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NEOA New Energy One Acquisition Corporation Plc

0.00 (0.00%)
24 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. Related Party Transaction (0122L)

31/08/2023 7:06pm

UK Regulatory

New Energy One Acquisition (LSE:NEOA)
Historical Stock Chart

From May 2023 to May 2024

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RNS Number : 0122L

New Energy One Acquisition Corp.

31 August 2023

New Energy One Acquisition Corporation plc

("NEOA," or the "Company")

Related Party Transaction

New Energy One Acquisition Plc announces that it has entered into a loan agreement with Eni International B.V. ("Eni") on 30 August 2023 (the "Loan Agreement") which is intended to provide working capital for NEOA.

Eni is a shareholder of NEOA and holds 1,750,000 Ordinary Shares and 1,068,750 Sponsor Shares, representing in aggregate approximately 45% of NEOA's issued share capital.

Pursuant to the Loan Agreement, Eni has agreed to provide NEOA with an unsecured loan of GBP3.6 million (the "Loan") for general corporate purposes. NEOA intends to repay the Loan following completion of a business combination. The Loan, together with all interest accrued thereon, is repayable in full on or before the expiry date of 31 March 2024.

Jadran Trevisan, a director of NEOA, nominated by Eni, did not take part in the NEOA board's consideration of the Loan or vote on the board resolution to approve the Loan.

The Loan constitutes a material related party transaction for the purposes of paragraph 7.3 of the Disclosure Guidance and Transparency Rules. NEOA's directors (other than Jadran Trevisan) confirm that the Loan is fair and reasonable from the perspective of NEOA and its shareholders (other than Eni).

For further information please contact:


Sanjay Mehta

FGS Global

+44 (0)20 7251 3801

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(END) Dow Jones Newswires

August 31, 2023 11:59 ET (15:59 GMT)

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