We are delighted to have supported ACP Energy Plc on their Admission to the Main Market of the London Stock Exchange.
Upon Admission, ACP Energy will issue a total of 16,600,000 Ordinary Shares, based upon a combination of direct subscriptions at 5p per share and and a placing at 2p per share, raising gross proceeds of £830,000.
The Company will focus on acquiring opportunities within the upstream segment of the oil and gas industry, in areas such as appraisal, development and production, focusing particularly on projects with identified oil and/or natural gas reserves and resources.
“ACP are proud to have completed its IPO to the Main Market of the London Stock Exchange. PKF were extremely supportive throughout the process, and we look forward to working with them further as we identify targets for the development of the company.” James Orbell, Non-Executive Director | ACP Energy Plc
PKF acted as reporting accountant on the transaction and the Capital Markets team included Joseph Baulf.