Business
Result of Oversubscribed WRAP Retail Offer
Result of Oversubscribed WRAP Retail Offer.
About this update from Prospex 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 \n8 August 2024\n \nProspex Energy plc\n \n(\"Prospex Energy\" or the \"Company\")\n \nResult of Oversubscribed WRAP Retail Offer and TVR\n \nPDMR Notifications\n \nProspex Energy plc (AIM:PXEN), the investment company focused on European gas and power projects, is pleased to confirm, further to the announcement made at 6:10pm on Monday 5 August 2024 (the \"Retail Offer Announcement\"), the result of the Company's Placing, Subscription and WRAP Retail Offer (together, the \"Fundraise\") at the Issue Price of 6 pence per share. Terms defined in the Retail Offer Announcement have the same meanings in this announcement.\n \nThe Company has raised aggregate gross proceeds of £859,323.60 pursuant to the WRAP Retail Offer, which has been significantly oversubscribed, alongside the previously announced Placing and Subscription. Accordingly, the Company will issue a total of 14,322,060 new Ordinary Shares at the Issue Price pursuant to the WRAP Retail Offer.\n \nIn total, the Placing, Subscription and WRAP Retail Offer have raised, in aggregate, gross proceeds of approximately £4.20 million for the Company, via the Placing and Subscription of 55,633,333 Placing and Subscription Shares and the 14,322,060 WRAP Retail Offer Shares, amounting in aggregate to the issue of 69,955,393 new Ordinary Shares.\n \nThe gross proceeds from the Fundraise will enable Prospex to acquire 7.5% of HEI. This increased share has been made feasible from the success of the oversubscribed WRAP Retail Offer.\n \n...