EMPYREAN ENERGY PLC

Pre-Annual General Meeting Information • Nov 13, 2024

National Storage Mechanism | Additional information

RNS Number : 0499M

Empyrean Energy PLC

13 November 2024

13 November 2024

Empyrean Energy Plc

("Empyrean" or the "Company")

Posting of Circular

Empyrean Energy plc ("Empyrean" or the "Company"), the oil and gas development company with interests in Indonesia and the United States, announces that the Circular to Shareholders in connection with the Proposed Fundraising and the Capital Reorganisation, including the Notice of General Meeting, is being posted to Shareholders today and will be available on the Company's website at  https://www.empyreanenergy.com/ .

As previously announced, the Fundraise and Capital Reorganisation are each conditional on, inter alia, shareholder approval of certain resolutions to be proposed at a general meeting of the Company to be held at the offices of the Cavendish at 1 Bartholomew Close, London, EC1A 7BL at 10.00 a.m. on Monday, 2 December 2024.

Admission, settlement and dealings

Application will be made for admission of the New Ordinary Shares (comprising 1,294,925,109 existing Ordinary Shares following the Capital Reorganisation, 530,000,000 Placing Shares, 665,768,332 Subscription Shares and 59,399,000 Retail Offer Shares) to trading on AIM, being the market of that name operated by the London Stock Exchange.

Admission is expected to take place at 8.00 a.m. on or around 3 December 2024.

Following Admission, the Company will have 2,550,092,441 New Ordinary Shares in issue. This figure may be used by shareholders of 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 under the FCA's Disclosure Guidance and Transparency Rules.

The New Ordinary Shares following the Capital Reorganisation will have the same rights as those currently accruing to the Existing Ordinary  Shares in issue, including those relating to voting and entitlement to dividends. The Placing Shares, Subscription Shares and Retail Offer Shares, when issued, will be fully paid and will rank pari passu in all respects with the New Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of issue.

Capitalised terms in this announcement shall have the same meaning as in the Circular.

For further information please visit  www.empyreanenergy.com  or contact the following:

Empyrean Energy plc	Tel: +61 (08) 6146 5325
Tom Kelly
Cavendish Capital Markets Limited (Nominated Advisor and Broker)	Tel: +44 (0) 207 220 0500
Neil McDonald Pearl Kellie
Novum Securities Limited (Joint Broker)	Tel: +44 (0) 207 399 9400
Colin Rowbury

EXPECTED TIMETABLE OF PRINCIPAL EVENTS
	2024
Announcement of the Fundraising and the Capital Reorganisation	6 November
Announcement of the result of Retail Offer	11 November
Posting and publication of the Circular	13 November
Latest time and date for receipt of completed Forms of Proxy or electronic proxy appointments for use at the General Meeting	10.00 a.m. on 28 November
General Meeting	10.00 a.m. on 2 December
Announcement of the result of the General Meeting	2 December
Capital Reorganisation Record Date	6.00 p.m. on 2 December
Admission effective and commencement of dealings in the New Ordinary Shares on AIM	8.00 a.m. on 3 December
New Ordinary Shares credited to CREST stock account	3 December
Despatch of definitive share certificates in respect of New Ordinary Shares to be issued in certificated form	by 16 December

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 rns@lseg.com 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.

END

CIRGPGGAGUPCUQW