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An update from Lansdowne Oil & Gas ( (GB:LOGP) ) is now available.
Lansdowne Oil & Gas has launched a WRAP Retail Offer to raise up to £190,000 through the issue of up to 190 million new ordinary shares at 0.1 pence each, matching the price of its previously announced £1.9m institutional placing. The company is directing proceeds from the retail component toward working capital as it seeks to broaden participation by existing UK retail shareholders.
The WRAP Retail Offer, which is separate from but conditional upon completion of the placing, is open only to existing UK shareholders via participating intermediaries and is expected to close on 8 May 2026. Admission of the new shares to trading on AIM is anticipated on 27 May 2026, with the additional equity expected to strengthen Lansdowne’s balance sheet while diluting existing holdings proportionally as all new shares rank pari passu with current stock.
More about Lansdowne Oil & Gas
Lansdowne Oil & Gas is a UK‑listed exploration and production company focused on the oil and gas sector. Its shares trade on AIM under the ticker LOGP, and it targets upstream hydrocarbon assets, providing investors exposure to exploration-led growth in the energy market.
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.39M
Find detailed analytics on LOGP stock on TipRanks’ Stock Analysis page.