Business
Result of Bookbuild and WRAP Retail Offer
Block Energy plc has successfully raised a total of $6.30 million (£4.66 million) before expenses through a placing and retail offer. The placing raised $6.23 million (£4.61 million) by issuing 418,701,200 shares at 1.1 pence each, while the retail offer generated $67,000 (£50,000) from 4,506,716 shares. The company will issue 77,314,000 firm shares raising approximately $1.15 million (£0.85 million), with the remaining 345,893,916 conditional shares, including those from the retail offer, raising $5.15 million (£3.80 million). Admission of the firm shares is expected around May 1, 2026, with conditional shares expected around May 19, 2026, at which point the enlarged share capital will be 1,469,379,955 ordinary shares. Disclaimer*
About this update from Block Energy Plc
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN. 28 April 2026 Block Energy plc ("Block" or "the Company") Result of Bookbuild and WRAP Retail Offer Block Energy plc, is pleased to announce that further to the announcement made at 5.04 p.m. on 27 April 2026 (the "Bookbuild Launch Announcement"), the Bookbuild has now closed and the Company has raised $6.23 million (£4.61 million) in aggregate (before expenses) through the Placing of 418,701,200 Fundraise Shares pursuant to the Placing at the Issue Price of 1.1 pence per Ordinary Share. Tennyson acted as sole bookrunner in connection with the Placing. Additionally, further to the announcement made at 5.13 p.m. on 27 April 2026 (the "Retail Offer Launch Announcement"), the Retail Offer has also closed and the Company has raised US$ 67,000 (£50,000) in aggregate (before expenses) through the Retail Offer of 4,506,716 Fundraise Shares at the Issue Price pursuant to the Retail Offer. The total funds raised pursuant to the Placing and Retail Offer are US$ 6.30 million (£4.66 million). Pursuant to the Fundraise, the Company will issue 77,314,000 Firm Fundraise Shares raising c. US$ 1.15 million (c. £0.85 million) and 345,893,916 Conditional Fundraise Shares (which includes the Retail Offer) raising $5.15 million (£3.80 million). All of the Fundraise Shares subscribed for pursuant to the Retail Offer will be issued in the Conditional Fundraise. The Placing is subject to the conditions set out in the Bookbuild Launch Announcement. The Retail Offer is subject to the terms and conditions set out in the Retail Offer Launch Announcement. Admission and Total Voting Rights Application has been made for the Fundraise Shares to be admitted to trading on AIM ("Admission"). Admission of the 77,314,000 Firm Fundraise Shares ("First Admission") is expected on or around 1 May 2026 and Admission of the 345,893,916 Conditional Fundraise Shares ("Second Admission") is expected on or around 19 May 2026 (provided the Fundra...