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Prax Exploration & Production PLC (DCU 2)

Ticker: PRAX2
prax.com/information-for-holders-of-dcus/#contacts

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
Dealing Restrictions
None
Price
1.73
Ticker
PRAX2
Class
DEFERRED CONSIDERATION UNIT
Settlement
CREST
Industry
Energy generation & supply
COUNTRY
United Kingdom
Company Number
12157790
ISIN
GB00BQS92151
Currency
GBX

COMPANY INSIGHTS

Incorporated
15/08/19

Trading Results

DateQuantityMid. Price GBX
18/12/202417,3641.00
17/12/202411,1911.73
13/12/20249,0401.00
13/12/202410,4841.80
09/12/20248,2221.80
09/12/202426,1001.80
06/12/202420,0001.80
04/12/202420,0001.77
03/12/202440,5031.77
03/12/2024799,4971.77
03/12/2024200,5032.00
28/11/20246,1811.77
26/11/202433,8161.77
22/11/202410,9921.90
20/11/202422501.90
20/11/20244,9051.98
12/11/202410,1702.00
11/11/202436,2652.03
08/11/20249,5112.00
08/11/2024279,2242.00
05/11/20242,0532.00
29/10/202410,0002.00
25/10/202443,4002.00
18/10/2024165,3232.00
17/10/2024165,323 1.70
10/10/202412,5791.68
08/10/2024115,5031.12
09/09/202411,8781.12
04/09/202410,0002.03
04/09/20246,0001.80
29/08/202442382.03
29/08/2024300002.03
27/08/20241033861.82
21/08/202464791.60
19/08/20241,7451.60
30/07/2024200001.60
29/07/20243107741.60
23/07/2024880001.60
23/07/202490001.60
10/07/2024290001.62
10/07/2024300002.0
08/07/202415191.70
02/07/2024409501.55
02/07/20242315131.55
02/07/20242684871.62
27/06/2024308001.50
24/06/202450001.62
24/06/202410801.6
18/06/2024700001.62
13/06/202421,9091.7
13/06/202418,7501.62
10/06/20245055001.62
10/06/20244945001.62
10/06/202455001.62
07/06/20245000001.62
24/05/2024325401.62
22/05/2024173591.62
22/05/2024134411.70
14/05/20246,4111.70
13/05/2024612241.70
13/05/2024400001.70
26/04/20246,0311.70
23/04/2024350001.73
19/04/202457971.70
16/04/2024465721.70
12/04/20241179961.70
09/04/202444,9991.70
26/03/2024361,2281.82
21/03/202424,4901.77
21/03/2024100,000,0001.17
11/03/202425,0001.77
11/03/2024147,7501.77
11/03/2024135,2551.77
11/03/2024456,9271.77
07/03/202461,2241.77
06/03/202459,3471.77
05/03/202492,2051.77
05/03/20248,2031.77
05/03/202413,2491.77
05/03/20246,0691.77
27/02/2024200,000,0001.17
29/09/202364,0771.77
29/09/2023481,4501.77
07/08/20231,183,2941.77
03/08/20231,306,1461.77
21/07/20231,007,5851.77
11/07/202344,6161.73
10/07/202322,7501.65

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
This instruments from Prax Exploration & Production PLC (DCU 2) is not traded on an investment exchange such as the London Stock Exchange or the Alternative Investment Market. Consequently, transactions involving these instruments may be infrequent, potentially causing a delay between when you give instructions to buy or sell and when your order is executed. Additionally, it can be challenging to accurately assess the value of your investment.

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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Hurricane Energy Deferred Consideration Unit -Payment

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SEE MORE NEWS ARTICLES >

Company Reports

Investor Information* ➔
*Link to external site

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Prax Exploration & Production PLC (DCU 2) Management Information

Iain McKendrick
Iain McKendrick
Director
More Info
no photo available
Sanjeer Kumar Soosaipillai
Chairman & Chief Executive Officer
Alessandro Agostini
Alessandro Agostini
Head of Exploration and Production

Prax Exploration & Production PLC (DCU 2) Contact Details

Address
Harvest House Horizon Business Village,
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
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

How to Trade

Trading with JP Jenkins

Trading Instructions:
To buy and sell shares in this company via JP Jenkins, you will need to use a regulated UK stockbroker.

For a comprehensive list of brokers click here.

Over 40 UK brokers regularly trade and are set up to deal on our platform.
If you are based overseas and are interested in participating then please contact us directly by emailing info@jpjenkins.com or by calling 0207 469 0937
When buying or selling shares, please note there is as 1.5% trading fee (with a minimum charge of £25) (*additional fees may apply).

Please note, when purchasing shares Stamp Duty Reserve Tax (“SDRT”) may be applicable.

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