Georgina Energy PlcLSE: GEX

Issue of Ordinary Shares

· Issued by Georgina Energy Plc

19 September 2024

Georgina Energy plc

("Georgina", "Georgina Energy" or the "Company")

Issue of Ordinary Shares

Issue of Equity

Georgina Energy announced that today it has issued 580,000 new ordinary shares of 5p ("New Ordinary Shares") at an issue price of 12.5p per ordinary shares in lieu of services provided to the Company.

The Company will seek admission of the New Ordinary Shares to trading on the Equity (transition) category of the Official List and the London Stock Exchange at 8.00 a.m. on 25 September 2024 ("Admission").

Total Voting Rights

In accordance with the FCA's Disclosure Guidance and Transparency Rules, the Company confirms that following Admission, the Company's enlarged share capital will comprise 90,668,396 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury. Therefore, following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA's Disclosure Guidance and Transparency Rules.

Issue of Warrants

The Company has granted 1,286,366 warrants exercisable at 15.625p for a period of 2 years.

END

Enquiries

Georgina Energy

Tony Hamilton

via georginaenergy@apcoworldwide.com

Mark Wallace

Tavira Financial Ltd - Financial Adviser and Joint Broker

Jonathan Evans

+44 (0)20 3833 3719

Oliver Stansfield

Oak Securities - Joint Broker

Jerry Keen

 +44 (0)203 973 3678

Henry Clarke

Dillon Anadkat

Financial PR 

georginaenergy@apcoworldwide.com

Violet Wilson

+44 (0)203 757 4980

Letaba Rimell

Notes to Editors

Georgina Energy aims to become a leading player in the global energy market and is focused on establishing itself among the top producers of helium and hydrogen worldwide. With a strategic approach and leveraging the experienced management team's expertise, Georgina Energy aims to capitalize on opportunities in these critical energy sectors.

The projects benefit from established infrastructure and a reliable supply chain, offering significant resource potential through low-risk, cost-effective drilling projects.

Georgina Energy has two principal onshore interests held through its wholly owned Australian subsidiary, Westmarket O&G.  The first, the Hussar Prospect is located in the Officer Basin in Western Australia and Westmarket O&G holds a 100% working interest in the exploration permit.  The second, the EPA155 Mt Winter Prospect, is located in the Amadeus Basin in the Northern Territory, which Georgina Energy has a right to earn an initial 75 per cent. interest in (with the potential to reach 90 per cent.).

In line with market demand trends, Georgina Energy is well-positioned to capitalize on the growing gap between supply and demand for hydrogen and helium with the resource potential of EPA155 Mt Winter and EP513 Hussar projects for their potential accumulations.

For more information visit https://www.georginaenergy.com