CLN Update, Issue of Equity & Total Voting Rights
Orcadian Energy plc has received £440,000 in gross proceeds from the issue of Convertible Loan Notes, with Albion Labs Jersey Limited expected to continue funding up to £500,000. The company has also issued 204,931 new ordinary shares to settle £27,500 of a loan note, with these shares expected to be admitted to trading on AIM on February 10, 2026. Following this admission, the total voting rights in the company will be 79,205,343 ordinary shares.
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Orcadian Energy (AIM:ORCA) is pleased to announce that it has now received a total of £440,000 in gross proceeds from the issue of Convertible Loan Notes ("CLNs"), as previously announced on 30 December 2025. Albion Labs Jersey Limited ("Albion Labs Jersey") is one of the investors and is expected to continuing funding through further purchases of CLNs up to the maximum issue of £500,000.
The Company further announces that it has received a conversion notice in respect of a CLN held by one of the loan note holders and has issued 204,931 new ordinary shares, which settles £27,500 of the face value loan amount.
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for 204,931 new ordinary shares to be admitted to trading on AIM ("Admission"). Admission is expected to take place at 8.00 a.m. on or around 10 February 2026.
Following Admission, the total voting rights in the Company will be 79,205,343 ordinary shares and Shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure, Guidance and Transparency Rules.
For further information on the Company please visit the Company's website: https://orcadian.energy
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.