Results of GM

Energy B plc

15 July 2026

 

15 July 2026

energy B plc

("energy B" or "The Company")

Results of General Meeting, Approval of Acquisition and Director Dealings

energy B plc (AQSE: NRGB) is pleased to announce that all resolutions proposed at the General Meeting held on 15 July 2026 ("GM") were duly passed.

Approval of Acquisition

On the 12^th of June 2026 the Company announced that it had entered into a share purchase agreement with London listed UK Oil & Gas PLC to conditionally acquire, for the total cash consideration of £1 million (the "Acquisition"), (i) their 100% subsidiary UKOG (137/246) Ltd ("UKOG 137") and (ii) their 77.9% shareholding in Horse Hill Developments Ltd ("HHDL"). The resolution to approve the Acquisition was duly passed by shareholders at the GM, and the Company will now continue to work towards satisfying the various conditions precedent to the Acquisition.

Director Subscription and Grant of Options

Among the resolutions proposed to the shareholders at the GM was the approval of director subscriptions and grants of options. Following the passing of the resolutions, the directors will subscribe for an aggregate of 529,133 new ordinary shares ("Subscription Shares") and be granted with an aggregate of 4,000,000 options over shares ("Options"). Details of individual director subscriptions and grants of Options are in the tables below.

Director Subscription:

Director	Holding prior to the dealing		No. of Subscription Shares	Holding immediately following the dealing
	No. of shares held	%		No. of shares held	%
David Lenigas	135,000	1.1	349,133	484,133	3.79
Neil Ritson	84,800	0.69	90,000	174,800	1.37
Jonathan Colvile	43,800	0.36	90,000	133,800	1.05

Director Options:

The Options will vest in four tranches based on the trading price of the ordinary shares achieving the following prescribed share prices.

Director	Total options	Tranche 1	Tranche 2	Tranche 3	Tranche 4
Vesting share price*		£0.18	£0.25	£0.40	£0.70
David Lenigas	1,800,000	450,000	450,000	450,000	450,000
Neil Ritson	1,800,000	450,000	450,000	450,000	450,000
Jonathan Colvile	400,000	100,000	100,000	100,000	100,000

*The vested Options will be exercisable by the Directors for a period of five years from the relevant vesting date.

The FCA notifications relating to the director subscription and grant of options, made in accordance with the requirements of the UK Market Abuse Regulation, are appended below.

Admission of Subscription Shares

Application will be made for the admission of 529,133 Subscription Shares to be admitted to trading on the AQSE Growth Market ("Admission"). Admission is expected to become effective and dealings in the Subscription Shares is expected to commence at 8.00 a.m. on or around 28 July 2026. The Subscription Shares will rank pari passu in all respects with the Company's existing Ordinary Shares and the subscriptions are subject only to Admission.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise 12,742,934 Ordinary Shares of £0.01 each, each carrying the right to one vote. The Company holds no shares in treasury. Therefore, the total number of voting rights in the Company is 12,742,934. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The Directors of The Company take responsibility for this announcement.

For further information please contact:

energy B plc Neil Ritson, CEO/Director         David Lenigas, Executive Chairman	[e-mail] [e-mail] [phone]
First Sentinel Corporate Finance (AQSE Corporate Adviser)                                  Brian Stockbridge Gabrielle Cordeiro Ahmed Iqbal	[phone] [e-mail] [e-mail] [e-mail]

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR CONNECTED PERSONS

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Neil Ritson
2.	Reason for the Notification
a)	Position/status	Director
b)	Initial notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	energy B plc
b)	LEI	213800U3MWUSU24ARW11
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary shares of £0.01 each
	Identification Code	GB00BRJNW354
b)	Nature of the transaction	Subscription for new ordinary shares
c)	Price(s) and volume(s)	Price Volume £0.12 per Ordinary Share 90,000
d)	Aggregated information: ·Aggregated volume ·Price	Single transaction, see details in item (c) above
e)	Date of the transaction	15 July 2026
f)	Place of the Transaction	Outside a trading venue
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary shares of £0.01 each
	Identification Code	GB00BRJNW354
b)	Nature of the transaction	Grant of options over 1,800,000 ordinary shares for nil consideration, subject to the following share-price performance conditions: -     450,000 options vests when the share price reaches 18 pence; -     450,000 options vests when the share price reaches 25 pence; -     450,000 options vests when the share price reaches 40 pence; and -     450,000 options vests when the share price reaches 70 pence.
c)	Price(s) and volume(s)	Price Volume N/A 1,800,000
d)	Aggregated information: ·Aggregated volume ·Price	Single transaction, see details in item (c) above
e)	Date of the transaction	15 July 2026
f)	Place of the Transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jonathan Colvile
2.	Reason for the Notification
a)	Position/status	Director
b)	Initial notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	energy B plc
b)	LEI	213800U3MWUSU24ARW11
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary shares of £0.01 each
	Identification Code	GB00BRJNW354
b)	Nature of the transaction	Subscription for new ordinary shares
c)	Price(s) and volume(s)	Price Volume £0.12 per Ordinary Share 90,000
d)	Aggregated information: ·Aggregated volume ·Price	Single transaction, see details in item (c) above
e)	Date of the transaction	15 July 2026
f)	Place of the Transaction	Outside a trading venue
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary shares of £0.01 each
	Identification Code	GB00BRJNW354
b)	Nature of the transaction	Grant of options over 400,000 ordinary shares for nil consideration, subject to the following share-price performance conditions: -     100,000 options vests when the share price reaches 18 pence; -     100,000 options vests when the share price reaches 25 pence; -     100,000 options vests when the share price reaches 40 pence; and -     100,000 options vests when the share price reaches 70 pence.
c)	Price(s) and volume(s)	Price Volume N/A 400,000
d)	Aggregated information: ·Aggregated volume ·Price	Single transaction, see details in item (c) above
e)	Date of the transaction	15 July 2026
f)	Place of the Transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Lenigas
2.	Reason for the Notification
a)	Position/status	Executive Chairman
b)	Initial notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	energy B plc
b)	LEI	213800U3MWUSU24ARW11
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary shares of £0.01 each
	Identification Code	GB00BRJNW354
b)	Nature of the transaction	Subscription for new ordinary shares
c)	Price(s) and volume(s)	Price Volume £0.12 per Ordinary Share 349,133
d)	Aggregated information: ·Aggregated volume ·Price	Single transaction, see details in item (c) above
e)	Date of the transaction	15 July 2026
f)	Place of the Transaction	Outside a trading venue
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary shares of £0.01 each
	Identification Code	GB00BRJNW354
b)	Nature of the transaction	Grant of options over 1,800,000 ordinary shares for nil consideration, subject to the following share-price performance conditions: -     450,000 options vests when the share price reaches 18 pence; -     450,000 options vests when the share price reaches 25 pence; -     450,000 options vests when the share price reaches 40 pence; and -     450,000 options vests when the share price reaches 70 pence.
c)	Price(s) and volume(s)	Price Volume N/A 1,800,000
d)	Aggregated information: ·Aggregated volume ·Price	Single transaction, see details in item (c) above
e)	Date of the transaction	15 July 2026
f)	Place of the Transaction	Outside a trading venue

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:			energy B plc
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii:						X
3. Details of person subject to the notification obligation iv
Name			David Lenigas
City and country of registered office (if applicable)			-
4. Full name of shareholder(s) (if different from 3.) v
Name			David Lenigas
City and country of registered office (if applicable)			-
5. Date on which the threshold was crossed or reached vi:			15 July 2026
6. Date on which issuer notified (DD/MM/YYYY):			15 July 2026
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer (8.A + 8.B) vii
Resulting situation on the date on which threshold was crossed or reached	3.79	-		3.79	484,133
Position of previous notification (if applicable)	5.60	-		5.60	135,000

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights ix					% of voting rights
		Direct (DTR5.1)		Indirect  (DTR5.2.1)			Direct (DTR5.1)		Indirect (DTR5.2.1)
GB00BRJNW354		484,133		-			3.79		-
SUBTOTAL 8. A		484,133					3.79
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument		Expiration date x	Exercise/ Conversion Period xi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrument	Expiration date x		Exercise/ Conversion Period xi		Physical or cash Settlement xii			Number of voting rights	% of voting rights
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii				X
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xiv
Name xv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information xvi

Place of completion	England
Date of completion	15 July 2026

 

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