Appointment of Fox-Davies as Corporate Broker

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

5 June 2023

Prospex Energy PLC

('Prospex' or the 'Company')

Appointment of Fox-Davies as Corporate Broker

Prospex Energy PLC, the AIM quoted investment company focused on European gas and power projects, is pleased to announce the appointment of Fox-Davies Capital Limited ('Fox-Davies'), effective 1 June 2023, as Joint Corporate Broker to the Company.

As part of an enhanced package of services Fox Davies will, among other things, initiate research on Prospex, with periodic updates on corporate developments and assist with the Company's market communications.

Fox-Davies is acting in a Joint Corporate Broker capacity alongside VSA Capital Limited.

Mark Routh, Prospex's CEO, commented:

"We are extremely pleased to be taking on Fox-Davies as our joint corporate broker.  Fox-Davies is a specialist in the natural resources sector and will provide the Company with an enhanced package of services including the preparation of an analyst's research note on the Company for our existing and potential investors. 

"Fox-Davies will also provide Prospex with invaluable market intelligence in the energy and resources sector, generally enhancing the Company's investor relations and market reach.  I am excited to be working closely with the team at Fox-Davies in the coming months as we increase our natural gas production and cash flow from our asset portfolio in both Italy and Spain."

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

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For further information visit www.prospex.energy or contact the following: