RE: +South West uk waters16 Oct 2025 13:00
Announce that due to further institutional demand the Company has accepted a further investment of £0.5 million by means of a placing (the "Placing") of new Ordinary Shares (the "Placing Shares") at a price of 0.03 pence per share (the "Issue Price") being the same price as the Company's placing announced on 2nd October 2025. The Issue Price represents a discount of approximately 14% per cent to the Closing Price of 0.035 pence per Ordinary Share on 2nd October 2025, being the latest practicable business day prior to the publication of this Announcement.