REG - AMTE Power PLC - Sale of business and assets

Amte PowerAnnouncement

02/02/2024 07:00

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RNS Number : 7854B  AMTE Power PLC  02 February 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE UK VERSION OF REGULATION (EU) NO 596/2014 WHICH FORMS PART OF UK LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.  UPON THE
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

1 February 2024

For immediate release

AMTE Power Plc

Sale of business and assets

AMTE Power Plc (AIM: AMTE) (the "Company") announces that, further to its
announcement of Richard Bloomfield, Ian Corfield and Michelle Marie Elliot of
FRP Advisory Trading Limited as joint administrators (the "Joint
Administrators") on 19 January 2024, the Joint Administrators have entered
into a business and asset sale agreement (the "Sale Agreement") concerning the
sale (the "Sale") of part of the trading business and certain assets of the
Company to LionVolt Ltd. a newly incorporated, wholly-owned subsidiary of
LionVolt B.V. (other than certain excluded assets).

Following the resignation of WH Ireland Limited ("WH Ireland") as the
Company's nominated adviser on 19 January 2024 and the fact that the Company's
ordinary shares currently remain suspended from trading on AIM, it remains the
case that, if the Company fails to appoint a replacement nominated adviser
within one month of WH Ireland's resignation, the admission of the ordinary
shares to trading on AIM will be cancelled.

Enquiries

 FRP Advisory Trading Limited  amtepowershareholders@frpadvisory.com
                               (mailto:amtepowershareholders@frpadvisory.com)
 Richard Bloomfield

 Ian Corfield

 Michelle Marie Elliot

 

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