Business
Conversion of Loan Notes and TVR
Prospex Energy PLC has announced the conversion of £152,515.07 in convertible loan notes into 5,083,836 new ordinary shares, issued at 3.00p per share. This conversion will increase the total number of ordinary shares in issue from 428,710,121 to 433,793,957, with admission to trading expected around March 20, 2026. This change impacts the denominator for shareholders calculating their notification requirements under FCA rules. Disclaimer*
About this update from Prospex Energy Plc
[{"type":"text","content":"\n\nProspex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas\n \n17 March 2026\n \nProspex Energy PLC\n('Prospex' or the 'Company')\n \nConversion of Loan Notes and TVR\n \nProspex Energy PLC, the AIM-quoted investing company focused on European gas and power projects, announces that it has received a notice to convert £152,515.07 into convertible loan notes in exchange for the issue of 5,083,836 new ordinary shares of 0.1p each in the Company (\"Ordinary Shares\").\n \nThe abovementioned convertible loan note was issued in January 2026 and is convertible at 3.00p per share pursuant to a Convertible Loan Note Deed dated 17 December 2025.\n \nAdmission to Trading and Total Voting Rights\n \nThe Company has applied to the London Stock Exchange for admission of 5,083,836 new Ordinary Shares to trading on AIM ('Admission') as a result of the above conversion. Admission is expected to occur on or around 20th March 2026. There are currently 428,710,121 Ordinary Shares in issue. Following Admission there will be a total of 433,793,957 Ordinary Shares in issue. This will be the number of Ordinary Shares that may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.\n \nThis announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.\n \n* * ENDS * *\n \n\n\n \nFor further information visit www.prospex.energy or contact the following:\n \n\n\n\n\nTom Reynolds\n\n\nProspex Energy PLC\n\n\nTel: +44 (0) 20 7236 1177\n\n\n\n\nRitchie Balmer\nRory Murphy\n\n\nStrand Hanson Limited\n\n\nTel: +44 (0) 20 7409 3494\n\n\n\n\nAndrew Monk (Corporate Broking)\nAndrew Raca (Corporate Finance)\n\n\nVSA Capital Limited\n\n\nTel: +44 (0) 20 3005 5000\n\n\n\n\nNeil Passmore\nLeif Powis\n\n\nHannam & Partners\n\n\nTel: +44 (0) 20 7907 8500\n\n\n\n\nAna Ribeiro / Charlotte Page\n\n\nSt Brides Partners Limited \n\n\nTel: +44 (0) 20 7236 1...