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NEOA New Energy One Acquisition Corporation Plc

1,070.00
0.00 (0.00%)
Last Updated: 01:00:00
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. Redemption of Public Shareholders

15/03/2024 9:51am

RNS Regulatory News


RNS Number : 0543H
New Energy One Acquisition Corp.
15 March 2024
 

RNS Number: 0543H

New Energy One Acquisition Corp

15 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.

FOR IMMEDIATE RELEASE.

 

New Energy One Acquisition Corporation Plc

("NEOA" or the "Company")

Redemption of Public Shareholders

 

Further to the announcement of its intention to cease operations except for the purpose of winding-up dated March 1, 2024, New Energy One Acquisition Corporation Plc ("NEOA" or the "Company"), a special purpose acquisition company, today announces the redemption process for Public Shareholders, the resignation of independent non-executive directors and an update on the Company's admission to listing and trading.

Redemption process for Ordinary Shares held by Public Shareholders

Public Shareholders who are registered in the register of members of the Company as of the close of business (6:00 p.m.) on 15 March 2024 (the "Redemption Record Time") will have their Ordinary Shares redeemed in connection with the cessation of the Company's operations and its decision not to pursue a Business Combination, and their CREST accounts will be credited with the funds by close of business of 3 April 2024 (the "Redemption Date") (subject to the Company having sufficient distributable reserves in order to fund such redemption and subject to all other requirements of applicable law and regulation).

The amount in the Escrow Account for redemption of each Ordinary Share held by Public Shareholders is anticipated to be £10.325 (comprising £10.00 per Offer Share representing the amount subscribed for by Public Shareholders in the Initial Public Offering, together with such Ordinary Shareholders' pro rata entitlement to the Escrow Account Overfunding, expected to be £0.325 per Offer Share. Any interest that accrues on the amount deposited in the Escrow Account, after deductions for any corporation tax charge thereon, will be set off against the amount initially contributed by the Sponsor Entities in respect of the Escrow Account Overfunding.

No action is required to be taken by Public Shareholders at this time. Public Shareholders who hold Ordinary Shares at the Redemption Record Time shall not be able to dispose of, encumber, charge or deal in any whatsoever with their Ordinary Shares and shall have their Ordinary Shares automatically redeemed and payment in respect thereof will be made by the Company's registrar as soon as practicable but no later than the Redemption Date.

Public Warrants

There will be no redemption rights with respect to the Public Warrants which will automatically expire upon completion of the liquidation of the Company.

Resignation of Independent Directors

In light of the Company ceasing all operations except for the purpose of winding-up, the independent non-executive directors of the Company, comprising Volker Beckers, Philip Aiken and Tushita Ranchan, have resigned as directors of the Company effective today.

Admission to listing and trading

The Company hereby gives notice of its requests to the Financial Conduct Authority (the "FCA") for the cancellation of the listing of the Ordinary Shares and the Public Warrants on the standard segment of the Official List of the FCA and to the London Stock Exchange (the "LSE") for the cancellation of the trading of the Ordinary Shares and the Public Warrants the Main Market for listed securities of the LSE. Pursuant to Listing Rule 5.2.8R, the Company is required to give at least twenty business days' notice of the intended cancellation of listing of the Ordinary Shares and the Public Warrants. Accordingly, such cancellation of admission to listing and trading is expected to occur by no later than 17 April 2024.

 

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 LEI of NEOA is 213800NRR4DCRPRUZ804.

 

 

 

 

 

 

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