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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Energypathways Plc | LSE:EPP | London | Ordinary Share | GB00BM9M0884 | ORD GBP0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.30 | 9.80 | 10.40 | 0.00 | 07:44:54 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Offices-holdng Companies,nec | 0 | -1.86M | -0.0116 | -8.88 | 16.47M |
29 October 2024
EnergyPathways plc
("EnergyPathways" or the "Company")
Exercise of warrants and issue of fee shares
EnergyPathways plc (AIM: EPP), an integrated energy transition company, announces that it has received a notice to exercise warrants over 450,000 new ordinary shares in the Company ("Warrant Shares") at an exercise price of 4p per ordinary share, raising £18,000 for the Company.
In addition the Company announces the issue of 843,067 new ordinary shares of 1 pence each at 1.96p pence per share ("Fee Shares") in settlement of consultancy fees to a member of the Marram Project management team for Q3 2024. Under the terms of the consultancy agreement signed, the Company settles fifty percent of the consultant's monthly fees in cash, with the remaining fifty percent being accrued and settled on a periodic basis through the issue of Fee Shares. The pricing for the shares is based on 5 day VWAP for the last five days of trading, calculated on a monthly basis.
Admission and Total Voting Rights
Application will be made for the Warrant Shares and the Fee Shares to be admitted to trading on AIM, which is expected to occur on or around 1 November 2024 ("Admission"). The Warrant Shares and the Fee Shares will rank pari passu in all respects with the Company's existing ordinary shares currently traded on AIM.
Following Admission, the Company's issued share capital will comprise 161,205,345 ordinary shares of 1 pence each. This number will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Enquiries:
EnergyPathways
|
Tel: +44 (0)20 7466 5000, c/o Buchanan (Financial PR) Email : info@energypathways.uk |
Cairn Financial Advisers LLP (Nominated Adviser) |
Tel: +44 (0)20 7213 0880 |
SP Angel Corporate Finance LLP (Joint Broker) |
Tel: +44 (0)20 3470 0470 |
Global Investment Strategy UK Limited (Joint Broker) |
Tel: +44 (0)20 7048 9000 |
Buchanan (Financial PR) |
Tel: +44 (0)20 7466 5000 |
For further information on EnergyPathways visit www.energypathways.uk and @energy_pathways on X (formerly Twitter).
1 Year Energypathways Chart |
1 Month Energypathways Chart |
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