Schedule One - Georgina Energy PLC | RNS | Ticker

Schedule One - Georgina Energy PLC

RNS Announcement

RNS Number : 7525R

AIM

08 July 2022

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Georgina Energy PLC ("Georgina Energy" or the "Company")

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES):

1 King Street

Office 3.05

London

England

EC2V 8AU

United Kingdom

COUNTRY OF INCORPORATION:

England and Wales

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

https://www.georginaenergy.com/ (AIM Rule 26 section will be available from Admission)

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Georgina Energy is an early-stage resource company with a strategy of actively pursuing the exploration, commercial development and monetisation of helium, hydrogen and hydrocarbon interests located in the Amadeus and Officer Basins in Northern and Western Australia. Georgina Energy has two principal onshore interests.

The first, the Mount Winter Prospect (exploration permit application 155 ("EP 155")), is located in the Amadeus Basin in Northern Australia, which the Company has a right to earn an initial 75 per cent interest in (with the potential to reach 90 per cent) by virtue of a farm-out agreement with Mosman Oil and Gas Limited ("Mosman"). Georgina in conjunction with Mosman are in the process of negotiating a native title agreement to allow for the grant of EP 155.

The second interest, the Hussar Prospect (special prospecting authority 36 ("SPA 36")), is 100 per cent owned by the Company and is located in the Officer Basin in Western Australia. The Hussar Prospect has a native title agreement in place and is currently the subject of an airborne audio electromagnetic survey, following the results of which the Company intends to, prior to September 2022, exercise its right to apply for an exploration permit over all or part of the area of SPA 36.

Both prospects have pre-existing seismically defined structural closures and independently verified recoverable resources.

The Company's main country of operation is Australia.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

Ordinary shares of 1p each - amount and issue price to be confirmed.

No shares held in treasury.

CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Capital to be raised on admission: TBC

Anticipated market capitalisation on admission: TBC

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

TBC

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:

None

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Anthony ("Tony") Robert Hamilton - Chief Executive Officer

Mark Anthony Wallace - Chief Financial Officer

John Phillip Heugh - Proposed Technical Director

Peter John Bradley - Proposed Independent Non-Executive Chairman

Robin ("Rob") Anthony Fryer - Proposed Independent Non-Executive Director

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Before Admission:

	Shareholding
Name	%
Westmarket Corporation Pty Ltd*	82.68
Mordale Super Pty Ltd**	0.26
Leaky Boat Super Pty Ltd***	0.26

*a company owned as to 50% by Anthony Robert Hamilton and 50% by Mark Anthony Wallace.

** Mark Anthony Wallace holds the entire issued share capital in Mordale Super Pty Ltd.

*** Anthony Robert Hamilton holds the entire issued share capital in Leaky Boat Super Pty Ltd.

After Admission:

To be confirmed

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

None

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 30 April

(ii) 31 October 2021

(iii) 31 October 2022; 31 January 2023; 31 October 2023;

EXPECTED ADMISSION DATE:

Late July 2022

NAME AND ADDRESS OF NOMINATED ADVISER:

Allenby Capital Limited

5 St Helen's Place

London

EC3A 6AB

NAME AND ADDRESS OF BROKER:

Optiva Securities Limited

49 Berkeley Square

London

W1J 5AZ

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

A copy of the admission document containing full details about the applicant and the admission of its securities will be available on the Company's website at https://www.georginaenergy.com/ from admission.

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

QCA Corporate Governance Code

DATE OF NOTIFICATION:

8 July 2022

NEW/ UPDATE:

New

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RNS metadata

Title: Schedule One - Georgina Energy PLC
Time: 08:00:06
Date: 8 Jul 2022
Category: Capital structure
ID: 7525R