THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF
INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE
INFORMATION WITHIN THE MEANING OF (A) ARTICLE 7(1) OF UK MAR IN SO
FAR AS IT RELATES TO ORDINARY SHARES ISSUED BY GEORGINA ENERGY
PLC
18 November 2024
Georgina
Energy plc
("Georgina", "Georgina Energy" or the "Company")
Operational
Update
Exercise of Warrants
The Company has received notice from
CSS ALPHA FUND AIFLNP V.C.I.C. LTD ("CSS Alpha") to exercise
6,358,848 warrants for nil consideration following the recent
resource upgrade reported on 17 October 2024 being a condition of
their issue. The terms of the warrants were further detailed in the
Company Prospectus dated 11 July 2024.
The Warrants were originally issued
to CSS Alpha for providing an extension to a bridging loan in the
2024 financial year. Upon conversion, the shares are subject to a
lock-in until January 2025.
Admission
The Company will seek admission of
6,358,848 new Ordinary Shares to trading on the Equity (transition)
category of the Official List and the London Stock Exchange from
8.00 a.m. on 21 November 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 97,027,696 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.
END
Enquiries
Georgina Energy
Tavira Financial Ltd - Financial
Adviser and Joint Broker
Oak Securities - Joint
Broker
Financial PR via
georginaenergy@apcoworldwide.com
|
Violet Wilson
|
+44 (0)203 757 4980
|
|
Letaba Rimell
|
|
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.
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 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