Result of AGM

RNS Number : 5970K
Edenville Energy PLC
05 January 2021
 

5 January 2021

 

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

 

Result of Annual General Meeting

Share Capital Reorganisation

 

Edenville Energy Plc (AIM: EDL), the AIM quoted company operating the Rukwa Coal Project in southwest Tanzania announces that at its Annual General Meeting ("AGM") held today all resolutions were passed.  The votes were cast as follows:

 

Resolution

Votes For

Votes Against

Withheld

One - Receipt of 2019 accounts

408,437,296

155,000

50,761

Two - Re-appointment of auditors

373,130,148

35,462,148

50,761

Three - Re-election of retiring Directors

407,382,969

1,209,327

50,761

Four - Allotment of relevant securities (General)

391,088,246

17,484,050

70,761

Five - Allotment of relevant securities (Lind Funding Agreement)

400,187,871

8,384,425

70,761

Six - Share Consolidation

397,991,616

9,633,480

1,010,761

Seven - Subdivision of Shares

397,992,116

9,612,980

1,010,761

Eight - Disapplication of pre-emption rights (General)

361,585,343

45,852,497

1,208,017

Nine - Disapplication of pre-emption rights (Lind Funding Agreement)

361,585,343

45,842,497

1,208,017

 

 

Completion of Capital Reorganisation

The Resolutions include those necessary to implement the Consolidation and Capital Reorganisation which the Company announced on 11 December 2020. As such, the Company expects 8,145,575 ordinary shares of £0.01 each (the "New Ordinary Shares") to be readmitted to trading on AIM on 6 January 2021 (see below). The ISIN and SEDOL codes for the New Ordinary Shares are as follows:

 

ISIN code for New Ordinary Shares

GB00BN47NP32

SEDOL code for the New Ordinary Shares

BN47NP3

 

Admission to AIM and Total Voting Rights

Dealings on AIM in the Company's Existing Ordinary Shares will cease at the close of business on 5 January 2021.

 

Application has been made for the admission of 8,145,575 New Ordinary Shares to trading on AIM. It is expected that Admission will take place and that trading in the New Ordinary Shares will commence, at 8.00 a.m. on 6 January 2020. No application will be made for admission of the New Deferred Shares to trading on AIM nor will any such application by made to any other exchange.

 

Following Admission, there will be a total of 8,145,575 New Ordinary Shares in issue.  The Company does not hold any shares in treasury.  Consequently, 8,145,575 is the figure which may be used by Shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014. 

 

This announcement should be read in conjunction with the Notice of AGM and the Company's announcement dated 11 December 2020. Capitalised terms used but not otherwise defined in this announcement bear the meanings ascribed to them in the Notice of AGM and the announcement dated 11 December 2020.

 

For further information please contact:

 

Edenville Energy Plc

Jeff Malaihollo - Chairman

Alistair Muir - CEO

 

+44 (0) 20 3934 6630

SP Angel Corporate Finance LLP

(Nominated Adviser)

David Hignell

Charlie Bouverat

 

+44 (0) 20 3470 0470

Brandon Hill Capital Ltd

(Broker)

Oliver Stansfield, Jonathan Evans

 

+44 20 7936 5200

IFC Advisory Limited

(Financial PR and IR)

Tim Metcalfe

Florence Chandler

+44 (0) 20 3934 6630

 

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