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LONDON - Empyrean Energy PLC (AIM:EME) has successfully concluded its retail offer, raising a total of approximately £661,122, as per the company’s latest announcement. The retail offer, facilitated by CMC CapX, closed on Monday with the issue of 67,913,333 new ordinary shares at a price of 0.09p each.
This fundraising comes in addition to the £600,000 the company secured before costs through the issuance of 666,666,667 placing shares, as previously announced on April 28, 2025. The combined proceeds from the placing and the retail offer amount to the aforementioned total.
The new ordinary shares issued under the retail offer are expected to be admitted to trading on the AIM market of the London Stock Exchange (LON:LSEG) on May 8, 2024. Post-admission, Empyrean Energy’s total issued share capital will consist of 4,469,672,441 ordinary shares. This figure is relevant for shareholders who need to disclose their interest or any change to their interest in the company’s shares in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The retail offer was limited to certain UK residents, specifically to existing members of Empyrean Energy PLC, in accordance with Article 43 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended.
The announcement made today is based on a press release statement and contains information that is considered inside information for the purposes of Regulation (EU) 596/2014 as it forms part of domestic law in the United Kingdom (TADAWUL:4280) by virtue of the EU (Withdrawal) Act 2018. The company has not provided further details on the specific use of the proceeds from the retail offer.
Investors interested in Empyrean Energy PLC can find more information about the company on its website. The company’s share performance and further announcements can be tracked on the London Stock Exchange news service provided by RNS, which is approved by the Financial Conduct Authority in the UK.
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