Business
Update: £1.6 million CLN Fundraise Oversubscribed
Prospex Energy PLC has announced that its unsecured Convertible Loan Note offering has been oversubscribed, with investors still able to participate on a pro rata basis until 5 p.m. today, March 13, 2026. The company may consider increasing the total size of the offering depending on final subscription levels. This successful fundraising demonstrates strong investor support for Prospex Energy's focus on European gas and power projects. Disclaimer*
About this update from Prospex Energy Plc
[{"type":"text","content":"\n\nProspex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas\n \nTHIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION. \n \nThe communication of this announcement, and any other documents or materials relating to the CLNs is not being made, and such documents and/or materials have not been approved, by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000. Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents and/or materials as a financial promotion is only being made to, and may only be acted upon by, those persons in the United Kingdom falling within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the \"Financial Promotion Order\")) or persons who are within Article 43 of the Financial Promotion Order (being existing members or creditors of the Company) or any other persons to whom it may otherwise lawfully be made under the Financial Promotion Order.\n \n13 March 2026\n \nProspex Energy PLC\n('Prospex' or the 'Company')\n \nUpdate: £1.6 million Convertible Loan Note Fundraise Oversubscribed\n \nFurther to yesterday's RNS, Prospex Energy PLC (AIM: PXEN), the AIM-quoted investing company focused on European gas and power projects, is pleased to confirm that its unsecured Convertible Loan Note (\"CLN\") offering is now oversubscribed. \n \nInvestors wishing to participate in the CLN offering can still do so, but must inform the Company by no later than 5 p.m. today, Friday, 13 March 2026, and can expect to receive a pro rata allocation.\n \nDepending on the quantum of final subscriptions, the Board may elect to increase the total size of the offering.\n \nTom Reynolds, Prospex's CEO, c...