Client NewsBeacon Energy plc: PrimaryBid Offer
Beacon Energy (AIM:BCE), the energy company seeking growth through acquisition or farm-in to interests in discovered upstream projects is pleased to announce, a conditional offer for subscription via PrimaryBid (the “PrimaryBid Offer”) of new Ordinary Shares no par value each in the Company (“Retail Shares”) . The Company also intends to conduct a placing of new Ordinary Shares (the “Placing Shares”) (the “Placing”) as announced on 16 December 2022. The price at which the Placing Shares are to be placed (the “Placing Price”) will be determined at the close of the Placing. The issue price for the Retail Shares will be equal to the Placing Price. As announced by the Company on 16 December 2022, the Company has entered into a conditional share purchase agreement relating to the purchase of the entire issued and to be issued capital of Rhein Petroleum GmbH (the “Acquisition”).
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