Further Investment into LNEnergy
Reabold Resources PLC announced on October 10, 2025, that it has increased its interest in LNEnergy Limited by 1.2% through a rights issue participation. Reabold subscribed for 128 new ordinary shares at £1,200 per share, resulting in a total cash consideration of £153,600. Following this investment, Reabold's total shareholding in LNEnergy will be approximately 47.4% of the enlarged share capital. LNEnergy's subsidiary owns 90% of the Colle Santo gas field in Italy, estimated to hold 65Bcf of 2P reserves. Reabold previously announced a conditional agreement with Beacon Energy PLC for Beacon to acquire Reabold's interest in LNEnergy, with the initial acquisition of approximately 49% of Reabold's holding anticipated in November 2025.
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Reabold Resources plc, the investing company focussed on developing strategic gas projects for European energy security, is pleased to announce that, through participation in a rights issue, it has increased its interest in LNEnergy Limited ("LNEnergy") by a further 1.2% through the subscription for 128 new ordinary shares at a price of £1,200 per share, with total cash consideration of £153,600. This will take Reabold's total shareholding to approximately 47.4% of LNEnergy's enlarged share capital.
LNEnergy's 100% owned subsidiary, LNEnergy S.r.l, is the Italian company that has a 90% interest in the Colle Santo gas field in the Abruzzo region of Italy, a highly material gas resource with an estimated 65Bcf of 2P reserves1.
As announced on 7 October 2025, Reabold has entered into a binding, conditional agreement with Beacon Energy PLC ("Beacon"), for Beacon to acquire all of Reabold's interest in LNEnergy. The first phase of this acquisition, in which Beacon will initially acquire approximately 49% of Reabold's holding in LNEnergy, is anticipated to complete in November 2025.
[1] RPS estimate, September 2022
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.