Business
Letter to Shareholders and IMC Investor Event
Prospex Energy plc has announced an investor event on March 26, 2026, where the CEO will discuss the company's strategy focused on European gas and power projects, emphasizing real assets, value accretion, and resource sovereignty. The company has received £1.346 million in subscriptions for its Convertible Loan Note offering, which aims to reach a £1.6 million target to fund asset value protection and growth, with new subscriptions subject to a one-year conversion delay. Prospex currently holds three producing assets in Italy and Spain, and is exploring new opportunities in Poland, with a focus on increasing per-share value amidst surging market demand for secure domestic energy. Disclaimer*
About this update from Prospex Energy Plc
[{"type":"text","content":"\n\n\n\nProspex Energy plc / Index: AIM / Epic: PXEN / Sector: Oil and Gas\n \n12 March 2026\n \n\nProspex Energy plc\n(\"Prospex\" or the \"Company\")\n \nLetter to Shareholders and IMC Investor Event\n \nProspex Energy plc (AIM: PXEN), the AIM quoted investment company focused on European gas and power projects, is pleased to provide a letter to shareholders from the Company's CEO, Tom Reynolds, which is copied in full below.\n \nThe Company is also pleased to announce that Tom Reynolds, together with Bill Smith, Chairman of Prospex, will provide a live Corporate Presentation via Investor Meet Company on 26 March 2026 at 15:00 GMT. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 25 March 2026 at 09:00 GMT, or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet PROSPEX ENERGY PLC via: https://www.investormeetcompany.com/prospex-energy-plc/register-investor\n \nInvestors who already follow PROSPEX ENERGY PLC on the Investor Meet Company platform will automatically be invited.\n \n \nLetter to Shareholders\n \nDear Shareholders,\n \nIt has now been a month since I took over as CEO of Prospex Energy, and I would like to start by saying how excited I am for the future of our Company. Since joining, I have covered a lot of ground travelling to Spain and Italy to meet our team, partners and key stakeholders, gaining valuable insight into our asset portfolio and building a schedule of value adding options for each asset.\n \nInvestment Thesis and Process\nProspex is quoted on AIM as an investing company with a focus on energy assets, particularly natural gas and electricity, in Europe. My investment thesis for Prospex is simple and can be described in three parts:\n\n· Real assets - properties which produce real commodities needed by society and will increase in value during inflationary periods, outperforming other investment classes when buying power is eroded\n· Value Accretive - each asset offers clearly defined opportunities to add value through discovery, derisking and/or development. With access to appropriate resources, we can add value for our shareholders.\...