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NEOA New Energy One Acquisition Corporation Plc

1,070.00
0.00 (0.00%)
22 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
New Energy One Acquisition Corporation Plc LSE:NEOA London Ordinary Share GB00BNZHM998 ORD GBP0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,070.00 1,020.00 1,120.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

New Energy One Acquisition Corp. Cessation of Operations, Shareholders Redemption

01/03/2024 7:00am

RNS Regulatory News


RNS Number : 0669F
New Energy One Acquisition Corp.
01 March 2024
 

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR WITHIN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF APPLICABLE SECURITIES LAWS.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

FOR IMMEDIATE RELEASE.

1 March 2024

 

New Energy One Acquisition Corporation Plc

("NEOA" or the "Company")

Cessation of Operations and Redemption of Public Shareholders

 

New Energy One Acquisition Corporation Plc ("NEOA" or the "Company"), a special purpose acquisition company, announces today that the Board of Directors of NEOA has decided that it is in the best interests of the Company not to pursue a Business Combination and to cease all operations except for the purpose of winding up. 

 

NEOA has considered a range of options for a Business Combination and has had discussions with some excellent companies. However, given the current challenging UK public equity market conditions, the Board has concluded that a successful Business Combination cannot be completed by 15 March 2024.  It would be inappropriate to incur further expenses in attempting to conclude a business combination, and thus the Board has made the difficult decision to redeem the Public Shareholders and cease operations, except for the purposes of winding up.

 

The Company intends to effect the redemption of all Ordinary Shares held by Public Shareholders, in accordance with the terms set out in the IPO Prospectus and the Articles of Association. There will be no redemption rights with respect to the Public Warrants which will automatically expire upon completion of the liquidation of the Company.  In addition, the Company intends to give notice to the Financial Conduct Authority ("FCA") and the London Stock Exchange ("LSE") for the cancellation of admission to listing on the standard segment of the Official List of the FCA and to trading on the Main Market for listed securities of the LSE of the Ordinary Shares and the Public Warrants of the Company.

 

A further announcement will be released in due course setting out the redemption process for Public Shareholders.

 

For further information, please contact:

NEOA

ONE Advisory Limited                         co-sec@oneadvisory.london

 

FGS Global                                             EnergyOne-LON@fgsglobal.com

                                                                +44 (0)20 7251 3801

 

The information contained in this announcement is deemed by NEOA to constitute inside information for the purposes of Article 7 of the UK Market Abuse Regulation. By publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. The person responsible for arranging the release of this announcement on behalf of NEOA is Sanjay Mehta, Executive Director.

The LEI of NEOA is 213800NRR4DCRPRUZ804.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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