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Description
Prax Exploration & Production PLC acquired Hurricane Energy plc in June 2023. Hurricane shareholders received a Deferred Consideration Unit (DCU) per share, granting 17.5% of net revenues until 31 Dec 2026, capped at 6.48 pence per DCU. Payments are biannual, 90 days after each period ends. Class I DCU holders receive loan notes, redeemable in cash six months after issuance.
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Company Snapshot
Status
Live
Price
1.77
Ticker
PRAX1
Class
DEFERRED CONSIDERATION UNIT
Settlement
CREST
Industry
Energy generation & supply
COUNTRY
United Kingdom
Company Number
12157790
ISIN
GB00BQS92045
Currency
GBX
COMPANY INSIGHTS
Incorporated
15/08/19
key features of trading on jp jenkins
BUYERS
Buyers decide on the price per share they’re willing to pay, and the number of shares they wish to buy.
SELLERS
Sellers decide the minimum price they’ll accept for their shares.
IMPORTANT INFORMATION
Prax Exploration & Production PLC (DCU 1) is an unlisted company and shares in Prax Exploration & Production PLC (DCU 1) are not traded on an investment exchange such as the London Stock Exchange or the Alternative Investment Market. This means share transactions can be infrequent, and there may be a delay between you giving instructions to buy or sell shares and your order being completed. It also means it can be difficult to assess your investment’s value.
Description
Prax Exploration & Production PLC acquired Hurricane Energy plc in June 2023. Hurricane shareholders received a Deferred Consideration Unit (DCU) per share, granting 17.5% of net revenues until 31 Dec 2026, capped at 6.48 pence per DCU. Payments are biannual, 90 days after each period ends. Class I DCU holders receive loan notes, redeemable in cash six months after issuance.
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Latest News
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Prax Exploration & Production PLC (DCU 1) Management Information
Sanjeer Kumar Soosaipillai
Chairman & Chief Executive Officer
Alessandro Agostini
Head of Exploration and Production
Prax Exploration & Production PLC (DCU 1) Contact Details
Address
Harvest House Horizon Business Village,
1 Brooklands Road,
Weybridge,
Surrey,
United Kingdom,
KT13 0TJ
1 Brooklands Road,
Weybridge,
Surrey,
United Kingdom,
KT13 0TJ
EMAIL
london.office@prax.com
phone
+44 (0) 207 580 0033
Contacts
Registrar
Computershare Investor Services PLC
The Pavilions
Bridgwater Road
Bristol
BS99 6AL
The Pavilions
Bridgwater Road
Bristol
BS99 6AL
0370 703 0084
TRANSACTING ON JP JENKINS
‘Trading‘ on JP Jenkins is done via a matched bargain facility, this means that on instruction from your ‘Broker’ we will endeavour to match your shares against other buyer(s) or seller(s) who are also looking to transact. Requests to trade are performed on an availability basis, should an instruction be cancelled, altered or amended in anyway by an instruction from your broker then it shall lose its active place in the queue and reset to the end of list. JP Jenkins receives orders from brokers electronically via a FIX message or should your broker not have a FIX connection to our platform via telephone. If you do not have a UK registered stockbroker you will find a list of brokers that we have worked with to download here. You will also find a list of UK brokers at the bottom of this page and their contact details should you need to appoint one. JP Jenkins can ONLY take instruction to transact from a UK-registered stockbroker and cannot offer investment advice into companies displayed on our website. If you are unsure about trading please consult a financial advisor or wealth manager to assist you in determining what is right for you
