1 August 2024
Pennpetro Energy plc
("Pennpetro" or "the Company")
Placing
Pennpetro is pleased to announce that it has it has raised £360,000 by way of a placing ("Placing") of 6,000,000 new ordinary shares at a price of 6 pence per share ("Placing Shares"). The Placing was conducted by the Company's corporate broker, Peterhouse Capital Limited.
Application will be made for admission of the Placing Shares to listing following the Company's ordinary shares return from suspension. The Placing is only conditional upon the issue of the Placing Shares.
This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310).
For further information contact, or follow us on X @pennpetro:
| Pennpetro Energy PLC: Tom Evans, CEO David Lenigas, Chairman | +44 (0) 7881825378 lenigas@monaco-capital.com |
| Peterhouse Capital Limited
Flagstaff Strategic and Investor Communications Tim Thompson Alison Allfrey Anna Probert | +44 (0) 20 7469 0930 +44 (0) 20 7220 9797
+44(0) 207 129 1474 pennpetro@flagstaffcomms.com |
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