News

Coastal Africa Group Limited is an investing company which was incorporated in BVI on 30 December 2025. The Company has been established with the ultimate objective of creating value for its investors through the acquisition and management of companies or assets in the energy sector.

The Company’s acquisition strategy will be primarily focused on the oil and gas sector (including upstream and mid-stream opportunities), energy infrastructure, energy services and energy assets in West Africa, though it may consider opportunities in other jurisdictions where the Directors believe there are opportunities to create shareholder value.

The Company does not currently own any trading businesses or operational assets and has not generated revenue to date. The Company has two subsidiaries, one of which is incorporated in a target jurisdiction, and neither subsidiary has traded to date. Upon Admission, the Company will be an ‘investing company’ for the purposes of the AIM Rules. In due course the Company intends to undertake an acquisition which will result in the Company becoming an operating company and its Investing Policy will cease to apply.

Admission to trading on AIM

On 10 June 2026, admission and the first day of dealings commenced by way of a Subscription for 10,783,627 Ordinary Shares at a price of 161p per Ordinary Share.

The Perivan shareholder communications team was delighted to work with S.P. Angel Corporate Finance who acted as Nominated Adviser, Broker and Financial Adviser on the successful production and publication of the 76-page admission document.

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