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On 20 March 2026, Corcel PLC announced an application for the admission of 900,000,000 Placing Shares to trading on AIM, following a £3.6 million fundraising at a Placing Price of £0.004. Admission is expected on or around 24 March 2026. Following this, the company's total issued share capital will consist of 9,415,475,996 Ordinary Shares.
| Date | 20 Mar 2026 |
| Time | 07:00:07 |
| Category | Capital structure |
| ID | 3996X |
Corcel PLC
("Corcel" or the "Company")
Total Voting Rights
20 March 2026
Corcel Plc (London AIM: CRCL), the Angola-Brazil focused energy company, announces that, pursuant to the fundraising of £3.6m at a Placing Price of £0.004 announced on 19 March 2026, application will be made for 900,000,000 Placing Shares to be admitted ("Admission") to trading on AIM and it is expected that Admission will occur on or around 24 March 2026.
Following Admission, the Company's total issued share capital will consist of 9,415,475,996 Ordinary Shares, with one voting right per Ordinary Share. The Company does not hold any Ordinary Shares in treasury. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.
For further information, please contact:
Scott Gilbert
Corcel Plc, CEO & Director
Melissa Byeon
Corcel Plc, Public Relations Officer
James Joyce / James Bavister / Andrew de Andrade
Zeus, NOMAD & Broker
020 3829 5000
Jonathan Wright / Rupert Holdsworth Hunt
Auctus Advisors LLP, Joint Broker
07711 627449
About Corcel
Corcel has a notable oil and gas portfolio in onshore Angola that includes brownfield redevelopment opportunities and significant exploration upside. Corcel marked a new country entry into Brazil through the option to acquire rights to producing gas and exploration assets, further diversifying its portfolio and enhancing its growth potential.
Corcel's Angola portfolio consists of interests in three licenses:
· KON - 16 upon completion: operated - 80% working interest - 71.5% net to CRCL
· KON - 11 Non-Operated - 20% working interest - 18% net to CRCL
· KON - 12 Non-Operated - 25% working interest - 22.5% net to CRCL
Corcel's Battery Metals portfolio consists of an 80% working interest in the Mt Weld Rare Earth Elements project in Western Australia.