New Energy One Acquisition Corp. Completion of Share Capital Reduction (3979H)
06 April 2022 - 4:01PM
UK Regulatory
TIDMNEOA TIDMNEOW
RNS Number : 3979H
New Energy One Acquisition Corp.
06 April 2022
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indirectly, in whole or in part, into or within the United States,
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where such release, publication or distribution would be
unlawful.
6 April 2022
New Energy One Acquisition Corporation Plc
("NEOA" or the "Company")
Completion of Share Capital Reduction
Following the disclosure in the prospectus published by the
Company on 9 March 2022 (the "Prospectus") and pursuant to a
shareholder resolution of the Company passed on 7 March 2022, the
Company is now pleased to announce that on 5 April 2022 the High
Court of England and Wales sanctioned the cancellation of the
amount standing to the credit of the Company's share premium
account immediately following Admission (the "Share Capital
Reduction").
The purpose of the Share Capital Reduction is to create
distributable reserves to enable the redemption of Ordinary Shares
as described in the Prospectus and in accordance with the Company's
Articles of Association, thereby enabling the Company to meet the
condition of Listing Rule 5.6.18AG(7). As described in the
Prospectus, the Company's compliance with Listing Rule 5.6.18AG(7)
was subject to Court approval of the Share Capital Reduction. As a
result of Court approval of the Share Capital Reduction, and
subject to the Company continuing to meet the conditions set out in
LR 5.6.18AG and the Company providing a written Board a
confirmation to the FCA at the time of any announcement or leak of
a proposed Business Combination as set out in LR 5.6.18CR, the
Company expects that the Ordinary Shares and the Public Warrants
would not be suspended from listing and trading at the time of
announcement or leak of a proposed Business Combination. Any
remaining distributable reserves not used for the redemption of
Ordinary Shares will be available for general corporate
purposes.
The Court order confirming the Share Capital Reduction, and a
statement of capital approved by the Court in connection therewith,
will be sent to the Registrar of Companies shortly and accordingly
the Share Capital Reduction will become effective upon the
registration of the Court order and associated statement of capital
by the Registrar of Companies.
The Share Capital Reduction will not result in a change in the
number of Ordinary Shares or Sponsor Shares in issue or their
nominal value of GBP0.001 each. The total number of voting rights
in the Company will remain at 21,875,000 immediately following the
Share Capital Reduction and this figure may continue to 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 Ordinary Shares under the
Disclosure Guidance and Transparency Rules.
Defined terms in this announcement shall have the meaning
ascribed to them in the Prospectus unless otherwise specified.
The Prospectus is available on the Company's website at
https://neoa.london , subject to certain access restrictions.
Enquiries:
Finsbury Glover Hering - Communications Advisor
Adrian Rimmer, Partner +44 (0) 207 251 3801
Alice Neave, Associate Director +44 (0) 7827 820 629
About New Energy One Acquisition Corporation Plc
NEOA has been formed for the purpose of effecting a business
combination with targets that are positioned to participate in or
benefit from the global transition towards a low carbon economy,
what is called the "Energy Transition", which are headquartered in,
or which have or are expected to have a substantial nexus to,
Europe.
NEOA is sponsored by LiveStream LLC ("LiveStream") and Eni
International B.V. ("Eni"), a wholly owned subsidiary of Eni S.p.A
(each of Livestream and Eni being a "Sponsor Entity" and together,
the "Sponsor Entities"). LiveStream is an investment company formed
by one of NEOA's executive directors, Sanjay Mehta.
NEOA has a highly experienced executive team (the "Executive
Team") who collectively have more than 20 years of proprietary fund
management and principal investment experience, and more than 60
years of extensive capital markets, corporate finance and
operational experience in the energy industry. NEOA's executive
team is supported by a strong group of independent board and
strategic advisors with broad market expertise and deep industry
contacts, including with companies that are at the heart of the
Energy Transition.
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