Corcel PLC
("Corcel" or the "Company")
BLOCK ADMISSION SIX MONTH RETURN
Corcel plc (London AIM: CRCL) today makes the following notification pursuant to Schedule Six of the AIM Rules for Companies regarding its existing block admission arrangements.
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Name of applicant: |
Corcel Plc |
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Name of scheme: |
Placing Warrants - December 2022 |
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Period of return: |
From: |
23.12.2025 |
To: |
24.06.2026 |
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Balance of unallotted securities under scheme(s) from previous return: |
116,500,000 |
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Plus: The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for): |
Nil |
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Less: Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G): |
Nil |
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Equals: Balance under scheme(s) not yet issued/allotted at end of period: |
116,500,000 |
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Name of applicant: |
Corcel Plc |
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Name of scheme: |
Placing Warrants - April 2024 |
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Period of return: |
From: |
23.12.2025 |
To: |
24.06.2026 |
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Balance of unallotted securities under scheme(s) from previous return: |
79,950,000 |
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Plus: The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for): |
Nil |
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Less: Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G): |
Nil |
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Equals: Balance under scheme(s) not yet issued/allotted at end of period: |
79,950,000 |
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For further information, please contact:
Scott Gilbert
Corcel Plc, CEO & Director
Melissa Byeon
Corcel Plc, Public Relations Officer
James Joyce / James Bavister / Andrew de Andrade
Zeus, NOMAD & Broker
020 3829 5000
Jonathan Wright / Rupert Holdsworth Hunt
Auctus Advisors LLP, Joint Broker
07711 627449
About Corcel
Corcel has a notable oil and gas portfolio in onshore Angola that includes brownfield redevelopment opportunities and significant exploration upside. Corcel marked a new country entry into Brazil through the option to acquire rights to producing gas and exploration assets, further diversifying its portfolio and enhancing its growth potential.
Corcel's Angola portfolio consists of interests in three licenses:
· KON - 16 upon completion: operated - 80% working interest - 71.5% net to CRCL
· KON - 11 Non-Operated - 20% working interest - 18% net to CRCL
· KON - 12 Non-Operated - 25% working interest - 22.5% net to CRCL
Corcel's Battery Metals portfolio consists of an 80% working interest in the Mt Weld Rare Earth Elements project in Western Australia.