Sunda Energy (SNDA): Placing of 68% of the market value

This situation live

£13m · 1.5p · −44% since the first step

Dilutive fundraise

Placing of 68% of the market value

announced · went quiet

RaisePlacing · £5.775 million

Of market value68.3%

Discount45.5% to the last close

Reaction on the day−41%

Since Oct 2023: 301 situations of this kind – completed 77%, went quiet 23%; median share price -17% six months after they opened

Every step · 3

22 Sep 2026 announced · -41% on the day – Under the Retail Offer up to 35,000,000 New Ordinary Shares will be made available at a price of 1.5 pence per share. ↗
22 Sep 2026 announced · -41% on the day – The oversubscribed Fundraising announced today is a welcome endorsement of Sunda's repositioning as a full cycle E&P company. ↗
24 Sep 2026 announced – The Retail Offer was oversubscribed demonstrating the strong support from Sunda's retail shareholder base. ↗

What is happening

Sunda Energy: Placing of 68% of the market value – announced. ['announced']

In short: Sunda Energy is raising £5.775 million by placing, 68.3% of its market value, at a 45.5% discount; the shares moved −41% on the day.
Announced: 22 Sep 2026 · announced · -41% on the day
Latest: 24 Sep 2026 · announced · -2% on the day

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

From the company's own announcements. Not investment advice.

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