1. Meren Energy issued 184,000 common shares due to option exercise. 2. Total shares outstanding now at 675,725,593 as of November 28, 2025. 3. Meren operates in Nigeria, Namibia, South Africa, and Equatorial Guinea. 4. Company's assets focus on offshore oil and gas projects. 5. Share updates comply with Swedish Financial Instruments Trading Act.
The share issuance may dilute current share value but signals operational stability. Historical examples show similar share increases often lead to short-term price stabilization rather than immediate fluctuations.
Share updates are crucial for investors, indicating potential dilution effects and reflecting operational decisions.
Short-term effects likely include initial market reactions to share dilution. Over time, operational results will define long-term value.
VANCOUVER, BC, Nov. 28, 2025 /CNW/ - (TSX: MER) (Nasdaq-Stockholm: MER) (OTCQX:MRNFF) – Meren Energy Inc. ("Meren" or the "Company") reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act. View PDF version
As a result of the issuance of 184,000 common shares pursuant to the exercise of share options, the Company has 675,725,593 common shares issued and outstanding with voting rights as at November 28, 2025.
About Meren
Meren is a full-cycle Independent upstream oil and gas company with interests offshore Nigeria, Namibia, South Africa and Equatorial Guinea. Its main assets are producing and development assets in deepwater Nigeria operated by Majors. The Company holds a leading position in the Orange Basin including its effective interest in the Venus light oil project, offshore Namibia, and its direct interest in Block 3B/4B, offshore South Africa.
Visit us at www.mereninc.com.
Additional Information
This information is information that Meren is obliged to make public pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out above, at 5:00 p.m. ET on November 28, 2025.
SOURCE Meren Energy Inc.
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