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THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE UK VERSION OF THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").
Afentra plc ("Afentra" or the "Company") (AIM: AET), an upstream oil and gas company focused on acquiring production and development assets in Africa, is pleased to confirm, further to the announcement made on 4 June 2026, the result of the WRAP Retail Offer. The WRAP Retail Offer was oversubscribed, demonstrating strong support from the company's retail shareholder base and new investors.
The Company announces that it has raised gross proceeds of £2 million pursuant to the WRAP Retail Offer, alongside the previously announced Placing. Accordingly, the Company will issue a total of 2,985,074 WRAP Retail Offer Shares at the Issue Price.
In total, the Placing has raised gross proceeds of approximately US$40 million for the Company, via the Placing of 22,615,600 Firm Placing Shares and 21,699,640 Conditional Placing Shares. The WRAP Retail Offer has raised £2 million (US$2.7 million) via the issue of 2,985,074 WRAP Retail Offer Shares.
The WRAP Retail Offer and the Conditional Placing are conditional on admission to trading on AIM ("Second Admission"). The Company intends to convene a shareholder meeting, expected to be held on or around 25 June 2026, to approve the allotment of the Conditional Placing Shares and the WRAP Retail Offer Shares. Afentra will publish a Notice of General Meeting, setting out the resolutions requiring approval, on or around 9 June 2026.
Further information on the Company can be found on its website at afentraplc.com
This announcement should be read in its entirety. In particular, the information in the "Important Notices" section of the announcement should be read and understood.
The person responsible for arranging the release of this Announcement on behalf of the Company is Hamish McArdle, Company Secretary.