Business
Publication of Circular and Notice of GM
Afentra plc has published a circular and notice of a general meeting for shareholders regarding its conditional fundraising. The company raised gross proceeds of US$40 million through a placing of 44,315,240 new ordinary shares at 67 pence per share, representing 19.6% of its existing share capital. The net proceeds are intended to accelerate portfolio activity and drive growth. The general meeting, to be held electronically on June 25, 2026, will seek approval for the allotment of conditional placing shares and new ordinary shares from the WRAP Retail Offer. Disclaimer*
About this update from Afentra Plc
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT. FOR IMMEDIATE RELEASE 9 June 2026 AFENTRA PLC Publication of Circular and Notice of General Meeting Afentra plc ("Afentra" or the "Company") (AIM: AET), the upstream oil and gas company focused on acquiring production and development assets in Africa, announces that a circular (the "Circular") and notice of general meeting ("General Meeting") have been posted to shareholders and are available to view on the Company's website at www.afentraplc.com. On 4 June 2026, Afentra announced that it had conditionally raised gross proceeds of US$40 million before expenses, via a Placing of 44,315,240 new ordinary shares of £0.10 each in the capital of the Company ("Ordinary Shares") (19.6% of the Company's existing share capital) at a price of 67 pence per share. The net proceeds of the Placing will enable the Company to accelerate activity across the portfolio and deliver significant growth for the business and value accretion for shareholders. Admission of the first tranche of the Placing Shares (the "Firm Placing Shares") was made effective at 08:00 a.m. on 9 June 2026. The resolutions which will be proposed at the General Meeting will be to, inter alia, approve the allotment and issue of the Conditional Placing Shares, as well as new Ordinary Shares to be issued pursuant to the WRAP Retail Offer. The Company's General Meeting will be held electronically via the Lumi platform at https://meetings.lumiconnect.com/100-164-341-699 on 25 June 2026 at 10:00 a.m. (BST). Shareholders wishing to participate should refer to the Circular and notice of General Meeting for full details of how to attend and vote electronically. The Company is operating an electronic voting system to enable shareholders to vote on the resolutions in advance of the meeting. Votes may be submitted via the MUFG Investor Centre app or at https://uk.investorcentre.mpms.mufg.com/ or via the CREST Proxy Voting Services. All votes must be received by MUFG Corporate Markets by 10:00...