Borders & Southern Petroleum plc

“We are really excited by Darwin & the prospects immediately adjacent to and underneath as well as the size and scale of the remainder of the portfolio...Current re-structuring of industry portfolios and a growing realisation”

CEO quote contains unqualified promotional language ('really excited', 'world class projects') within a placing result announcement without adequate risk balancing.

“The existing authorities to allot Ordinary Shares for cash and disapply pre-emption rights...are insufficient to allow the expected total...General Meeting”

Company transparently discloses that existing share authorities are insufficient and a general meeting is required, properly flagging the additional shareholder approval needed.

Placing, Subscription and Retail Offer

THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO .  596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED BY VIRTUE OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019 .  UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN . THIS ANNOUNCEMENT, INCLUDING THE APPENDICES TO THIS ANNOUNCEMENT, AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR PUBLICAT…

Result of Placing and Subscription, PDMR Dealing

THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO .  596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED .  UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN .   20 February 2025   Borders & Southern Petroleum plc    (" Borders & Southern " or the " Company ")   Result of Placing and Subscription PDMR Dealing   Capitalised terms used but not otherw…

Retail Offer

THIS ANNOUNCEMENT. THE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF BORDERS & SOUTHERN PETROLEUM PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY BY SUCH PERSONS. THIS ANNOUNCEMEN…

Advised Mulberry Group on £21.2m fundraising and retail offer via RetailBook platform. Net proceeds to make targeted investments to accelerate future growth and meet medium term financial targets.

Law firm describes purpose as 'accelerate future growth' while the actual RNS disclosed material uncertainty on going concern and £49.7m operating loss. Significant disconnect between LinkedIn framing and regulatory disclosure.

Peel Hunt announced collaboration agreements with Hargreaves Lansdown, Jefferies, Numis, and Rothschild & Co for REX/RetailBook. REX to become standalone business renamed RetailBook. HL to use platform exclusively for UK follow-on share offerings until June 2023. Partners have right to take equity stakes alongside Peel Hunt.

Key announcement of RetailBook platform spin-out and partnerships. No mention of Peel Hunt's >50% ownership stake. RetailBook raised £2.5m per separate search results (not in this post).