TIDMSGN

RNS Number : 8625Y

Solgenics Limited

10 May 2023

News Release

Notice of General Meeting

10 May 2023: Solgenics Limited ("Solgenics" or the "Company") (AIM:SGN), the African power development company focused on renewable energy solutions, announces that, further to the announcement on 3 May 2023, it will today publish and post a Shareholder circular (the "Circular") containing, amongst other things, further details of the proposed cancellation of the Company's ordinary shares from admission to trading on AIM and the associated resolutions to be proposed at a general meeting of the Company (the "General Meeting"). The General Meeting will be held at the offices of Simmons & Simmons LLP at CityPoint, One Ropemaker Street, London, EC2Y 9SS at 10.00 a.m. on 26 May 2023.

At the General Meeting, the Company is seeking shareholder approval to cancel the admission of Ordinary Shares to trading on AIM and if the cancellation is approved to amend the Company's Articles of Association.

A copy of a shareholder circular will shortly be available for viewing on the Company's website at http://www.solgenics.com/investors .

Enquiries

For further information please visit www.solgenics.com or contact:

 
 Solgenics:                  Hanno Pengilly                     +27 (0) 71 362 3566 
 Liberum Capital Limited:    Scott Mathieson, Edward Thomas,    +44 (0) 20 3100 
  NOMAD & Joint Broker        Kane Collings                      2000 
 Novum Securities 
  Limited                                                       +44 (0) 20 7399 
  Joint Broker               Colin Rowbury                       9427 
 
   Pimlico Advisory 
   Ltd                                                          +44 (0) 777 56 55 
   Investor Relations        Elizabeth Johnson                   927

About Solgenics

Solgenics is an African renewable energy development company focused on the development of a 300MW solar PV plus BESS renewable energy in the Tete Province in northern Mozambique (the "Tete Solar Project").

It is the intention that the Tete Solar Project will connect to the Mozambique grid with target power offtakers in Mozambique and the Southern African Power Pool ("SAPP").

The Tete Solar Project takes full advantage of Mozambique's leading sustainable energy resources and is fully aligned with Government's objective to become a champion for energy transition impacting all Southern Africa.

On 3 May 2023, Solgenics announced that it will shortly be posting a circular to shareholders (in connection with a proposal for the cancellation of admission of the ordinary shares of no par value in the Company ("Ordinary Shares") to trading on AIM (the "Cancellation"), pursuant to Rule 41 of the AIM Rules for Companies. Accordingly, if the resolution to approve the cancellation is approved by shareholders, the last day of dealings in the Ordinary Shares on AIM is expected to be 6 June 2023, and the Cancellation is expected to become effective at 7.00 a.m. on 7 June 2023.

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May 10, 2023 02:00 ET (06:00 GMT)

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