Mosman Oil and Gas announces retail offer for existing shareholders

LONDON - Mosman Oil and Gas Limited (AIM:MSMN), an exploration and production company in the hydrocarbon, helium, and hydrogen sectors, has announced a retail offer of new ordinary shares exclusively for its existing retail shareholders in the United Kingdom (TADAWUL:4280). The offer, which commenced at 11 am on Monday, is set to close by 4 pm on Friday, May 20, 2025.

The retail offer is separate from a concurrent placing of new ordinary shares, known as the Placing, and is conditional upon the Placing’s completion. The new shares offered are priced at 0.045p each and are expected to be admitted to trading on the AIM market operated by the London Stock Exchange (LON:LSEG) by 8 am on May 27, 2025.

Eligible Shareholders, defined as retail shareholders of the company residing in the UK and customers of participating financial intermediaries, have been given the opportunity to participate in the retail offer through CMC CapX following the announcement release. There is a minimum subscription requirement of £250 per investor, with terms and conditions provided by the relevant financial intermediaries.

The retail offer shares, upon issue, will rank equally with the existing ordinary shares of the company, including rights to dividends and other distributions declared after their date of issue. The company has emphasized that applications for shares are irrevocable once made and accepted via an intermediary.

The offer is part of a fundraising strategy that is exempt from the requirement to issue a prospectus under UK law, with the aggregate consideration for the retail offer shares not exceeding £300,000. The company has reserved the right to scale back orders at its discretion and to reject any application without giving reasons.

Investors are reminded that investing in the company involves risks and capital is at risk. The value of investments can fluctuate, and returns may be lower than the amount invested.

The announcement of the results of the retail offer is scheduled for 7 am on May 21, 2025. This retail offer is not extended to any jurisdictions outside the United Kingdom, and no offering document or prospectus will be submitted for approval in relation to the offer.

This news is based on a press release statement from Mosman Oil and Gas Limited.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.