FROM:

Prax Exploration & Production PLC (DCU 2)

Ticker: PRAX

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.
READ MORE >

Company Snapshot

COMPANY INSIGHTS

UPCOMING AUCTION

SIGN UP FOR NOTIFICATIONS

Trading Results

DateQuantityMid. Price GBX
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
Prax Exploration & Production PLC (DCU 2) is an unlisted company and shares in Prax Exploration & Production PLC (DCU 2) 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.
READ MORE >

Want to keep up to date
with our companies?

Prax Exploration & Production PLC (DCU 2) Management Information

Iain McKendrick
Iain McKendrick
Director
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

To transact in these shares or other securities, we would require a broker to place the order on your behalf.You can use any existing broker you currently have an arrangement with or if you do not have a broker in place, we recommend using www.sharedealactive.co.uk.Please bear in mind, that JP Jenkins regularly match securities of each company shown on our platform, but from time to time there can be a delay in matching and some companies may be more liquid than others.To view our venue rules, please click the link in the footer.

Trading with JP Jenkins