Beacon Energy plc aims to raise up to £250,000 via a retail offer, through the issue of new ordinary shares of nil par value each in the company, to help fund an interest in the Colle Santo gas field, Italy.
TRADING
The retail offer, at a price of 3.9 pence per ordinary share, is part of the proposed £3.5 million fundraise, announced in October 2025.
The company, which is currently a cash shell with its shares suspended from trading, signed a share purchase agreement in October 2025 with investor Reabold Resources plc, which owns 46.2% in LNEnergy Ltd.
LNEnergy manages and owns 100% of Italian company LNE Srl, which has a 90% interest in Colle Santo.
Beacon aims to issue an admission document on or around 12 February, followed by admission to trading on or around 27 February 2026.
A final investment decision on the project is expected in mid-2026, with first gas in late 2027.