Beacon Energy plc has announced a conditional offer for subscription of new ordinary shares via PrimaryBid at an issue price of 0.15 pence per share. This represents a discount of approximately 16.7% to the closing middle market price of 0.18 pence per existing share on September 14, 2023. The PrimaryBid Offer is available to both existing shareholders and new investors, with a minimum subscription of £500 per investor. Investors can access the offer through PrimaryBid's website, app, or its network of retail brokers, wealth managers, and investment platforms. No commission will be charged by PrimaryBid on applications to the offer. The offer is conditional on the new shares being admitted to trading on AIM, which is expected to take place on September 20, 2023. The gross proceeds of the offer will be used for general working capital and to cover the expenses of the offer.

The company values its retail investor base and is pleased to provide them with the opportunity to participate in the PrimaryBid Offer. Existing shareholders and new investors can access the offer through PrimaryBid's website and app. Applications can be made from tax-efficient savings vehicles such as ISAs or SIPPs, as well as General Investment Accounts (GIAs). Some partners may only accept applications from existing shareholders. The company believes that the separate PrimaryBid Offer is in the best interests of shareholders and wider stakeholders. The offer will open to investors resident and physically located in the United Kingdom.