Georgina Energy PLC Operational Update - Amendment

RNS Number : 6989M

Georgina Energy PLC

19 November 2024

 

The following amendment has been made to the OPERATIONAL UPDATE announcement released on 18 November 2024 at 07:00 under RNS No 4858M.

 

Total Voting Rights have been changed from 97,027,696 to 97,027,244.

 

All other details remain unchanged.

 

The full amended text is shown below.

 

 

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF (A) ARTICLE 7(1) OF UK MAR IN SO FAR AS IT RELATES TO ORDINARY SHARES ISSUED BY GEORGINA ENERGY PLC

 

 

19 November 2024

 

Georgina Energy plc

 

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

 

Operational Update

 

Exercise of Warrants

The Company has received notice from CSS ALPHA FUND AIFLNP V.C.I.C. LTD ("CSS Alpha") to exercise 6,358,848 warrants for nil consideration following the recent resource upgrade reported on 17 October 2024 being a condition of their issue. The terms of the warrants were further detailed in the Company Prospectus dated 11 July 2024.

The Warrants were originally issued to CSS Alpha for providing an extension to a bridging loan in the 2024 financial year. Upon conversion, the shares are subject to a lock-in until January 2025.

 

Admission

The Company will seek admission of 6,358,848 new Ordinary Shares to trading on the Equity (transition) category of the Official List and the London Stock Exchange from 8.00 a.m. on 21 November 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 97,027,244 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.

 

END

 

 

 

 

Enquiries

 

Georgina Energy

Tony Hamilton	via [e-mail]
Mark Wallace

Tavira Financial Ltd - Financial Adviser and Joint Broker

Jonathan Evans	[phone]
Oliver Stansfield

 

Oak Securities - Joint Broker

Jerry Keen	[phone]
Henry Clarke
Dillon Anadkat

 

Financial PR via [e-mail]

Violet Wilson	[phone]
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. 

 

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 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

 

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END

 

 

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