Reabold Resources PLC Conversion of Loan Notes
2024年10月24日 - 3:00PM
RNS Regulatory News
RNS Number : 3196J
Reabold Resources PLC
24 October 2024
24 October 2024
Reabold Resources
plc
("Reabold" or the
"Company")
Conversion of Loan
Notes
Reabold Resources plc, the investing
company focussed on developing strategic gas projects for European
energy security, is pleased to announce that, pursuant to a loan
note instrument dated 26 March 2024, and as disclosed in Note 27 of
the Company's 2023 Annual Report and Accounts, it has converted
£510,236.28 of the convertible loan notes, including accrued
interest, into 36 ordinary shares of LNEnergy Limited ("LNEnergy")
at a conversion price of £14,173.23 per share. Following this
conversion, Reabold will hold approximately 29.2% of LNEnergy's
enlarged share capital.
LNEnergy is the manager and owner of
a 20% interest in LNEnergy S.R.L. ("LNEnergy SRL"), the Italian
company which has applied for the Colle Santo gas field concession
(with a 90% interest), and has an option to acquire the remaining
80% interest in LNEnergy SRL on or before 1 February 2025 (the
"Option"), with an exercise price of US$11 million.
The Colle Santo gas field is a
highly material gas resource with an estimated 65Bcf of 2P
reserves1, with two production wells already drilled and
flow-tested, making the field development ready. LNEnergy believes
that the field has the potential to generate an estimated €11-12m
of gross post-tax free cash flow per annum.
1 RPS estimate, September
2022
For further information,
contact:
Reabold Resources plc
Sachin Oza
Stephen Williams
|
c/o Camarco
+44 (0) 20 3757 4980
|
Cavendish - Broker and Nominated
Adviser
Neil McDonald
Pearl Kellie
|
+44 (0) 20 7220
0500
|
Camarco
Billy Clegg
Rebecca Waterworth
Sam Morris
|
+44 (0) 20 3757 4980
|
Notes to Editors
Reabold Resources plc has a
diversified portfolio of exploration, appraisal and development oil
& gas projects. Reabold's strategy is to invest in low-risk,
near-term projects which it considers to have significant valuation
uplift potential, with a clear monetisation plan, where receipt of
such proceeds will be returned to shareholders and re-invested into
further growth projects. This strategy is illustrated by the recent
sale of the undeveloped Victory gas field to Shell, the proceeds of
which are being returned to shareholders and
re-invested.
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END
CONQKNBKKBDDDKB
Reabold Resources (LSE:RBD)
過去 株価チャート
から 11 2024 まで 12 2024
Reabold Resources (LSE:RBD)
過去 株価チャート
から 12 2023 まで 12 2024