IN BRIEF: Reabold Resources ups stake in LNEnergy via subscription

Related news

Reabold Resources PLC - investor focused on developing strategic gas projects for European energy security - Increases its interest in LNEnergy Ltd by a further 1.2% through the subscription for 128 new ordinary shares at £1,200 per share, for a total cash consideration of £153,600. This will take Reabold’s total shareholding to around 47% of LNEnergy’s enlarged share capital.

LNEnergy’s wholly-owned subsidiary, LNEnergy Srl has a 90% interest in the Colle Santo gas field in the Abruzzo region of Italy. Earlier in the month, Reabold entered an agreement with Beacon Energy PLC for Beacon to buy all of Reabold’s interest in LNEenergy. The first phase of this acquisition, in which Beacon will buy 49% of Reabold’s holding in LNEnergy, is expected to complete in November.

Current stock price: 0.058 pence, up 1.4% in London on Friday afternoon

12-month change: down 2.8%

Copyright 2025 Alliance News Ltd. All Rights Reserved.

Bids, mergers and takeovers

Ways to help you invest your money

Our investment accounts

Put your money to work with our range of investment accounts. Choose from ISAs, pensions, and more.

Need some investment ideas?

Let us give you a hand choosing investments. From managed funds to favourite picks, we’re here to help.

Read our expert tips and insights

Our investment experts share their knowledge on how to keep your money working hard across the markets.