Empyrean Energy launches retail offer for existing shareholders

LONDON - Empyrean Energy PLC (AIM:EME) has announced a retail offer of new ordinary shares, exclusively targeting its current retail shareholder base in the United Kingdom (TADAWUL:4280). The energy company is offering up to £150,000 or 16,666,667 new shares at a price of 0.09p each, through the CMC CapX platform.

This retail offer is part of a broader fundraising initiative that includes a separate placing of new ordinary shares aimed at raising gross proceeds of £600,000. The retail offer is distinct from the placing and is conditional upon its completion as well as the admission of the retail offer shares to trading on the AIM market of the London Stock Exchange (LON:LSEG). The expected admission date is on or around May 8, 2025.

Eligible shareholders, defined as retail shareholders of Empyrean Energy residing in the United Kingdom and customers of participating financial intermediaries, can participate in the offer. The offer opened today and is set to close by 4.00 p.m. on April 30, 2025, subject to the company’s right to close it earlier. Financial intermediaries may impose earlier closing times.

The minimum subscription per investor is set at £250. The terms and conditions of the subscription, including commission or fee charges, will be provided by the financial intermediaries involved. The company reserves the right to scale back orders at its discretion and to reject any application without providing a reason.

Once issued, the retail offer shares will rank equally with the existing ordinary shares, including rights to dividends and other distributions declared after the date of issue. It is important to note that applications, once accepted via an intermediary, are irrevocable.

Empyrean Energy’s retail offer is in accordance with UK regulations, exempting the company from the requirement to publish a prospectus. The offer is not being made in any jurisdiction outside the United Kingdom.

Investors are reminded that an investment in the company carries risks and the value of investments can go down as well as up. Past performance is not indicative of future results, and the company advises investors to seek independent advice if in doubt.

This announcement is based on a press release statement and contains no promotional content. It aims to inform investors about Empyrean Energy’s latest fundraising efforts and the opportunity for existing retail shareholders to increase their stake in the company.

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