Business
Result of WRAP Retail Offer
Beacon Energy plc has announced the successful conclusion of its WRAP Retail Offer, conditionally raising approximately £56,180 in gross proceeds at an issue price of 3.9 pence per share, resulting in the issuance of 1,440,519 new Ordinary Shares. Admission of these WRAP Shares to trading on AIM is scheduled for March 6, 2026, subject to shareholder approval of the Proposed Transaction at the General Meeting on March 4, 2026. The new shares will rank pari passu with existing ordinary shares upon admission. Disclaimer*
About this update from Beacon Energy Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF THE LAWS OF ENGLAND AND WALES PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\"). UPON PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE WITHIN THE PUBLIC DOMAIN.\n \n13 February 2026\n \nBeacon Energy plc\n(\"Beacon Energy\" or the \"Company\")\n \nResult of WRAP Retail Offer\n \nBeacon Energy plc (AIM:BCE) is pleased to confirm, further to the announcement made on 5 February 2026, the result of its WRAP Retail Offer at the Issue Price of 3.9 pence per share. The Company announces that it has conditionally raised aggregate gross proceeds of approximately £56,180 pursuant to the WRAP Retail Offer. Accordingly, the Company will issue a total of 1,440,519 new Ordinary Shares at the Issue Price pursuant to the WRAP Retail Offer.\n \nAdmission of the WRAP Shares is subject to approval of, inter alia, the Proposed Transaction which will be voted upon at the Company's General Meeting (\"Shareholder Approval\").\n \nThe Admission Document, which will include a notice of General Meeting, is expected to be posted shortly with the Company's General Meeting scheduled for 4 March 2026. \n \nAdmission and Total Voting Rights\nSubject to Shareholder Approval, application will be made for the WRAP Retail Offer Shares to be admitted to trading on AIM (\"Admission\") on 6 March 2026.\n \nThe new Ordinary Shares to be issued pursuant to the WRAP Retail Offer will be issued free of all liens, charges and encumbrances and will, on Admission, rank pari passu in all respects with the new Ordinary Shares to be issued pursuant to the Placing, the Subscription and the Company's existing Ordinary Shares.\n \nTerms used but not defined in this announcement have the same meaning as set ...