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Advance Energy ( (GB:BCE) ) has issued an update.
Beacon Energy shareholders have overwhelmingly approved all resolutions at an Extraordinary General Meeting, paving the way for the admission of an enlarged share capital of 124,790,040 ordinary shares to trading on AIM on 6 March 2026. The move includes the issuance of multiple new share classes, updated director shareholdings and options, and confirms total voting rights for investors under FCA disclosure rules.
On admission, Beacon will complete a reverse takeover-style strategic investment in LNEnergy Limited, gaining exposure to the Colle Santo gas asset with an estimated post-tax NPV(10) of €26.6 million based on its 48% stake. The company frames the deal as transformative, providing proven reserves, a pathway to production and a series of value catalysts over the next 18 months, while related-party share issuances have been signed off as fair and reasonable by independent directors.
More about Advance Energy
Beacon Energy plc is an oil and gas company listed on AIM in London, focused on rebuilding its portfolio through strategic investments and acquisitions. The company is expanding its presence in European upstream energy assets, targeting proven reserves and near-term production opportunities to enhance shareholder value and strengthen its market position.
Technical Sentiment Signal: Strong Sell
Current Market Cap: £722K
Find detailed analytics on BCE stock on TipRanks’ Stock Analysis page.