EnergyPathways PLC Exercise of Warrants
November 06 2024 - 12:07PM
RNS Regulatory News
RNS Number : 2376L
EnergyPathways PLC
06 November 2024
6 November 2024
EnergyPathways plc
("EnergyPathways" or the
"Company")
Exercise of warrants
EnergyPathways plc (AIM: EPP), an
integrated energy transition company, announces that it has
received notices to exercise a total of 2,337,500 warrants over new
ordinary shares in the Company ("Warrant Shares"). 1,500,000
warrants were exercised at 5p per ordinary share and 837,500 at an
exercise price of 4p per ordinary share, raising a total of
£108,500 for the Company.
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 11 November 2024
("Admission"). The Warrant 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 166,045,345 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.
Ben Clube, CEO of EnergyPathways
commented:
"The
exercising of these warrants demonstrates the value creation we
have delivered for those that backed the Company through the
reverse takeover and admission process. It also
highlights how we seek to maintain capital discipline at all times
by remunerating advisors with success-related paper rather than
cash. It also raises additional funds that further bolster
our balance sheet and provide working capital. The Company has the
financial flexibility and access to capital to progress MESH
through to FID and create significant shareholder
value".
Enquiries:
|
EnergyPathways
Ben Clube / Ben Hodges
|
Tel: +44 (0)20 7466 5000, c/o Buchanan
(Financial PR)
Email : info@energypathways.uk
|
|
Cairn
Financial Advisers LLP (Nominated Adviser)
Jo Turner / Louise O'Driscoll / Sandy Jamieson
|
Tel: +44 (0)20 7213 0880
|
|
SP Angel
Corporate Finance LLP (Joint Broker)
Richard Hail / Adam Cowl
|
Tel: +44 (0)20 3470 0470
|
|
Global
Investment Strategy UK Limited (Joint Broker)
Callum Hill / James Sheehan
|
Tel: +44 (0)20 7048 94
00
|
|
Buchanan
(Financial PR)
Ben Romney / Barry
Archer
|
Tel: +44 (0)20 7466 5000
Email: energy@buchanan.uk.com
|
For further information on
EnergyPathways visit www.energypathways.uk and
@energy_pathways on X (formerly Twitter).
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END
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