Business
Posting of Circular and Notice of AGM
Georgina Energy plc is proposing a significant acquisition of Frontier O&G and Ordiv Petroleum, which hold interests in EP 125 Mt Kitty and EP 112 Dukas, to be settled by issuing 43,193,676 new ordinary shares to Central Petroleum Limited, resulting in CTP holding 25% of the company's issued share capital post-completion. Concurrently, the company plans a capital reorganisation to subdivide existing shares into new ordinary shares and deferred shares, enabling future equity raises, and has secured an at-the-market equity facility of up to £10 million with Riverfort Global Opportunities PCC Ltd, with an initial drawdown of £2.5 million for working capital over five years. A General Meeting on April 20, 2026, will seek shareholder approval for these proposals, including the acquisition, capital reorganisation, and the equity facility. Disclaimer*
About this update from Georgina Energy Plc
[{"type":"text","content":"\n\n \nTHIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF (A) ARTICLE 7(1) OF UK MAR IN SO FAR AS IT RELATES TO ORDINARY SHARES ISSUED BY GEORGINA ENERGY PLC\n 25 March 2026\n \nGeorgina Energy plc\n(\"Georgina\", \"Georgina Energy\" or the \"Company\")\n\nUpdate on Proposed Acquisition, Capital Reorganisation, Financing, Posting of Circular and Notice of General Meeting\nGeorgina Energy plc (TIDM: GEX), an early-stage well-redevelopment company focused on the exploration, commercial development and monetisation of helium, hydrogen and hydrocarbon interests in the Amadeus and Officer Basins, is pleased to announce that it is today posting a shareholder circular (the \"Circular\") to shareholders containing a notice convening a General Meeting of the Company at 10 a.m. on 20 April 2026 (the \"General Meeting\").\nThe Circular sets out details of the following proposals (together, the \"Proposals\") that require shareholder approval (the \"Resolutions\") at the General Meeting:\n· authorising the allotment of New Ordinary Shares (as defined below) to Central Petroleum Limited (\"CTP\") pursuant to the proposed acquisition of the entire issued share capital of Frontier O&G and Ordiv Petroleum, holders of: (i) a 30% interest in EP 125 Mt Kitty; and (ii) a 45% interest in EP 112 Dukas (the \"Acquisition\");\n· a proposed capital reorganisation through the sub-division of the Company's existing ordinary shares of £0.05 each (\"Ordinary Share\") into one ordinary share of £0.01 (a \"New Ordinary Share\") and one deferred share of £0.04 (the \"Capital Reorganisation\");\n· allotment of up to £2.5 million New Ordinary Shares pursuant to the entry into an at-the-market equity facility (the \"ATM Facility\") for the purposes of general working capital over the course of the subsequent five years from the execution of the ATM Facility; and\n· proposed amendments to the Company's Articles of Association (the \"Articles\") in connection with the Capital Reorganisation.\nThe Acquisition\nAs previously announced on 11 November 2025, the Company has agreed conditionally to acquire the entire issued share capital of Frontier O&G Pty Ltd and Ordiv Petroleum...