This is partly why I have voted Yes.2 Nov 2025 15:14
Convertible Loan Note (CLN) from RMD Holdings
• RMD Group is a Canadian, privately held Family Office, with significant investments in Property (North America and
Europe), Energy, Infrastructure, Renewable and Decarbonisation, Forestry and Technology sectors. They do not, and are not
required to, publicize their activities, originating their deals in-house
• RMD Group is the long-term financial backer for one of the world’s leading Energy Transition technology companies and is
considering including major projects from that area of their portfolio within PPP, as a second complimentary business
division of the Company.
• This may or may not happen, subject primarily to seeing how we perform with traditional Oil and Gas opportunities initially,
and of course all subject to returning to trading on the London Stock Exchange.
• This would give Pennpetro and our Shareholders exposure to two distinct and likely complimentary Energy Sector plays, a
larger portfolio of very significant revenue producing assets and long-term recurring revenues.
• The CLN agreed and drawn by PPP, provided by RMD Group is on more favourable terms for the Company than the
previously announced GEM facility, with interest at 6% (compared to 8%) and is ‘Vanilla’ in so much as there is no ‘pre-sale
of shares’ to receive funding though it does include commitments to:
• Issue new shares to fulfil the Company's obligations in respect of the pledged shares, the CLN conversion shares (should RMD Group
opt to convert in future) and to provide necessary headroom for the initial funding of at least £5m.
*These items being subject to Shareholder approval and necessary, additionally, to satisfy the conditions of a new Prospectus as required by the FCA,
Lets get Our company shares back trading & Our company back working in all our best interest etc, by voting Yes. I am just a small investor in PPP.
I don't do arguments on here & DYOR also all IMO only.
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