JERSEY, Channel Islands - Serinus Energy plc (AIM:SENX, WSE:SEN), an oil and gas exploration company, has announced a retail offer to raise up to £0.25 million through the issuance of new ordinary shares. The offer, which commenced on Friday, is not part of the previously announced placing but is conducted alongside it, with both initiatives aimed at raising capital for the company's projects in Romania and Tunisia.
The retail offer involves up to 10 million shares at an issue price of 2.5 pence per share, representing a 2.40% discount to the 30-day volume-weighted average price as of December 11, 2024. The proceeds are intended for general working capital purposes.
This initiative is conditional upon shareholder approval at the upcoming General Meeting and the successful completion of the placing. The new ordinary shares are expected to be admitted to trading on the AIM market of the London Stock Exchange (LON:LSEG) on January 10, 2025.
Serinus Energy has expressed appreciation for its retail shareholder base in the United Kingdom (TADAWUL:4280), which has historically supported the company. The retail offer is available exclusively to these shareholders, with Shore Capital Stockbrokers Limited acting as the retail offer coordinator.
The retail offer opened on the morning of Friday and is scheduled to close on Monday afternoon, December 16, 2024. The results of the offer will be announced subsequently.
Investors interested in the retail offer should contact their brokers or wealth managers, who must be registered on the BookBuild Platform and agree to the terms and conditions. Any associated expenses will be borne by the intermediaries themselves, and investors are advised to confirm any potential fees before participating.
This news is based on a press release statement from Serinus Energy plc.
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