Result of WRAP Retail Offer
Sunda Energy plc has successfully raised £525,000 in gross proceeds from its oversubscribed WRAP Retail Offer, issuing 35,000,000 Retail Offer Shares at 1.5 pence each. This retail component, combined with the Placing and Subscription, brings the total gross proceeds raised to £5.775 million. The issuance of these Retail Offer Shares is contingent upon shareholder approval at a General Meeting on October 8, 2026, with dealings expected to commence on AIM on October 12, 2026.
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Sunda Energy plc (AIM: SNDA), the AIM-quoted exploration and appraisal company focused on hydrocarbon assets in the Asia-Pacific region, is pleased to confirm, further to the announcement made at 7.01 a.m. on 22 September 2026 (the "Retail Offer Announcement"), the result of its Retail Offer at the Issue Price of 1.5 pence per share.
The Company announces that it has conditionally raised aggregate gross proceeds of £525,000 pursuant to the Retail Offer. Accordingly, the Company will issue a total of 35,000,000 Retail Offer Shares at the Issue Price pursuant to the terms of the Retail Offer. The Retail Offer was oversubscribed demonstrating the strong support from Sunda’s retail shareholder base.
In total, the Placing, Subscription and the Retail Offer have raised gross proceeds of £5.775 million for the Company, via the Placing and Subscription of 350,000,000 Placing and Subscription Shares and the 35,000,000 Retail Offer Shares.
The Retail Offer is conditional upon, inter alia, the passing of certain resolutions to be put to shareholders of the Company at a General Meeting to be held on 8 October 2026, and the Retail Offer Shares being admitted to trading on AIM ("Admission"). A circular containing the Notice of General Meeting (the "Circular") was despatched to Shareholders on 22 September 2026. The Circular is available on the Company's website at https://sundaenergy.com/.
It is anticipated that Admission will become effective and that dealings in the Retail Offer Shares will commence at 8.00 a.m. on 12 October 2026. A further announcement will be issued following the General Meeting.
The 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 same meaning ascribed to them in the Retail Offer Announcement.
The Company's LEI is 213800MBSOS9UZ5SW712.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.