Business
WRAP Retail Offer for up to £150,000
Block Energy Plc is launching a WRAP Retail Offer to raise up to £150,000 through the issuance of new ordinary shares at 1.1 pence per share, with up to 13,636,363 shares available. This offer, which is separate from a proposed placing to raise approximately $6.3 million, is open to existing UK retail shareholders and is conditional on the completion of the placing. The proceeds from the WRAP Retail Offer will be used in the same manner as the placing proceeds. Admission of the retail offer shares to trading on AIM is expected around May 19, 2026, subject to shareholder approval. Disclaimer*
About this update from Block Energy Plc
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT. THE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE WRAP RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF BLOCK ENERGY PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY WITH SUCH PERSONS. THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF BLOCK ENERGY PLC. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596 / 2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION. 27 April 2026 Block Energy Plc ("Block" or the "Company") WRAP Retail Offer for up to £150,000 Block Energy plc, the production and development company focused on Georgia, is pleased to announce a retail offer via the Winterflood Retail Access Platform ("WRAP") to raise up to £150,000 (the "WRAP Retail Offer") through the issue of new ordinary shares of £0.0025 each in the capital of the Company ("Ordinary Shares"). Under the WRAP Retail Offer up to 13,636,363 new Ordinary Shares (the "Retail Offer Shares") will be made available at a price of 1.1 pence per share ("Issue Price"). In addition to the WRAP Retail Offer and as announced earlier today, the Company is also proposing a placing of ("Placing") new...