Result of WRAP Retail Offer
Beacon Energy plc has announced the successful conclusion of its WRAP Retail Offer, conditionally raising approximately £56,180 in gross proceeds at an issue price of 3.9 pence per share, resulting in the issuance of 1,440,519 new Ordinary Shares. Admission of these WRAP Shares to trading on AIM is scheduled for March 6, 2026, subject to shareholder approval of the Proposed Transaction at the General Meeting on March 4, 2026. The new shares will rank pari passu with existing ordinary shares upon admission.
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Beacon Energy plc (AIM:BCE) is pleased to confirm, further to the announcement made on 5 February 2026, the result of its WRAP Retail Offer at the Issue Price of 3.9 pence per share. The Company announces that it has conditionally raised aggregate gross proceeds of approximately £56,180 pursuant to the WRAP Retail Offer. Accordingly, the Company will issue a total of 1,440,519 new Ordinary Shares at the Issue Price pursuant to the WRAP Retail Offer.
Admission of the WRAP Shares is subject to approval of, inter alia, the Proposed Transaction which will be voted upon at the Company's General Meeting ("Shareholder Approval").
The Admission Document, which will include a notice of General Meeting, is expected to be posted shortly with the Company's General Meeting scheduled for 4 March 2026.
Admission and Total Voting Rights
Subject to Shareholder Approval, application will be made for the WRAP Retail Offer Shares to be admitted to trading on AIM ("Admission") on 6 March 2026.
Terms used but not defined in this announcement have the same meaning as set out in the Company's announcement released at 07 00 a.m. on 5 February 2026.
The Company's LEI is 213800TZWOYU7UFZ5V63.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.