Business
Proposed equity fundraising via ABB
Proposed equity fundraising via ABB.
About this update from Zephyr Energy Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT, INCLUDING THE APPENDICES 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. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \nTHIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY. IN PARTICULAR, YOU SHOULD READ AND UNDERSTAND THE INFORMATION PROVIDED IN APPENDIX I WHICH CONTAINS THE TERMS AND CONDITIONS OF THE PLACING.\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 \n24 June 2025\n \nZephyr Energy plc\n(\"Zephyr\" or the \"Company\")\n \nProposed fundraising to raise c.£10 million\n \nProposed US$7.3 million acquisition of a portfolio of well interests in the Rocky Mountain region\n \nZephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF) announces its intention to conduct a fundraising to raise gross proceeds of around £10 million (which may be increased) through i) a placing of new ordinary shares (\"Placing Shares\") of 0.1p each in the capital of the Company (\"Ordinary Shares\") to new and existing investors (\"Placees\") at an issue price of 3.0 pence per new Ordinary Share (the \"Issue Price\") (the \"Placing\"); and ii) a proposed Director Subscription of up to £0.7 million.\n \nThe Placing is being made available to certain institutional and professional investors only and will be conducted by way of an accelerated bookbuild (\"Bookbuild\") which will open immediately following release of this Announcement in accordan...