Business
Result of Placing and Subscription
Result of Placing and Subscription.
About this update from Prospex Energy Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN (TOGETHER THIS \"ANNOUNCEMENT\"), IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596 / 2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY UK MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.\n \n \nProspex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas\n \n6 August 2024\n \nProspex Energy PLC\n(\"Prospex\" or the \"Company\")\n \nResult of Placing and Subscription\n \nProspex Energy PLC (AIM: PXEN) is pleased to announce that further to the announcement released at 17:25 on 5 August 2024 (the \"Launch Announcement\"), the Placing has now closed and the Bookbuild has been successfully concluded. Terms defined in the Launch Announcement have the same meanings in this announcement.\n \nThe gross proceeds from the Placing and Subscription increased to approximately £3.34 million. The Placing increased in size such that a total of 7,833,333 new Ordinary Shares at the Issue Price of 6 pence per new Ordinary Share were placed with investors to raise gross proceeds of approximately £470,000. The Subscription increased in size such that a total of 47,800,000 new Ordinary Shares at the Issue Price were subscribed for to raise gross proceeds of approximately £2.87million.\n \nThe proceeds from the Placing and Subscription will allow Prospex to acquire a minimum of 7% of HEI. Additional proceeds from the Retail Offer will allow Prospex to increase its interest in HEI.\n \nThe Company is currently running the Retail Offer, which is open to existing shareholders via ...