Jadestone Energy

PT Prima Petroleum Energi towards control

Part of Possible offer – approachFollows from Tyrus Capital, S.A.M selling down – 28.4774% → 0% in 1 notice, closed 3 Sep 2026

On 2 Sep 2026 Prima Energy, an Indonesian oil and gas operator, agreed to buy c.28.3% of Jadestone from Tyrus Capital funds, its largest shareholder, under a private share purchase agreement. Prima said it has no intention of making an offer and is bound by Rule 2.8. Jadestone responded the same day, noting it has not yet received independent confirmation of the Sale.

Buyer

PT Prima Petroleum Energi (Prima Energy), Indonesian independent oil and gas company 2 Sep 2026 ↗

Seller

Tyrus Capital S.A.M. funds 2 Sep 2026 ↗

Stake

c.28.3% of issued share capital, agreed 2 Sep 2026 2 Sep 2026 ↗

Offer intention

No intention to make an offer; bound by Rule 2.8 of the UK Takeover Code 2 Sep 2026 ↗

Rule 2.8 set-aside

With board agreement, a third-party offer or possible offer, a Rule 9 waiver or reverse takeover, or a material change of circumstances 2 Sep 2026 ↗

Advisers

Standard Chartered (financial); Herbert Smith Freehills Kramer (legal) 2 Sep 2026 ↗

Next: independent confirmation of the Sale received by Jadestone

1. 3 Sep 2026 28.2779%