Retail Offer

Empyrean Energy plc or the "Company" (AIM:EME) is pleased to announce to the opportunity for its existing retail shareholders via the CMC CapX (the "Retail Offer") of new ordinary shares of £0.2p each in the capital of the Company (the "Retail Offer Shares").

In addition to the Retail Offer, the Company is also conducting a placing of new ordinary shares (the "Placing Shares" and together with the Retail Offer Shares, the "Fundraising Shares") through an accelerated bookbuild process (the "Placing"). The price of the Fundraising Shares is 0.1p (the "Issue Price").

The issue of the Retail Offer Shares is conditional upon the passing of the resolutions to be put to shareholders of the Company at a General Meeting, expected to be held at the offices of the Cavendish at 1 Bartholomew Close, London, EC1A 7BL at 10.00am on Monday 2 December 2024. The Retail Offer and the Placing are conditional on, the Fundraising Shares being admitted to trading on the AIM market operated by London Stock Exchange plc ("Admission"). Admission is expected to take place at 8.00 a.m. on 3 December 2024. Completion of the Retail Offer is conditional, inter alia, upon the completion of the Placing.

The Retail Offer

Therefore, the Company is making the Retail Offer open to Eligible Shareholders (as defined below) in the United Kingdom via the CMC CapX Platform following release of this announcement.

The Retail Offer is expected to close by 5pm on 8th November 2024, but the Company reserves the right to close it earlier. Eligible Shareholders should note that financial intermediaries may also have earlier closing times.

Expected timetable

There is a minimum subscription of £50 per investor. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.

The Retail Offer is not being made into any jurisdiction other than the United Kingdom.

UK Product Governance Requirements

EU Product Governance Requirements