Business
WRAP Retail Offer Still Open
WRAP Retail Offer Still Open.
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 \n27 June 2025\n \nProspex Energy plc\n(\"Prospex Energy\" or the \"Company\")\n \nWRAP Retail Offer Still Open\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 7.01am on Wednesday 25 June 2025, that the 'WRAP' Retail Offer is still open for subscription at the Issue Price of 4.5 pence per share until 4.30pm today. Purchasing shares through the WRAP Retail Offer, rather than on market where the current price is approximately the same as the Issue Price, increases the cash resources available to the Company to pursue its strategy.\n \nThe Company reserves the right to extend and/or increase the WRAP Retail Offer, subject to demand. A minimum subscription amount of £100 applies for the WRAP Retail Offer. Prospective investors will find full details of the WRAP Retail Offer in the Company's 7.01am 25 June 2025 announcement.\n \nThe gross proceeds from the Fundraise will be allocated for the cash call for the Viura-1B well in northern Spain, to fund the workover to resume production at the Viura field and to cover ordering long-lead items for the 2026 drilling campaign.\n \nMark Routh, Prospex's CEO, commented:\n \n\"We are always grateful for the support of our shareholders and are pleased to be able to offer current investors the opportunity to participate in the ongoing Fundraise via the WRAP Retail Offer. With the resumption of production from the Viura field imminent, two other revenue gen...