AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
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SWE
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IND
POL
BRA
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RUS
CHN
UAE
Highlights
- Retail Offer Details: Global Petroleum offers existing retail shareholders the chance to purchase new shares at 0.225p via CMC CapX.
- Placing Announcement: The Retail Offer is separate from the Placing but both are part of a broader fundraising initiative.
- Admission Timeline: Fundraising Shares are expected to begin trading on AIM on January 16, 2025.
Global Petroleum Limited (LSE:GBP) has announced a Retail Offer, providing its existing retail shareholders in the UK the opportunity to acquire new ordinary shares (Retail Offer Shares) in the company at a price of 0.225p per share. This initiative aims to strengthen the company’s engagement with its retail shareholder base.
The Retail Offer is being conducted via CMC CapX and runs parallel to a separate share placement (the Placing), with both offerings forming part of Global Petroleum's broader fundraising efforts. However, the Retail Offer is distinct and does not constitute a part of the Placing.
Fundraising Details
The combined fundraising initiatives, consisting of Retail Offer Shares and Placing Shares, are conditional on the admission of these new shares to trading on the AIM market of the London Stock Exchange. Admission is scheduled for 8:00 a.m. on January 16, 2025. Completion of the Retail Offer is contingent on the successful completion of the Placing.
Supporting Retail Shareholders
Global Petroleum emphasizes the importance of its retail shareholder community, recognizing their contributions to the company’s growth. By offering the Retail Offer via participating financial intermediaries, the company ensures that retail investors have the opportunity to participate on the same terms as institutional investors in this fundraising effort.
