Star Energy Group launch successful fundraising via a placing and subscription to raise approximately £8.5 million and retail offer of up to £0.6 million
May 2026
Star Energy Group plc is an LSE AIM listed British energy company. Their purpose is to provide for today’s energy, whilst transitioning to low-carbon sources of energy for tomorrow.
Their strategy is to create value for shareholders, employees and communities by being a leading operator of oil and gas assets, renowned for operational excellence and strong safety standards, whilst actively developing and building a geothermal business of scale, as we transition to a renewable future.
Placing, subscription and retail offer
The Placing has conditionally raised gross proceeds of c.£8.5 million through the placing of 56,716,664 Placing Shares to new and existing investors. In addition, as part of the Fundraise, Ross Glover, Frances Ward, Kate Coppinger, Anthony White, Aneliya Erdly and Philip Jackson, each a Director of the Company, have agreed to subscribe for 206,665 Subscription Shares at the Issue Price, which is expected to raise £31,000.
In addition to the Placing and the Subscription, the Company is providing existing eligible shareholders with the opportunity to subscribe for up to 4,000,000 Retail Offer Shares at the Issue Price, to raise up to £0.6m (before expenses) pursuant to the separate Retail Offer being made by the Company. No part of the Placing is conditional on the Retail Offer proceeding or on any minimum take-up on the Retail Offer.
The Perivan shareholder communications team was delighted to work with the Company on the production of the relevant documentation which was successfully produced and posted to eligible shareholders on 1st May 2026.
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