Prospex Energy plc (AIM:PXEN), the investment company focused on European gas and power projects, is pleased to confirm, further to the announcements made at 6:10pm on Monday 5 August 2024, that the 'WRAP' Retail Offer is still open for subscription at the Issue Price of 6 pence per share until at 5:00 pm today. Purchasing shares through the WRAP Retail Offer, rather than on market where the current price is approximately the same as the Issue Price, increases the cash resources available to the Company to pursue its strategy.
The Company reserves the right to extend or increase the WRAP Retail Offer subject to demand. A minimum subscription of £100 exists for the WRAP Retail Offer. Prospective investors will find full details of the WRAP Retail Offer in the Company's 6.10pm Monday 5 August 2024 announcement.
The gross proceeds from the Fundraise will allow Prospex to acquire a minimum of 7% of HEI. Further funds secured may allow Prospex to increase its share in the Viura gas field.
Mark Routh, Prospex's CEO, commented:
"I am very pleased that we are seeing continued support for the Company's plan to acquire and possibly increase its stake in the Viura gas field in northern Spain. By subscribing to the WRAP Retail Offer subscribers will facilitate the growth of Prospex and contribute to increasing the size and stature of the Company."
