Beacon Energy plc has completed its initial investment in the Colle Santo gas field in the Abruzzo region, Italy. REABOLD The company now holds an approximate 24% indirect interest in LNEnergy, whose subsidiary owns the field. Subject to receiving a production concession, Beacon will acquire a further 24% indirect interest, for a total 48%, which is […]
Tag: Beacon Energy plc
Beacon shares issue approved for Colle Santo
Beacon Energy plc shareholders have approved the issue of 106,278,360 shares, in connection with the company’s investment in the Colle Santo gas field in the Abruzzo region of Italy. DIRECTORS The figure includes new ordinary shares from earlier fundraises, first acquisition consideration shares, Reabold Resources plc subscription shares, director subscription and fee shares. On admission, […]
Beacon prepares for vote on Colle Santo deal
Beacon Energy plc said it had published its admission document, dated 17 February, in connection with its proposed purchase of an interest in the Colle Santo gas field in Italy. SHAREHOLDERS The company’s share purchase agreement with Reabold Resources plc will result in an investment in LNEnergy Ltd, which owns 90% of the project. In […]
Beacon raises £56,000 via retail offer
Beacon Energy plc conditionally raised approximately £56,180, less than a quarter of the £250,000 target, via a retail offer. COLLE SANTO The company will issue of 1,440,519 new ordinary shares, at the issue price of 3.9 pence per share, subject to shareholder approval at a general meeting scheduled for 4 March 2026. Net proceeds will […]
Beacon to raise £250,000
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 […]
Beacon on course to restart trading
Beacon Energy plc was today on course to complete a share consolidation on a one-to-every-1,000 share basis, ahead of the restart of trading. LOAN Following the capital reorganisation, the company’s current issued share capital of 18,511,679,620 ordinary shares will reduce to 18,511,680, each with one voting right. Listing and trading of Beacon shares on AIM […]