AEL.ASX: Successful completion of the Retail Entitlement Offer

Successful completion of the Retail Entitlement Offer

Stock	AEL.ASX (AEL.ASX)
Release Time	13 Oct 2025, 4:11 p.m.
Price Sensitive	Yes

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Amplitude Energy raises $150 million in equity offer

Key Points

Retail entitlement offer raised $19 million, completing $150 million equity raising
Proceeds to fund expansion of East Coast Supply Project and potential restart of Patricia Baleen
New shares to commence trading on ASX on 17 October 2025

Full Summary

Amplitude Energy Limited (ASX: AEL) has announced the successful completion of the fully underwritten retail component ('Retail Entitlement Offer') of its $150 million equity raising. The Retail Entitlement Offer raised approximately $19 million, with the company receiving valid applications for around 8.9 million new shares. Together with the completion of the placement and institutional component of the Entitlement Offer, Amplitude Energy has raised a total of approximately $150 million through the Equity Raising. The company's Managing Director & CEO, Jane Norman, stated that the completion of the Equity Raising positions Amplitude well to accelerate growth through the expansion of the East Coast Supply Project and other value-accretive opportunities in its portfolio, including the potential restart of Patricia Baleen. Settlement of the Retail Entitlement Offer is expected to occur on 15 October 2025, with new shares to be issued on 16 October 2025 and commence trading on the ASX on 17 October 2025.