eEnergy Group PLC Exercise of Warrants and Total Voting Rights (6016Q)
01 March 2021 - 6:00PM
UK Regulatory
TIDMEAAS
RNS Number : 6016Q
eEnergy Group PLC
01 March 2021
1 March 2021
eEnergy Group plc
("eEnergy" or "the Group")
Exercise of Warrants
eEnergy Group plc (AIM: EAAS), a leading "Energy
Efficiency-as-a-Service" (EEaaS) business in the UK and Ireland,
announces that it has received notices to exercise warrants over
2,075,000 new ordinary shares of 0.3 pence each in the Group
("Warrant Shares").
The Warrant Shares are being issued pursuant to the exercise of
475,000 warrants at an exercise price of 7.5 pence per ordinary
share, relating to the August 2019 Placing, and 1,600,000 warrants
at an exercise price of 7.5 pence per ordinary share, issued as
part of the Reverse Takeover in January 2020.
Funds of GBP155,625 have been received by the Group in respect
of these exercises.
Application will be made for the 2,075,000 Warrant Shares to be
admitted to trading on AIM which is expected to occur on or around
4 March 2021 ("Admission"). The Warrant Shares will rank pari passu
in all respects with the ordinary shares of the Company currently
traded on AIM.
Total Voting Rights
Following Admission, the total number of shares of the Company
in issue will be 246,258,090 and the total number of voting shares
in the Company will be 246,258,090.
The above figure of 246,258,090 may be used by shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure Guidance
and Transparency Rules.
Contacts:
eEnergy Group plc Tel: +44 20 7078 9564
Harvey Sinclair, Chief Executive info@eenergyplc.com ;
Officer www.eenergyplc.com
Ric Williams, Chief Financial Officer
N+1 Singer (Nominated Adviser and Tel: +44 20 7496 3000
Joint Broker)
Justin McKeegan, Mark Taylor, Carlo
Spingardi (Corporate Finance)
Tom Salvesen (Corporate Broking)
Turner Pope Investments (Joint Broker) Tel: +44 20 3657 0050
Andy Thacker info@turnerpope.com
SECNewgate Tel: +44 7540 106 366
Robin Tozer eEnergy@s ecnewgate.co.uk
Isabelle Smurfit
About eEnergy Group plc
eEnergy Group plc is a leading "Energy Efficiency-as-a-Service"
(EEaaS) business focused on providing its core "Light-as-a-Service"
("LaaS"), to educational and commercial & industrial customers
through its eLight and RSL operations in the UK and Ireland. The
Group helps businesses and schools switch to LED lighting,
typically for a fixed monthly service fee, avoiding any upfront
payments.
eEnergy was admitted to AIM in January 2020. The Board's
strategy is to develop eEnergy as a broader energy services company
and acquire other businesses in the energy management sector. The
market in the EU for energy efficiency services was approximately
EUR25 billion in 2017 and is expected to double by 2025.
In December 2020, eEnergy completed the acquisition of Beond
Group Limited. Beond is a UK-based renewable energy consulting and
procurement business, whose services aim to reduce costs for
clients and tackle climate change. Beond's services include
provision of clean energy strategy, smart energy procurement,
hedging strategies, bill validation, bureau services and market
intelligence. However, its key offering is its proprietary platform
used to run reverse energy auctions for clients.
eEnergy has been awarded The Green Economy Mark by the London
Stock Exchange, which recognises a company's work on
sustainability.
https://eenergyplc.com/
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