Pennpetro Energy PLC Placing

RNS Number : 7625Y

Pennpetro Energy PLC

01 August 2024

1 August 2024

Pennpetro Energy plc

("Pennpetro" or "the Company")

Placing

Pennpetro is pleased to announce that it has it has raised £360,000 by way of a placing ("Placing") of 6,000,000 new ordinary shares at a price of 6 pence per share ("Placing Shares"). The Placing was conducted by the Company's corporate broker, Peterhouse Capital Limited.

Application will be made for admission of the Placing Shares to listing following the Company's ordinary shares return from suspension. The Placing is only conditional upon the issue of the Placing Shares.

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310).

For further information contact, or follow us on X @pennpetro:

Pennpetro Energy PLC:

Tom Evans, CEO

David Lenigas, Chairman

tme@pennpetroenergy.com

+44 (0) 7881825378

lenigas@monaco-capital.com

Peterhouse Capital Limited

Flagstaff Strategic and Investor Communications

Tim Thompson

Alison Allfrey

Anna Probert

+44 (0) 20 7469 0930

+44 (0) 20 7220 9797

+44(0) 207 129 1474

pennpetro@flagstaffcomms.com

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Pennpetro Energy (LSE:PPP)
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