Approval and Publication of Prospectus
MMM publishes prospectus for reverse takeover of Georgina Energy and £5m placing ahead of shareholder vote.
- Gross proceeds from Placing £5m
- New Ordinary Shares to be admitted 83,678,396
- Enlarged share capital post-Admission 90,088,396 ordinary shares
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- The proposed acquisition of Georgina Energy plc ("Proposed Acquisition") and raising gross proceeds of £5m ("Placing");
- The Acquisition of Georgina Energy Plc is a reverse takeover under the Listing Rules;
- The Proposed Acquisition and Placing is conditional on the passing of certain resolutions at a general meeting ("Completion"). Following Completion, the Company will seek the admission of an aggregate of 83,678,396 New Ordinary Shares to the Equity Shares (transition) category of the Official List pursuant to Chapter 22 of the UKLR and to trading on the London Stock Exchange ("Admission"). Following Admission, the Company will have an enlarged share capital of 90,088,396 ordinary shares.
The Prospectus has been filed with the Financial Conduct Authority. To view the full document, please follow the link below:
A copy of the Prospectus has also been submitted to the National Storage Mechanism and will shortly be available for inspection at the following link:
It is expected that Completion will take place following the general meeting on 29 July and Admission on 8.00 a.m. 30 July 2024. A notice of general meeting has been announced separately.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.