REG - Atrato Onsite Energy - Result of General Meeting

Atrato Onsite EnergyAnnouncement

13/12/2024 13:00

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RNS Number : 0810Q  Atrato Onsite Energy PLC  13 December 2024

Atrato Onsite Energy plc

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION.

FOR IMMEDIATE RELEASE

13 December 2024

Atrato Onsite Energy plc

 

Result of General Meeting - Members' Voluntary Liquidation of the Company

 

On 27 November 2024, Atrato Onsite Energy plc (the "Company") published a
shareholder circular (the "Liquidation Circular") containing a notice of
General Meeting (the "Notice") in relation to the proposed members' voluntary
liquidation of the Company. At the General Meeting held earlier today, the
special resolution to place the Company into members' voluntary liquidation,
as set out in the Notice, was duly passed by way of a poll. Accordingly, Derek
Neil Hyslop and Richard Peter Barker of Ernst & Young LLP have been
appointed as joint liquidators of the Company (the "Liquidators").

 

The results of the poll, including the proxy votes received, were as follows:

 

 Resolution                                                                 In favour (including discretionary)                   Against                                   % of issued share capital  Votes withheld*
                                                                            Votes               % (of votes cast excl. withheld)  Votes   % (of votes cast excl. withheld)
 To approve the members' voluntary liquidation of the Company, appoint the  71,454,718          99.93%                            50,856  0.07%                             47.67%                     8,983
 Liquidators and grant the Liquidators certain powers.

 

* A vote withheld is not a vote in law and is therefore not counted towards
the proportion of votes "in favour" or "against" a resolution.

 

Suspension and Cancellation of Shares

As set out in the Liquidation Circular, the Company's Ordinary Shares were
suspended from listing on the Official List of the Financial Conduct Authority
and from trading on the main market of the London Stock Exchange at 7.30 a.m.
this morning, 13 December 2024, in anticipation of the General Meeting.

 

Applications have been made to the Financial Conduct Authority and to the
London Stock Exchange for the cancellation of the listing and admission to
trading of the Ordinary Shares, respectively, with effect from 8.00 a.m. on 16
December 2024.

 

Initial Distribution

As set out in the Liquidation Circular, it is anticipated that the Liquidators
will be in a position to make an initial distribution of substantially all of
the net assets of the Company in late January or early February 2025.

 

It is estimated that the value of the Initial Distribution will be no less
than 77.0  pence per Ordinary Share.

 

Notes:

 

Defined terms used in this announcement shall, unless the context requires
otherwise, have the meanings ascribed to them in the Liquidation Circular,
which is available on the Company's website at https://atratorenewables.com/
(https://atratorenewables.com/) .

 

A copy of this announcement will be available on the Company's website and in
accordance with UK Listing Rule 6.4.2, a copy of the full text of the
resolution passed will be shortly submitted to the National Storage Mechanism
of the FCA and will shortly be available for inspection
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

For further information, please contact:

 Ernst & Young LLP (Liquidators)      +44 0131 777 2000

 Derek Hyslop

 Richard Barker

Notes to Editors

Atrato Onsite Energy plc (LSE: ROOF) is an investment company. Its shares were
admitted to trading on the premium segment of the Main Market of the London
Stock Exchange on 23 November 2021.

Further information is available on the Company's
website https://atratorenewables.com/.

The Company's LEI is 213800IE1PPREDIIZB62.

The person responsible for arranging release of this announcement on behalf of
Atrato Onsite Energy plc is Rebecca Lillington, Company Secretary at Hanway
Advisory Limited.

 

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