$0.7m loan agreement

Summary by AI ^BETAClose X

Synergia Energy Ltd has secured an up to US$700,000 unsecured loan facility from Republic Investment Management Pte Ltd for general working capital. The loan is structured in two US$350,000 tranches, with the first available from April 20, 2026, and the second no earlier than September 1, 2026, both bearing 7.5% interest and repayable within 12 months of draw down. In conjunction with the loan, Republic will receive share options equivalent to the principal amount, exercisable at a 10% premium to offset the loan. As Republic holds a 12.4% stake, this is a related party transaction, with the independent directors deeming the terms fair and reasonable for shareholders.

Disclaimer*

Synergia Energy Ltd

07 April 2026

RNS Announcement

07 April 2026

AIM: SYN

$0.7m loan agreement

The Board of Synergia Energy Limited (Synergia or the Company) announces that it has entered into an up to US$700,000 loan agreement with Republic Investment Management Pte Ltd ("Republic") (the "Republic Loan") to provide funding for general working capital requirements.

Loan agreement

The Republic Loan provides Synergia with a working capital facility available in two tranches. The first tranche of $350,000 being available from 20 April 2026 can be drawn down on demand, bearing interest of 7.5% on amounts drawn-down, and repayable within 12 months from the initial draw down date. The second tranche of $350,000 will be available on a date as agreed between the Company and Republic, no earlier than 1 September 2026, with the same lending terms. The Republic Loan is being provided on an unsecured basis.

Alongside the Loan, Republic will be issued share options over ordinary shares in the Company to the value of the loan principal with an exercise price at a 10% premium over the prevailing share price at the initial draw down date of each loan tranche. These options have a term of 12 months from each loan draw down date and can be exercised to offset the loan principal amount.

Related Party Transaction

Republic has a current shareholding of 12.4% of the Company's issued share capital and is therefore categorised as a substantial shareholder and related party of the Company pursuant to the AIM Rules for Companies.

The Loan Agreement is classified as a related party transaction pursuant to AIM Rule 13 and the Directors of the Company independent of the Republic Loan (being the full board), having consulted with SP Angel, the Company's Nominated Advisor, consider that the terms of the Republic Loan are fair and reasonable insofar as the Company's shareholders are concerned.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For and on behalf of Synergia Energy Limited

Roland Wessel

CEO

For further information, please contact:

Investor Enquiries

Synergia Energy Ltd

Briana Stayt

Investor Relations

Email:

bstayt@synergiaenergy.com

Tel: +61 8 9485 3200

Australia

Nominated Advisor and Joint Broker

SP Angel Corporate Finance LLP

Stuart Gledhill / Richard Hail / Devik Mehta

Tel: +44 (0)20 3470 0470

Joint Broker

AlbR Capital Limited

Colin Rowbury

Email:

cr@albrcapital.com

Tel: +44 20 7469 0930

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