Beacon Acquisition and Commencement of Trading
Reabold Resources plc notes Beacon Energy PLC's announcement regarding the completion of its acquisition of a significant interest in LNEnergy Limited and its associated fundraise, which has led to the re-commencement of Beacon's trading on AIM. Reabold maintains substantial exposure to the Colle Santo Asset, an onshore Italian gas field, through its entitlement to a significant portion of the project's cash flows and its shareholding in Beacon. These developments, including LNEnergy's offtake and financing arrangements with an Italian energy wholesaler, are considered significant milestones in unlocking the project's value, which is anticipated to deliver substantial economic returns.
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Reabold Resources plc, the investing company focused on developing strategic gas projects for European energy security, is pleased to note the announcement made by Beacon Energy PLC ("Beacon") on 6 March 2026 regarding the completion of its acquisition of a significant interest in LNEnergy Limited ("LNEnergy"), its associated fundraise, and the re-commencement of trading of its shares on AIM. The Beacon announcement can be viewed here:
https://www.londonstockexchange.com/news-article/BCE/acquisition-fundraise-trading-recommencement/17491686
Reabold retains a substantial exposure to the Colle Santo Asset, a material, development-ready onshore gas field in Italy, through an entitlement to a significant portion of the project's cash flows, as well as through its shareholding in Beacon. The completion of this acquisition, as well as the offtake and financing arrangement LNEnergy Srl has entered into with a leading Italian based wholesaler and distributer of energy products represent significant milestones in unlocking the value of the project which is expected to deliver substantial economic returns, as outlined in Beacon's announcement.
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Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.