Empire Energy Launches AU$3 Million Share Purchase Plan

Empire Energy Group Limited (ASX: EEG) has opened a Share Purchase Plan (SPP) on 23 May 2025, aiming to raise up to AU$3 million. This follows a successful institutional placement that raised AU$27.75 million at an issue price of AU$0.16 per share. The SPP allows eligible shareholders in Australia and New Zealand, who were on the register as of 15 May, to purchase up to AU$30,000 worth of new shares at the same price, free of brokerage or transaction fees.

Participants in the SPP may also receive unlisted attaching options—one for every two shares—exercisable at AU$0.24, expiring two years from the date of allotment, subject to shareholder approval. The offer closes on 6 June, with shares scheduled for allotment and trading from 17 June. The attaching options are expected to be issued in mid-August following a shareholder meeting and prospectus lodgement planned for July.

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