REG - AMTE Power PLC - Posting of Circular

Amte PowerAnnouncement

11/09/2023 12:30

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RNS Number : 0444M  AMTE Power PLC  11 September 2023

11 September 2023

 

AMTE Power Plc

("AMTE Power" or the "Company")

Posting of Circular

 

AMTE Power plc (AIM: AMTE), a leading UK developer and manufacturer of battery
cells for specialist markets, announces that, further to the announcement made
on 8 September 2023 regarding a placing to raise £2.1m and a proposed retail
offer to raise up to £0.25 million (the "Previous Announcement"), the
Circular was posted to Shareholders on the same day and is available to be
viewed on the Company's website at https://amtepower.com/investors/
(https://amtepower.com/investors/) .

The Circular outlines the timetable for the General Meeting and admission of
the Conditional Placing Shares, as well as the Retail Offer. Extracts from the
timetable are included below:

 

                                                                                 2023
 Latest time and date for receipt of Form of Proxy                               10.00am. on 21(st) September
 General Meeting                                                                 10.00am. on 25(th) September
 Conditional Admission and commencement of dealings in the Conditional Placing   8.00 a.m. on 26(th) September
 Shares on AIM
 CREST accounts credited with Conditional Placing Shares in uncertified form     8.00 a.m. on 26(th) September
 Announcement and Launch of Retail Offer                                         26(th) September
 Dispatch of share certificates in respect of the Conditional Placing Shares to  Within 14 days of Conditional Admission(3)
 be issued in certified form
 Close of Retail Offer                                                           29(th) September
 Retail Offer Admission and commencement of dealings in the Retail Shares on     8.00 a.m. on 2(nd) October(4)
 AIM
 CREST accounts credited with Retail Shares in uncertificated form               8.00 a.m. on 2(nd) September
 Dispatch of share certificates in respect of the Retail Shares to be issued in  Within 14 days of Retail Admission
 certified form

Notes:

1.      Each of the times and dates above are indicative only and are
subject to change. If any of the above times and/or dates change, the revised
times and/or dates will be notified by the Company to the Shareholders by
announcement through a regulatory information service.

2.      All of the above times refer to London time unless otherwise
stated.

3.      The admission and commencement of dealings in the Conditional
Placing Shares on AIM are conditional on, inter alia, the passing of the
Resolutions at the General Meeting.

4.      The admission and commencement of dealings in the Retail Shares
on AIM are conditional on, inter alia, the passing of the Resolutions at the
General Meeting.

5.      All defined terms have the same meanings as outlined in the
Circular.

 

Capitalised terms used but not otherwise defined in this announcement shall
have the meanings ascribed to such terms in the Previous Announcement, unless
the context requires otherwise.

 

Enquiries

 AMTE Power plc                                        +44 (0)1847 867 200
 Alan Hollis (Chief Executive Officer)

 Anita Breslin (Chief Financial Officer)

 WH Ireland (NOMAD and Joint Broker)                   +44 (0)207 220 1666
 Chris Fielding / James Bavister (Corporate Finance)
 Fraser Marshall (Corporate Broking)

 Panmure Gordon (UK) Limited (Joint Broker)            +44 (0)207 886 2500
 John Prior / James Sinclair-Ford (Corporate Finance)
 Hugh Rich (Corporate Broking)

 Camarco (Financial PR)                                +44 (0)203 757 4992 / 4981
 Ginny Pulbrook / Rosie Driscoll

 

About AMTE Power

AMTE Power was founded in 2013 and is a leading UK developer and manufacturer
of lithium-ion and sodium-ion battery cells for specialist markets. In March
2021, the Company was admitted to trading on the AIM market of the London
Stock Exchange. The Company is focused on launching a series of next
generation battery cells based on new chemistries and cell structures that are
designed to solve key problems in power delivery, energy performance, and
safety. These new products are targeted at a range of specialist markets
including the electric vehicle industry and energy storage sector.

AMTE Power's purpose-built cell manufacturing facility in Thurso, Scotland has
the second largest cell manufacturing capacity in the UK and the Company also
has a product development team based in Oxford. AMTE's proposed gigafactory in
Dundee, Scotland is expected to be capable of producing over 8 million battery
cells per annum enabling the Company to rapidly scale up cell production.

For further information visit the Company's website:  www.amtepower.com
(http://www.amtepower.com)

 

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