Exercise of Warrants, Issue of Equity & TVR
Mast Energy Developments PLC announced the exercise of prepaid warrants for 2,155,000 ordinary shares at 4 pence per share. Application has been made for admission of these shares to trading on the LSE, expected to be effective on September 3, 2025. Following admission, the company's issued share capital will consist of 16,903,927 ordinary shares with voting rights. Post admission, Paul Venter's beneficial holding will change to 11.59%, and Riverfort Global Opportunities PCC Ltd's holding will change to 10.09%.
Select text to share a quote on X · sign in to keep highlights & notes in your QDE notes
(Registration Number: 12886458)
Share code on the LSE: MAST
('MED' or 'the Company')
Dated: 1 September 2025
MAST Energy Developments PLC
("MED" or the "Company")
Exercise of Warrants, Issue of Equity & TVR
Mast Energy Developments PLC, the UK-based multi-asset owner, developer, and operator in the rapidly growing Flexible Generation Power market, announces that it has received notices of the exercise of Prepaid Warrants, issued pursuant to the Equity Fundraise announced on 11 July 2025, for a total of 2,155,000 ordinary shares in the Company at a price of 4 pence per ordinary share.
Application will be made for the admission of the 2,155,000 new ordinary shares to trading on the LSE ("Admission") pursuant to the authorities approved by shareholders at the General Meeting on 8 July 2025. The shares will rank pari passu with the existing ordinary shares and it is expected that Admission will become effective at 8.00 a.m. on 3 September 2025.
Following Admission, the Company's issued share capital will consist of 16,903,927 ordinary shares with voting rights. MED does not hold any ordinary shares in treasury. This figure of 16,903,927 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they require to notify their interest in, or a change to their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Following Admission, the beneficial holding of Paul Venter, non-executive director and chairman of the Company, will change from 13.28% to 11.59% interest in the issued share capital of the Company. Further, following Admission, the beneficial holding of Riverfort Global Opportunities PCC Ltd will change from 11.56% to 10.09%.
MED general enquiries - https://www.med.energy/contact
MED email alerts - https://www.med.energy/rnsannoucements-1
MED LinkedIn page - https://uk.linkedin.com/company/mast-energy-developments-plc
MED X (formerly Twitter) handle - @mastplc
| Pieter Krügel | info@med.energy | Mast Energy Developments PLC | CEO |
| Guy Wheatley, CFA | +44 (0)74 9398 9014 | Fortified Securities | Corporate Broker |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.