Edenville Energy PLC Result of General Meeting (7786D)

TIDMEDL

RNS Number : 7786D

Edenville Energy PLC

21 February 2020

21 February 2020

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

Result of General Meeting

Edenville Energy Plc (AIM: EDL), the AIM quoted company developing the Rukwa coal project in southwest Tanzania, announces that at the General Meeting ("GM") of the Company held earlier today in London, all resolutions put to shareholders were duly passed.

The votes were cast as follows in respect of shareholders who have appointed the Chairman of the GM as their proxy:

 
 
   Resolution     Votes for       %       Votes against     %      Votes withheld 
 1              1,648,814,043   99.95   817,678           0.05   413,104 
 2              1,648,814,043   96.95   817,678           0.05   413,104 
 3              1,648,814,043   99.95   817,678           0.05   413,104 
 4              1,648,814,043   99.93   1,220,021         0.07   10,761 
 5              1,648,810,058   99.95   1,220,021         0.07   14,746 
 6              1,648,814,043   99.95   817,678           0.05   413,104 
 

The Company announced on 23 January 2020 that it raised GBP700,000 (before expenses) by way of a placing of 1,750,000,000 new ordinary shares of 0.02p each in the Company at a placing price of 0.04p per Ordinary Share with existing shareholders through Brandon Hill Capital Limited (the "Placing"). As envisaged, following the passing of the Resolutions, subscribers to the Placing will now be issued with one warrant for every two Placing Shares subscribed for under the Placing (the "Warrants"). The Warrants will have an exercise price of 0.06p per Ordinary Share and must be exercised prior to 23 January 2022 otherwise they will lapse.

Capitalised terms used, but not otherwise defined in this announcement, bear the meanings ascribed to them in the Circular convening the GM.

For further information please contact:

 
 Edenville Energy Plc 
  Jeff Malaihollo - Chairman 
  Alistair Muir - CEO                     [phone] 
 SP Angel Corporate Finance LLP 
  (Nominated Adviser and Joint Broker) 
  David Hignell 
  Charlie Bouverat 
  Abigail Wayne                           [phone] 
 Brandon Hill Capital Ltd 
  (Joint Broker) 
  Oliver Stansfield, Jonathan Evans       [phone] 
 IFC Advisory Limited 
  (Financial PR and IR) 
  Tim Metcalfe 
  Graham Herring 
  Florence Chandler                       [phone] 
 

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February 21, 2020 07:43 ET (12:43 GMT)