Funding from Group of Strategic Investors

Reabold Resources PLC

13 March 2026

 

13 March 2026

Reabold Resources plc

("Reabold" or the "Company")

Funding from Group of Strategic Investors

Reabold Resources plc, the investing company focused on developing strategic gas projects for European energy security, is pleased to announce a conditional issue of equity to a group of US-based strategic investors.

The investor group, led by Rohan Oza, has committed to subscribe for a total of 1,900,000,000 new ordinary shares of 0.1 pence each in the Company (the "New Ordinary Shares"), at a placing price of 0.1 pence per New Ordinary Share (the "Issue Price"), representing the closing mid-market price on 12 March 2026, raising gross proceeds of £1.9 million (the "Subscription").  The Subscription is conditional on, amongst other things, the approval of Shareholders in a General Meeting and the Company raising a further £1.1 million in addition to the Subscription prior to 12 May 2026. It is therefore intended that the investment will form the cornerstone of a proposed, extended fundraising process, with additional funds to be raised on the same terms as the Subscription (the "Fundraising").  The net proceeds of the Subscription and the Fundraising will be used primarily to progress the key West Newton project, including the funding of both Reabold and Rathlin's shares of the recompletion of the A-2 well, expected to take place in the coming months. 

In addition, participants in the Subscription and the Fundraising will receive 1.25 warrants for each New Ordinary Share, each with a right to convert to one new ordinary share at an exercise price of 0.11 pence per share.  This mechanism is intended to provide the Company with access to additional capital, in the event of a successful A-2 recompletion, and to move into early production as soon as possible. 

The investor group recognises the vast strategic value associated with high quality upstream natural gas projects in the UK and Europe and their importance for energy security, which recent geopolitical events have served to emphasise.  Additionally, there is a recognition of the significant disconnect between fundamental asset value and market value, particularly for UK listed oil and gas companies, which is in stark contrast to North American markets. 

Further information on the Subscription and the Fundraising will be announced in due course.

Sachin Oza, Co-CEO of Reabold, commented: 

"We are delighted to receive the commitment from this group of high quality and high profile strategic investors into Reabold at what is an extremely exciting time for the company.  We know that our European gas assets have significant value, and a critical role to play in providing reliable domestically sourced energy against the backdrop of tragic global events, which make it ever more obvious that European countries must reduce reliance on imports and promote their indigenous supply. Our asset portfolio, in particular, can also serve the emerging digital economy, which will be a significant driver of growing energy demand across Europe in the years ahead." 

"With the backing of our new investor group we have greatly enhanced our ability to progress our highly valuable portfolio and create substantial value for shareholders, whilst also contributing significantly to European energy security. 

"Having recently received the required environmental permitting to conduct stimulation operations at the A-2 well, this funding will allow the JV to move ahead with operations in the coming months, which will be a key step in unlocking the inherent value in our flagship project at West Newton."

See Co-CEO Sachin Oza Discuss Further:                       https://reabold.com/link/yMQmEy

Engage with the Reabold management team directly by asking questions, watching

video
summaries and seeing what other shareholders have to say. Navigate to our Interactive Investor
hub here: https://reabold.com/s/2b4e66

For further information, please contact:

Investor questions on this announcement We encourage all investors to share questions on this announcement via our investor hub	https://reabold.com/link/yMQmEy
Reabold Resources Plc Stephen Williams Sachin Oza	Via our Investor Hub https://reabold.com/
Cavendish - Nominated & Financial Adviser and Broker Neil McDonald Pearl Kellie	[phone]
Camarco Billy Clegg Rebecca Waterworth Sam Morris	[phone]

Subscribe to our news alert service: https://reabold.com/auth/signup

Notes to Editors

Reabold Resources PLC is a UK-based upstream oil and gas investment company focused on generating returns through investment in low-risk energy projects with high potential upside. Investment activity is undertaken through strategic equity stakes in proven undeveloped gas discoveries with significant resources and near-term production potential, primarily across the UK and continental Europe. To support its investment strategy, Reabold balances proceeds from asset sales between shareholder returns and re-investment in new projects, with a focus on contributing to European energy security while achieving significant valuation uplift through clear monetisation pathways.

 

END