Beacon Energy's Long-Stop Date for Second LNEnergy Stake Passes Without Extension

04:28 AM EDT, 10/07/2026 (MT Newswires) -- Beacon Energy (BCE.L) said the long-stop date for the second acquisition of an indirect 24% stake in LNEnergy passed without an extension agreed with Reabold Resources (RBD.L). The UK-listed energy company said Wednesday that the passing of the long-stop date gives either party the option to withdraw from the second acquisition, but neither has served notice. The share purchase agreement remains in force. Beacon completed the first acquisition of a 24% stake on March 6. If the second acquisition is completed, Beacon will increase its indirect interest in LNEnergy to 48%, equivalent to about 43.2% of the Colle Santo gas field in Italy.