Results of Oversubscribed Placing
Reabold Resources plc has successfully raised £1.51 million through an oversubscribed placing of 1,510,000,000 New Ordinary Shares at 0.1 pence each, bringing the total gross proceeds from the placing and a strategic investment to £3.41 million. The company will hold a General Meeting on 24 April 2026 to seek shareholder approval for the fundraising, with a circular expected by 8 April 2026. Admission of the new shares to AIM is anticipated around 27 April 2026, after which the total number of ordinary shares in issue will be 13,604,413,490.
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Reabold, the investing company focused on developing strategic gas projects for European energy security, is pleased to announce that that, further to the Company's announcement released at 4:41 p.m. on 1 April 2026 (the "Launch Announcement"), the accelerated bookbuild has closed and the Company has conditionally raised £1.51 million (before expenses) through the successful placing of 1,510,000,000 New Ordinary Shares at the Issue Price of 0.1 pence per New Ordinary Share, pursuant to the Placing.
The Company has therefore conditionally raised gross proceeds of £3.41 million through the Placing and the Strategic Investment.
Capitalised terms used in this announcement (the "Announcement") have the meanings given to them in the Launch Announcement, unless the context provides otherwise.
Posting of Circular and Notice of General Meeting
The Fundraising is conditional, inter alia, upon Shareholders approving the Resolutions at the General Meeting which is expected to be held on 24 April 2026. The Circular, which contains the Notice of General Meeting in respect of the Fundraising, is expected to be posted to Shareholders by 8 April 2026 and, once published, will be made available on the Company's website at https://reabold.com/.
Admission and Total Voting Rights
Application will be made for the New Ordinary Shares to be issued pursuant to the Fundraise to be admitted to trading on AIM, which is expected to take place at 8.00 a.m. on or around 27 April 2026 (or such later date as the Company and Cavendish may agree, but in any event not later than 8.00 a.m. on 11 May 2026).
Following the issue of the New Ordinary Shares, the Company will have 13,604,413,490 Ordinary Shares in issue, all of which have voting rights. The figure of 13,604,413,490 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change their interest in, the Company.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.