Posting of Circular and Notice of General Meeting
Sunda Energy plc has posted a Circular and Notice of General Meeting to shareholders detailing a proposed Acquisition, Fundraising, and Capital Reorganisation, with the General Meeting scheduled for April 29, 2026. The new ISIN for the New Ordinary Shares will be GB00BSHSGY88, while the TIDM remains SNDA. The Retail Offer closes on April 9, 2026, with the announcement of its results expected around April 10, 2026, and the commencement of dealings in Firm Subscription Shares on April 10, 2026. All subsequent events, including the admission of New Ordinary Shares, are conditional on the passing of resolutions at the General Meeting.
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Further to the Company's announcements released on 8 April 2026, Sunda Energy plc (AIM: SNDA), the AIM-quoted exploration and appraisal company focused on oil & gas assets in Asia-Pacific region, announces that it has today posted a Circular (containing a Notice of General Meeting) and form of proxy to Shareholders setting out further details regarding the proposed Acquisition, the proposed Fundraising and the proposed Capital Reorganisation (the "Proposals").
The General Meeting is due to be held at the offices of Fieldfisher LLP, Riverbank House, 2 Swan Lane, London EC4R 3TT at 11.00 a.m. on 29 April 2026.
As part of the proposed Capital Reorganisation, the new ISIN for the New Ordinary Shares will be GB00BSHSGY88. The Company's TIDM, SNDA, is unchanged.
The Circular will shortly be available on the Company's website: https://sundaenergy.com/.
The expected timetable of principal events is set out below:
2026
| Announcement of the Proposals | 8 April |
| Announcement of the Retail Offer | 8 April |
| Launch of the Retail Offer via the WRAP Platform | 8 April |
| Close of the Retail Offer via the WRAP Platform (1) | 4.30 p.m. on 9 April |
| Publication and posting of the Circular and Form of Proxy | 9 April |
| Announcement of the results of the Retail Offer | on or around 10 April |
| First Admission and commencement of dealings in the Firm Subscription Shares | 8.00 a.m. on 10 April |
| Latest time and date for receipt of Forms of Proxy or electronic proxy appointments for use at the General Meeting | 11.00 a.m. on 27 April |
| Latest time and date for receipt of CREST proxy instructions and CREST voting instructions | 11.00 a.m. on 27 April |
| General Meeting | 11.00 a.m. on 29 April |
| Capital Reorganisation Record Date | 6.00 p.m. on 29 April |
| Announcement of results of the General Meeting | 29 April |
| General Admission and commencement of dealings in the New Ordinary Shares, the Conditional Subscription Shares and the Retail Offer Shares | 8.00 a.m. on 30 April |
| CREST accounts to be credited for the New Ordinary Shares, the Conditional Subscription Shares and the Retail Offer Shares to be held in uncertificated form | 30 April |
| Dispatch of definitive share certificates for applicable New Ordinary Shares and Conditional Subscription Shares within 10 business days to be held in certificated form | within 10 business days of Admission |
Notes:
- Each of the above times and/or dates is subject to change at the absolute discretion of the Company and Allenby Capital. If any of the above times and/or dates should change, the revised times and/or dates will be announced through a Regulatory Information Service.
- All of the above times refer to London time unless otherwise stated.
Capitalised terms in this announcement have the meaning ascribed to them in the announcement released by the Company at 7:01 a.m. on 8 April 2026.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.