Apertura Energy Plc (VZLA): Venezuelan energy strategic transition
This situation live
VZLA Apertura Energy Plc
27 Apr 2026 · Proposed; shareholder and FCA/JFSC approvals pending · −3% until the next step
Completion of the Proposed Fundraise and change of the Company's name remain conditional on approval by shareholders of the Company of the requisite resolutions at a general meeting.
30 Apr 2026 · Proposed; general meeting to be scheduled · +36% until the next step
The proposed recapitalisation will remain subject to a general meeting of the Company to be scheduled in due course.
27 May 2026 · New Gilbert-led board in place; approvals pending · +210% until the next step
Mr Williams will continue to work with Scott and Greig in the delivery of the Company's new Venezuelan energy strategy.
11 Aug 2026 · Non-binding heads of terms; exclusivity agreed · +0% until the next step
Conterp valued at £25 million on a cash free, debt free basis
30 Sep 2026 · Shares suspended pending prospectus · +0% since
Completion of the Proposed Acquisition is subject to a number of conditions, including satisfactory due diligence, the availability of financing, the publication of an FCA-approved prospectus and shar
Venezuelan energy strategic transition
Shares suspended pending prospectus
Next: prospectus publication or confirmation deal not proceeding
Every step · 5
- 27 Apr 2026 Proposed; shareholder and FCA/JFSC approvals pending – Completion of the Proposed Fundraise and change of the Company's name remain conditional on approval by shareholders of the Company of the requisite... ↗
- 30 Apr 2026 Proposed; general meeting to be scheduled – The proposed recapitalisation will remain subject to a general meeting of the Company to be scheduled in due course. ↗
- 27 May 2026 New Gilbert-led board in place; approvals pending – Mr Williams will continue to work with Scott and Greig in the delivery of the Company's new Venezuelan energy strategy. ↗
- 11 Aug 2026 Non-binding heads of terms; exclusivity agreed – Conterp valued at £25 million on a cash free, debt free basis ↗
- 30 Sep 2026 Shares suspended pending prospectus – Completion of the Proposed Acquisition is subject to a number of conditions, including satisfactory due diligence, the availability of financing, the... ↗
What is happening
Apertura Energy Plc: Venezuelan energy strategic transition – Shares suspended pending prospectus. ['Shares suspended pending prospectus']
- Announced
- 27 Apr 2026 · Proposed; shareholder and FCA/JFSC approvals pending
- Latest
- 30 Sep 2026 · Proposed; conditions outstanding, no binding agreement
- Why
- Acquire proven operational capability, rigs and teams to support executing the strategy of becoming an E&P company in Venezuela.
- Value
- £25.0m · 117% of market value – Conterp valuation, cash free debt free, 50% in new shares and 50% in cash
- Seller
- Conterp Group Plc
- The business
- Profitable · Conterp LTM to June 2026: unaudited revenue £26.4m, unaudited adjusted EBITDA £3.9m
- What it changes
- The April funding has eased going-concern pressure, with cash of £1.17m. The story still hinges on the conditional, non-binding Conterp deal and the £30m raise while the shares stay suspended.
What comes next
prospectus publication or confirmation deal not proceeding.
Briefing Pro
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Also at Apertura Energy Plc 2 open
Balance-sheet stress / refinancingGoing concern material uncertainty – Directors now see adequate resources after April raise
Dilutive fundraiseConcurrent placing up to £30m – Still proposed, conditional on acquisition
Apertura Energy Plc – company page →