Reabold Resources, the investing company focussed on developing strategic gas projects for European energy security, has announced that, through participation in a rights issue, it has increased its interest in LNEnergy by a further 1.2% through the subscription for 128 new ordinary shares at a price of £1,200 per share, with total cash consideration of £153,600. This will take Reabold's total shareholding to approx. 47.4% of LNEnergy's enlarged share capital.
LNEnergy's 100% owned subsidiary, LNEnergy S.r.l, is the Italian company that has a 90% interest in the Colle Santo gas field in the Abruzzo region of Italy, a highly material gas resource with an estimated 65Bcf of 2P reserves(1).
As announced on 7 October 2025, Reabold has entered into a binding, conditional agreement with Beacon Energy, for Beacon to acquire all of Reabold's interest in LNEnergy. The first phase of this acquisition, in which Beacon will initially acquire approximately 49% of Reabold's holding in LNEnergy, is anticipated to complete in November 2025.
Source: Reabold Resources
