19
September 2024
Georgina
Energy plc
("Georgina", "Georgina Energy" or the "Company")
Issue of Ordinary
Shares
Issue of Equity
Georgina Energy announced that today
it has issued 580,000 new ordinary shares of 5p ("New Ordinary
Shares") at an issue price of 12.5p per ordinary shares in lieu of
services provided to the Company.
The Company will seek admission of
the New Ordinary Shares to trading on the Equity (transition)
category of the Official List and the London Stock Exchange at 8.00
a.m. on 25 September 2024 ("Admission").
Total Voting Rights
In accordance with the FCA's
Disclosure Guidance and Transparency Rules, the Company confirms
that following Admission, the Company's enlarged share capital will
comprise 90,668,396 Ordinary Shares. The Company does not hold any
Ordinary Shares in Treasury. Therefore, following Admission, the
above figure may be used by shareholders in the Company as the
denominator for the calculations to determine if they are required
to notify their interest in, or a change to their interest in the
Company, under the FCA's Disclosure Guidance and Transparency
Rules.
Issue of Warrants
The Company has granted 1,286,366
warrants exercisable at 15.625p for a period of 2 years.
END
Enquiries
Georgina Energy
Tavira Financial Ltd - Financial
Adviser and Joint Broker
Oak Securities - Joint
Broker
Notes to Editors
Georgina Energy aims to become a
leading player in the global energy market and is focused on
establishing itself among the top producers of helium and hydrogen
worldwide. With a strategic approach and leveraging the experienced
management team's expertise, Georgina Energy aims to capitalize on
opportunities in these critical energy sectors.
The projects benefit from
established infrastructure and a reliable supply chain, offering
significant resource potential through low-risk, cost-effective
drilling projects.
Georgina Energy has two principal
onshore interests held through its wholly owned Australian
subsidiary, Westmarket O&G. The first, the Hussar
Prospect is located in the Officer Basin in Western Australia and
Westmarket O&G holds a 100% working interest in the exploration
permit. The second, the EPA155 Mt Winter Prospect, is located
in the Amadeus Basin in the Northern Territory, which Georgina
Energy has a right to earn an initial 75 per cent. interest in
(with the potential to reach 90 per cent.).
In line with market demand trends,
Georgina Energy is well-positioned to capitalize on the growing gap
between supply and demand for hydrogen and helium with the resource
potential of EPA155 Mt Winter and EP513 Hussar projects for their
potential accumulations.
For more information
visit https://www.georginaenergy.com
