The firm acted for Strand Hanson, Tennyson Securities and Optiva Securities on the reverse takeover, fundraising and re-admission of Beacon Energy PLC.
European law firm Fieldfisher has advised Strand Hanson, in its capacity as nominated adviser, and Tennyson Securities and Optiva Securities in their capacities as joint brokers in connection with AIM-listed Beacon Energy PLC's reverse takeover (RTO) of Rhein Petroleum GmbH.
Isle of Man-headquartered Beacon Energy is an upstream energy company seeking growth through acquisition or farm-in to interests in discovered upstream projects. Rhein Petroleum owns producing and exploration assets in Germany, offering near-term opportunities to Beacon Energy to expand its production and grow the business.
The company signed a Share Purchase Agreement with Tulip Oil Holding B.V. and Deutsche Rohstoff A.G. in December 2022 to acquire 100% of the share capital of Rhein Petroleum GmbH. The purchase was funded by the issue of new shares in Beacon via a placing and Primary Bid offer, raising approximately £6.04 million.
Following completion of the RTO, shares in Beacon Energy were re-admitted to trading on AIM on 11 April 2023.
The Fieldfisher team advising Strand Hanson, Tennyson and Optiva was led by corporate partner Melanie Talbot, and associate Oliver Perkins.