GM Statement

Pineapple Power Corporation PLC

21 May 2026

 

21 May 2026

PINEAPPLE POWER CORPORATION PLC

Results of General Meeting and Capital Reorganisation

Pineapple Power Corporation PLC (LSE: PNPL) (the "Company"), a special purpose acquisition company, announces that at its General Meeting held earlier today, the resolution proposed, as referred to in the Company's announcement of 1 May 2026,  was duly passed.

Proxy votes received appointing the Chair were as follows:

No	Resolution1,2	For	%- For	Against	%-Against	Total	Withheld3
SPECIAL RESOLUTION
1	Sub-division of share capital and amendments to articles of association	11,505,408	95.1%	592,856	4.9%	12,098,264	95,178

1.     The full text of the resolution can be found in the Notice of the General Meeting sent to shareholders on the Company's website at https://www.pineapple-powercorp.com  , and in the National Storage Mechanism of the FCA at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

2.     As at the record date for eligibility to vote at the Company's General Meeting, the Company had 83,332,877 Ordinary Shares in issue.  .

3.     Votes 'Withheld' are not a vote in law and have not been counted in the calculation of the votes % 'For' and % votes 'Against' the resolutions.

Accordingly, at the Record Time for the sub-division (being 6.00pm on today's date), the capital reorganisation will become effective and each existing ordinary share of £0.01 (Existing Ordinary Shares) will be sub-divided into one new ordinary share of £0.001 (New Ordinary Shares) and one deferred share of £0.009.  Applications have been made for the New Ordinary Shares to be admitted to the Official List of the FCA and to trading on the London Stock Exchange's Main Market (Admission), and dealings in the New Ordinary Shares are expected to commence at 8.00 am on 22 May 2026.

The ticker and ISIN for the New Ordinary Shares will remain the same as for the Existing Ordinary Shares, as set out below:

·    Ticker: PNPL

·    ISIN: GB00BD0SN947

Following Admission, the total number of New Ordinary Shares in issue will be 83,332,877, all with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's share capital pursuant to the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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ENQUIRIES

For further information, please contact:

Pineapple Power Corporation PLC
Claudio Morandi - Chairman [e-mail] Adam Park - Director [e-mail]	[phone] [phone]
Corporate Broker AlbR Capital Guy Miller [e-mail]	+ 44 (0) 207469 0930

 

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