Retail Offer
Retail offer of up to £150,000 at 0.09p per share, alongside completed £600,000 placing.
- Retail Offer maximum £150,000
- Placing gross proceeds £600,000
- Issue Price 0.09p per share
- Maximum Retail Offer Shares 16,666,667 shares
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Empyrean Energy (or the "Company") (AIM:EME) is pleased to announce an offer to its existing retail shareholders via CMC CapX (the "Retail Offer") of new ordinary shares of 0.01 pence each in the capital of the Company (the "Retail Offer Shares") at a price of 0.09p (the "Issue Price") up to a maximum of £150,000 or 16,666,667 shares.
In addition to the Retail Offer, the Company has completed a placing of new ordinary shares to raise gross proceeds of £600,000 at the Issue Price (the "Placing"). .
A separate announcement has been made regarding the Placing. For the avoidance of doubt, the Retail Offer is separate from and does not form part of the Placing.
The Retail Offer is conditional on the Retail Offer 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 am on 8 May 2025. Completion of the Retail Offer is conditional, inter alia, upon the completion of the Placing.
The Retail Offer
The Retail Offer is expected to close by 4.00 p.m. on 30 April 2025, 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
| Retail Offer opens | 28 April 2025 |
| Retail Offer closes | 4.00 p.m. on 30 April 2025 |
| Announcement of the results of the Retail Offer | 7.00 a.m. on 1 May 2025 |
| Admission of the Retail Offer Shares and crediting of CREST accounts | On or around 8 May 2025 |
Retail brokers or wealth managers which, in each case, are investment professionals (within the meaning of article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005), wishing to participate in the Retail Offer on behalf of Eligible Shareholder, should contact CMC CapX via email to capx@cmcmarkets.com or by telephone on +44 (0) 20 3003 8632.
There is a minimum subscription of £250 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
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.