Empyrean Energy PLC (EME.L) Launch of Open Offer

Open Offer of up to 57,417,375 Open Offer Shares at 3.5 pence per share

Empyrean Energy plc (“Empyrean” or the “Company”) announces that it proposes to raise up to £2.01 million (before expenses) through an Open Offer pursuant to which Qualifying Shareholders will have an opportunity to subscribe for an aggregate of 57,417,375 new Ordinary Shares (the “Open Offer Shares”), on the basis of 1 Open Offer Share for every 8 Existing Ordinary Shares held on the Record Date, at 3.5 pence per Open Offer Share (the “Issue Price”).

Qualifying Shareholders subscribing for their full entitlement under the Open Offer may also request additional Open Offer Shares through the Excess Application Facility.

Empyrean is pleased to announce that it will shortly be posting a circular to Shareholders (the “Circular”) containing detailed information about the Open Offer, a copy of which will also be available shortly on the Company’s website (www.empyreanenergy.com).

Further details of the Open Offer are set out in the extract from the Letter from the Chairman of the Company below, together with the expected timetable.

Link www.share-talk.co.uk/announcements/rns/


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