10 January 2025
The
information contained within this announcement is deemed by the
Company to constitute inside information under the UK Market Abuse
Regulations. Upon the publication of this announcement via a
Regulatory Information Service, this inside information is now
considered to be in the public domain.
Global Petroleum
Limited
("Global" or "the
Company")
Result of Retail Offer
Global Petroleum Limited (LSE AIM: GBP)
is pleased to announce, further to its earlier announcement
of 7 January 2024, that it has conditionally raised £51,050 (before
expenses) via the conditional issue of 22,688,888 new ordinary shares in the capital of
the Company (the "Retail Offer
Shares") at a price of 0.225 pence per share (the
"Issue Price") pursuant to
its offer to its existing retail shareholders via CMC CapX (the
"Retail Offer").
The Retail Offer is conditional on the Retail
Offer Shares being admitted to trading on the AIM market operated
by the London Stock Exchange plc ("Admission"). Admission is expected to
take place at 8.00 a.m. on or around 16 January 2025.
Hamza Choudhry
CFO of Global Petroleum commented:
"We are
pleased to have conducted this Retail Offer to give our
shareholders the same opportunities as family offices and high net
worth individuals who partook in the capital raise. This offer
ensures their participation ahead of the expected exciting
developments in 2025, reflecting our commitment to include all
stakeholders in the company's growth."
Total voting
rights
Following Admission, the total issued share
capital of the Company will be 4,616,477,344 Ordinary Shares.
Accordingly, the figure of 4,616,477,344 is to be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to, their interest in the Company under the FCA's
Disclosure Guidance and Transparency Rules.
For
further information please visit: www.globalpetroleum.com.au or
contact:
Global Petroleum Limited
investors@glo-pet.com
Hamza Choudhry, CFO and Executive
Director
SPARK Advisory Partners Limited (Nominated
Adviser) +44 (0)
20 3368 3555
Andrew Emmott, Jade
Bayat
CMC
Markets (Joint Broker)
+44 (0) 20 3003 8632
Douglas
Crippen
SI
Capital Limited
+44 (0) 14 8341 3500
Nick Emerson
Tavistock (Financial PR & IR)
+44 (0) 20 7920 3150
Simon Hudson / Nick
Elwes
This announcement has been issued by
and is the sole responsibility of the Company.