EnergyPathways PLC Issue of Fee Shares

RNS Number : 6112K

EnergyPathways PLC

15 April 2024

 

 

15 April 2024

 

EnergyPathways plc

 

("EnergyPathways" or the "Company")

 

Issue of Equity

 

EnergyPathways plc (AIM: EPP), an integrated energy transition company, announces the issue of 579,486 new EnergyPathways ordinary shares of 1 pence each at 2.8 pence per share ("Fee Shares") in settlement of consultancy fees to a member of the Marram Project management team.

 

Under the terms of the consultancy agreement signed, the Company settles fifty percent of the monthly fees in cash, with the remaining fifty percent being accrued and settled on a periodic basis through the issue of ordinary shares.

Admission and Total Voting Rights

Application will be made for the Fee Shares to be admitted to trading on AIM, which is expected to occur on or around 19April 2024 ("Admission"). 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 159,121,045 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 Ben Clube / Ben Hodges	Tel: [phone], c/o Buchanan (Financial PR) Email : [e-mail]
Cairn Financial Advisers LLP (Nominated Adviser) Jo Turner / Louise O'Driscoll / Sandy Jamieson	Tel: [phone]
SP Angel Corporate Finance LLP (Joint Broker) Richard Hail / Adam Cowl	Tel: [phone]
Optiva Securities Limited (Joint Broker) Christian Dennis / Daniel Ingram	Tel: [phone]
Global Investment Strategy UK Limited (Joint Broker) Callum Hill / James Sheehan	Tel: [phone]
Buchanan (Financial PR) Ben Romney / Barry Archer	Tel: [phone] Email: [e-mail]

 

For further information on EnergyPathways visit www.energypathways.uk and @energy_pathways on X (formerly Twitter).

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