Business
Proposed Retail Offer to raise up to £0.6 million
Star Energy Group PLC is launching a retail offer to raise up to £0.6 million by issuing up to 4,000,000 new Ordinary Shares at 15 pence per share, representing a 9.2% discount to the previous day's closing price. This offer is exclusively for existing UK shareholders and is separate from a concurrent placing and subscription. The retail offer opens on May 1, 2026, and closes on May 6, 2026, with admission of the new shares expected on May 19, 2026, subject to shareholder approval at a general meeting on May 18, 2026. Disclaimer*
About this update from Star Energy Group Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, JAPAN NEW ZEALAND OR IN OR INTO ANY OTHER JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.\nTHE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF STAR ENERGY GROUP PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY BY SUCH PERSONS. THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF STAR ENERGY GROUP PLC.\n \n1 May 2026\n \nStar Energy Group plc\n \n(\"Star Energy\" or \"the Company\")\n \nProposed Retail Offer to raise up to £0.6 million\n \nStar Energy (AIM: STAR), a British energy company with core activities centring on oil and gas extraction, is pleased to announce a retail offer via the BookBuild Platform (the \"Retail Offer\") of new Ordinary Shares of 0.002 pence each in the capital of the Company (\"Ordinary Shares\") to raise gross proceeds of up to £0.6 million. Pursuant to the Retail Offer, up to 4,000,000 New Ordinary Shares (the \"Retail Offer Shares\") will be made available at a price of 15 pence per Retail Offer Share (the \"Issue Price\"). The Issue Price represents a discount of 9.2 per cent. to the closing price of the Ordinary Shares on 30 April 2026, being the date of the announcement of the Placing.\n \nIn addition to the Retail Offer, the Company also conducted a placing of new ordinary shares (the \"Placing Shares\" at the Issue Price (the \"Placing\") and a subscription for new ordinary shares (\"Subscription Shares\" and together with the Placing Shares and the Retail Offer Shares, the \"Fundraising Shares\") by al...