Settlement of Historical Contract

Sabien Technology Group PLC

20 May 2026

 

The information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation.

20 May 2026

Sabien Technology Group Plc

("Sabien", the "Company" or the "Group")

Settlement of Historical Contract

Sabien (AIM: SNT), a provider of CO₂ and energy-reduction technologies with its core M2G intelligent boiler optimisation solution, announces a settlement agreement in relation to a historic contract.

The Company's wholly owned subsidiary, Sabien Technology Limited, entered into an agreement at the time of the Company's IPO in 2006, as part of the acquisition of the M2G intellectual property (the "Contract").  In the Company's June 2025 Annual Report, the Company disclosed in Note 23 that a provision had been made for £50,000 in relation to a general provision for a payment obligation in relation to legacy contract liabilities and related costs. The board of directors of Sabien (the "Board" or the "Directors") have now concluded negotiations regarding the Contract and the Company has agreed a full and final settlement (the "Settlement").

Under the Settlement, the Company will pay a total of £90,000, made up as follows:

·    £40,000 in cash, to be paid in four equal quarterly instalments, the first payment to be made this month.

·    £50,000 in Sabien ordinary shares of 3 pence each ("Ordinary Shares"), at a price of 5.71 pence per Ordinary Share, a total of 875,657 new Ordinary Shares (the "Settlement Shares").  This price was calculated on the 10-trading day volume-weighted average price prior to this announcement.   

Admission to trading on AIM

Application will be made to the London Stock Exchange plc for the Settlement Shares to be admitted to trading on AIM ("Admission").

It is currently anticipated that Admission will become effective and that dealings in the Settlement Shares will commence on AIM at 8.00 a.m. on or around 27 May 2026.

Total voting rights

On Admission, the Company will have 27,669,142 Ordinary Shares in issue, each with one voting right. There are no shares held in treasury. Therefore, the Company's total number of Ordinary Shares in issue and voting rights will be 27,669,142 and this figure may be used by Shareholders from Admission 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 under the FCA's Disclosure Guidance and Transparency Rules.

For further information: Sabien Technology Group plc Richard Parris, Executive Chairman	[phone] [e-mail]
Allenby Capital Limited (Nominated Adviser) John Depasquale / Nick Harriss / Vivek Bhardwaj	[phone]
AlbR Capital Limited (Broker) Duncan Vasey / Lucy Williams	[phone]

            About Sabien Technology Group plc

Sabien Technology Group plc provides energy reduction solutions designed to help businesses achieve their sustainability goals, with a particular focus on reducing energy consumption and carbon emissions.

The Sabien Technology Group plc holds the Green Economy Mark from the London Stock Exchange, recognising companies generating over 50% of their revenues from sustainable products and services.

Website: www.sabien.com

 

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