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LONDON - Mast Energy Developments PLC (LSE:MAST), a UK-based flexible power generation company, announced Monday it has received notices for the exercise of prepaid warrants for 2,155,000 ordinary shares at a price of 4 pence per share.
The warrants were issued as part of an equity fundraise announced on July 11, 2025. The new shares are expected to be admitted to trading on the London Stock Exchange on September 3, 2025, and will rank equally with existing ordinary shares.
Following the admission of the new shares, the company’s issued share capital will consist of 16,903,927 ordinary shares with voting rights. This figure may be used by shareholders as the denominator for calculations to determine if they need to notify changes in their interest in the company under regulatory disclosure rules.
The company also reported that following the admission, Paul Venter, non-executive director and chairman, will see his beneficial holding change from 13.28% to 11.59% of the issued share capital. Additionally, Riverfort Global Opportunities PCC Ltd’s holding will decrease from 11.56% to 10.09%.
Mast Energy Developments describes itself as a multi-asset owner, developer, and operator in the flexible generation power market. The announcement was made in accordance with UK Market Abuse Regulation requirements, according to the company’s press release statement.
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