Global Petroleum has announced that, further to its earlier announcement of 7 January 2024, it has conditionally raised £51,050 (before expenses) via the conditional issue of 22,688,888 new ordinary shares in the capital of the Company (the 'Retail Offer Shares') at a price of 0.225 pence per share (the 'Issue Price') pursuant to its offer to its existing retail shareholders via CMC CapX (the 'Retail Offer').
The Retail Offer is conditional on the Retail Offer Shares being admitted to trading on the AIM market operated by the London Stock Exchange. Admission is expected to take place at 8.00 a.m. on or around 16 January 2025.
Hamza Choudhry CFO of Global Petroleum commented: 'We are pleased to have conducted this Retail Offer to give our shareholders the same opportunities as family offices and high net worth individuals who partook in the capital raise. This offer ensures their participation ahead of the expected exciting developments in 2025, reflecting our commitment to include all stakeholders in the company's growth.'
Source: Global Petroleum
