WRAP Retail Offer
Sunda Energy PLC announced a retail offer via the Winterflood Retail Access Platform (WRAP) to raise up to £230,000 through the issue of new ordinary shares priced at 0.025 pence each. Up to 920,000,000 new ordinary shares will be made available. Investors will also receive one warrant for every two shares purchased, allowing them to acquire one new ordinary share at 0.0375 pence until the third anniversary of the grant date. The company has already conditionally raised £240,000 through a separate subscription. The WRAP Retail Offer is available to both new and existing shareholders in the United Kingdom on the same financial terms as the Subscription and is expected to close at 4.30pm on 16 October 2025.
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Sunda Energy plc (AIM: SNDA), the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia, is pleased to announce a retail offer via the Winterflood Retail Access Platform ("WRAP") to raise up to £230,000 (the "WRAP Retail Offer") through the issue of new ordinary shares of 0.025 pence each in the capital of the Company ("Ordinary Shares").
Under the WRAP Retail Offer up to 920,000,000 new Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at a price of 0.025 pence per share (the "Issue Price"). As part of the WRAP Retail Offer, the Company has agreed that one warrant for every two WRAP Retail Offer Shares will be granted (for no additional subscription cost), with each warrant entitling the holder to acquire one new Ordinary Share at a price of 0.0375 pence up to the third anniversary of the date of grant (the "Warrants").
In addition to the WRAP Retail Offer and as announced by the Company immediately prior to this announcement, the Company has raised conditionally gross proceeds of £240,000 by way of the Subscription.
The WRAP Retail Offer is being made available to new and existing shareholders of the Company and is being made on the same financial terms as the Subscription.
A separate announcement has been made regarding the Subscription and sets out the reasons for the Fundraising and use of proceeds. The proceeds of the WRAP Retail Offer will be utilised in the same way as the proceeds of the Subscription.
The WRAP Retail Offer and the Subscription are conditional on the New Ordinary Shares (comprising the Subscription Shares and the WRAP Retail Offer Shares) being admitted to trading on AIM ("Admission"). It is anticipated that Admission will become effective and that dealings in the New Ordinary Shares will commence on AIM, at 8:00 a.m. on 21 October 2025.
WRAP Retail Offer
Therefore, the Company is making the WRAP Retail Offer open to eligible investors in the United Kingdom following release of this announcement, being new retail investors or existing shareholders of Sunda, and through certain financial intermediaries.
The WRAP Retail Offer is expected to close at 4.30pm on 16 October 2025. Eligible investors should note that financial intermediaries may have earlier closing times.
There is a minimum subscription of £250 per investor under the WRAP Retail Offer. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.
It is a term of the WRAP Retail Offer that the total value of the WRAP Retail Offer Shares available for subscription at the Issue Price does not exceed £230,000, or such greater size as agreed by the Company.
Words and expressions defined in the announcement of the Company at 7.00 am on 15 October 2025 shall have the same meaning in this announcement.
The Company's LEI is 213800MBSOS9UZ5SW712.
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Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.