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PENNPETRO ENERGY PLC

Share Issue/Capital Change Aug 1, 2024

4992_rns_2024-08-01_a5d1ece5-32ec-45fe-aad7-ea33c3e35943.html

Share Issue/Capital Change

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National Storage Mechanism | Additional information

RNS Number : 7625Y

Pennpetro Energy PLC

01 August 2024

1 August 2024

Pennpetro Energy plc

(" Pennpetro " or "the Company")

Placing

Pennpetro is pleased to announce that it has it has raised £360,000 by way of a placing ("Placing") of 6,000,000 new ordinary shares at a price of 6 pence per share ("Placing Shares").  The Placing was conducted by the Company's corporate broker, Peterhouse Capital Limited.

Application will be made for admission of the Placing Shares to listing following the Company's ordinary shares return from suspension. The Placing is only conditional upon the issue of the Placing Shares.

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310).

For further information contact, or follow us on X @pennpetro:

Pennpetro Energy PLC:

Tom Evans, CEO

 David Lenigas, Chairman
[email protected]

 +44 (0) 7881825378

[email protected]
Peterhouse Capital Limited

Flagstaff Strategic and Investor Communications

Tim Thompson

Alison Allfrey

Anna Probert
+44 (0) 20 7469 0930

+44 (0) 20 7220 9797

+44(0) 207 129 1474

[email protected]

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

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