Strategic investor joins Colle Santo project

Beacon Energy PLC

30 June 2026

 

30 June 2026

Beacon Energy plc

("Beacon Energy" or the "Company")

Strategic investor joins Colle Santo project

Beacon Energy (AIM:BCE) is pleased to announce that a leading Italian energy distribution company (the "Investor") has subscribed for new shares in LNEnergy Italy for consideration of €1.4 million. As a result, the Investor will hold approximately 10 per cent shareholding in LNEnergy Italy with the remaining 90 per cent held by LNEnergy Limited.

Simultaneously, LNEnergy Italy has increased its working interest in the Colle Santo project from 90 per cent to 100 per cent, fully consolidating the project's ownership, through an agreement with the existing partner to withdraw from the licence.

Beacon holds its interest in the Colle Santo project indirectly through LNE IOM Limited and LNEnergy Limited, as further described in the Notes to Editors below.

The Colle Santo project provides investors with significant exposure to European gas prices. RPS Energy Limited calculate an NPV10 of €37.6m (at €40/MWh) and €52.9m (at €50/MWh) attributable to Beacon's 42.3 per cent indirect economic interest in the project, assuming the Second Acquisition is completed (the 'Second Acquisition', as defined in Beacon's Admission Document of 17 February 2026). These figures highlight the value that could be unlocked as the Company progresses towards production.

Stewart MacDonald, Chief Executive Officer of Beacon Energy, commented:

"The introduction of a large industrial player with over a century of energy sector expertise in Italy to the shareholder base of LNEnergy Italy further validates the quality of the Colle Santo project and strengthens the financial backing for the project.

These transactions, when taken together, maintain Beacon's 43.2 per cent indirect economic interest in the project (assuming the Second Acquisition is completed) while providing additional capital for the project.

With the VIA approval in August 2025 and the full EIA approval in January 2026, LNEnergy Italy remains fully focused on securing the Production Concession award in the coming months. We have a clear and active pipeline of milestones ahead and look forward to keeping shareholders updated on our progress."

Enquiries:

Beacon Energy plc Stewart MacDonald (CEO)	[phone]
Strand Hanson Limited (Financial and Nominated Adviser) Rory Murphy / James Bellman / Edward Foulkes	[phone]
Burson Buchanan (Financial PR) Barry Archer	[phone]
Tennyson Securities Limited (Broker) Peter Krens	[phone]

Notes to Editors

Beacon holds its interest in the Colle Santo project through LNE IOM Limited, in which the Company holds a 49 per cent shareholding. LNE IOM Limited's shareholding in LNEnergy Limited is approximately 48 per cent (equivalent to 43.2 per cent indirect economic interest in Colle Santo). Under the terms of the transaction agreed with Reabold Resources plc (as announced on 7 October 2025 and as set out in the Admission Document of 17 February 2026), Beacon's shareholding in LNE IOM Limited will increase to 100 per cent following the satisfaction of certain conditions, including the award of the Production Concession, expected in Q3 2026 (the "Second Acquisition" as defined in the Admission Document).

 

END