Sign In
Last checked at 
7 Apr 2026 07:00
RNS Announcement
07 April 2026
AIM: SYN
$0.7m loan agreement
The Board of Synergia Energy Limited (Synergia or the Company) announces that it has entered into an up to US$700,000 loan agreement with Republic Investment Management Pte Ltd ("Republic") (the "Republic Loan") to provide funding for general working capital requirements.
Loan agreement
The Republic Loan provides Synergia with a working capital facility available in two tranches. The first tranche of $350,000 being available from 20 April 2026 can be drawn down on demand, bearing interest of 7.5% on amounts drawn-down, and repayable within 12 months from the initial draw down date. The second tranche of $350,000 will be available on a date as agreed between the Company and Republic, no earlier than 1 September 2026, with the same lending terms. The Republic Loan is being provided on an unsecured basis.
Alongside the Loan, Republic will be issued share options over ordinary shares in the Company to the value of the loan principal with an exercise price at a 10% premium over the prevailing share price at the initial draw down date of each loan tranche. These options have a term of 12 months from each loan draw down date and can be exercised to offset the loan principal amount.
Related Party Transaction
Republic has a current shareholding of 12.4% of the Company's issued share capital and is therefore categorised as a substantial shareholder and related party of the Company pursuant to the AIM Rules for Companies.
The Loan Agreement is classified as a related party transaction pursuant to AIM Rule 13 and the Directors of the Company independent of the Republic Loan (being the full board), having consulted with SP Angel, the Company's Nominated Advisor, consider that the terms of the Republic Loan are fair and reasonable insofar as the Company's shareholders are concerned.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
For and on behalf of Synergia Energy Limited
Roland Wessel
CEO
For further information, please contact:
Investor Enquiries Synergia Energy Ltd Briana Stayt Investor Relations Email: bstayt@synergiaenergy.com Tel: +61 8 9485 3200 Australia | Nominated Advisor and Joint Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Devik Mehta
Tel: +44 (0)20 3470 0470 UK | Joint Broker AlbR Capital Limited Colin Rowbury Email: cr@albrcapital.com Tel: +44 20 7469 0930 UK |
Follow the stocks
