REG - Molecular Energies - Last Day of Dealing on AIM

Molecular EnergiesAnnouncement

26/04/2024 07:00

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RNS Number : 1174M  Molecular Energies PLC  26 April 2024

26 April 2024

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET
ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED) ("MAR"). UPON
THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE,
THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

MOLECULAR ENERGIES PLC

("Molecular" or the "Company")

 

Last Day of Dealings on AIM

Post Cancellation Shareholder Communications

 

Molecular Energies plc (AIM: MEN), provides an update on the matters
described in the circular to shareholders dated 28 March 2024 and further
information on shareholder communication following cancellation of the
admission of the Company's ordinary shares to trading on AIM ("Cancellation").

Cancellation of admission to AIM

Cancellation will take place at 7.00 a.m. on 29 April 2024. The final day of
dealings in the Company's shares on AIM is today, 26 April 2024.

Website

The current format of the website of the Company will be re-structured and
will be live with effect from 1 May 2024.

The website will provide up to date information with regard to all material
developments of the Company and members of its group. Whilst some sections of
the current website will no longer be applicable, in order to promote
transparency as a private company new features will be added with the aim of
strengthening the connection between the Company and its remaining
shareholders.

Communication

Molecular recognises that as a private company, it is imperative to ensure
that those who came on its journey are kept regularly informed.

Accordingly, Molecular will publish news of all material developments both on
its website and via its social media accounts, which it will continue to
maintain. A regular newsletter providing business updates will be issued with
the first anticipated by 30 September 2024, by which date the Company
anticipates that it will publish its annual accounts for the year ended 31
December 2023. The Company will maintain its shareholder communications email
address - info@molecularenergiesplc.com (mailto:info@molecularenergiesplc.com)
- and investors wishing to receive these regular updates or enter into
dialogue with the Company are encouraged to email that address requesting to
sign up.

Dealing Arrangements

The Company's ordinary shares will be admitted to trading on the JP
Jenkins securities matching platform from the 29 April 2024.

JP Jenkins provides a securities matching venue for unlisted or unquoted
assets in companies, enabling shareholders and prospective investors to buy
and sell shares on a matched bargain basis. JP Jenkins is a trading name of
InfinitX Limited and Appointed Representative of Prosper Capital LLP
(FRN453007).

Shareholders wishing to trade these securities can do so through their
stockbroker. Trades will be conducted at a level that JP Jenkins is able to
match a willing seller and a willing buyer. Trades can be conducted, and
limits can be accepted, during normal business hours. Shareholders or
potential investors can place limits via their existing UK regulated
stockbroker.

The indicative pricing for the ordinary Shares (ISIN: GB00BMT80K89), as well
as the transaction history, will be available on the JP Jenkins website
at (https://jpjenkins.com/company/molecular-energies/
(https://jpjenkins.com/company/molecular-energies/) ).

The provision of the matched bargain facility will be kept under review by the
Board and, in determining whether to continue to offer a matched bargain
facility, the Company shall consider expected (and communicated) shareholder
demand for such a facility as well as the composition of the Company's
register of members and the costs to the Company and shareholders.

 

  Molecular Energies PLC                                             +44 (0)20 7016 7950

 Peter Levine, Chairman                                              info@molecularenergiesplc.com (mailto:info@molecularenergiesplc.com)

 Rob Shepherd, Group FD
 Cavendish Capital Markets Limited (Nominated Adviser & Broker)      +44 (0)20 7220 0500

 Simon Hicks

 George Dollemore
 Tavistock (Financial PR & IR)                                       +44 (0)20 7920 3150

 Simon Hudson, Nick Elwes, Saskia Sizen
 JP Jenkins (Matched Bargain Settlement Facility)                    +44 (0)20 7469 0937

 Veronika Oswald - Director

 

For the purposes of MAR, Article 2 of Commission Implementing Regulation (EU)
2016/1055 and the UK version of such implementing regulation (as
amended), the person responsible for arranging for the release of this
Announcement on behalf of the Company is Peter Levine, Chairman.

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