Result of WRAP Retail Offer
Sunda Energy PLC has successfully raised approximately £404,780 in gross proceeds through its WRAP Retail Offer, which will result in the issuance of 13,606,029 WRAP Retail Offer Shares and 6,802,977 Warrants. This fundraising is contingent upon shareholder approval at a General Meeting scheduled for April 29, 2026, with anticipated admission to AIM and commencement of dealings in the new shares on April 30, 2026. The WRAP Retail Offer Shares will rank pari passu with existing ordinary shares upon admission.
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Sunda Energy plc (AIM: SNDA), the AIM-quoted exploration and appraisal company focused on oil & gas assets in the Asia-Pacific region, is pleased to confirm, further to the announcement made at 7.20 a.m. on 8 April 2026 (the "WRAP Announcement"), the result of its WRAP Retail Offer.
The Company announces that it has raised aggregate gross proceeds of approximately £404,780 pursuant to the WRAP Retail Offer. Accordingly, the Company will issue a total of 13,606,029 WRAP Retail Offer Shares at the Issue Price and 6,802,977 Warrants pursuant to the WRAP Retail Offer.
The WRAP Retail Offer is conditional on the passing of certain resolutions to be put to shareholders of the Company at a General Meeting, which is expected to be held on 29 April 2026 and the WRAP Retail Offer Shares being admitted to trading on AIM ("Admission"), further details of which are set out in the Acquisition Announcement. It is anticipated that Admission will become effective and that dealings in the WRAP Retail Offer Shares will commence on AIM, at 8.00 a.m. on 30 April 2026.
The grant of the Warrants is also conditional on the passing of certain resolutions at the General Meeting.
The WRAP Retail Offer Shares will be issued free of all liens, charges and encumbrances and will, on Admission, rank pari passu in all respects with the New Ordinary Shares to be issued pursuant to the Fundraising.
Unless defined in this announcement, all capitalised terms have the meaning ascribed to them in the WRAP 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.