REG - Clontarf Energy PLC - Result of AGM and Capital Reorganisation

Clontarf EnergyAnnouncement

04/08/2022 13:15

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RNS Number : 9766U  Clontarf Energy PLC  04 August 2022

4 August 2022

 

 

Clontarf Energy plc

("Clontarf" or "the Company")

 

Result of AGM and Capital Reorganisation

 

The directors of Clontarf Energy plc (AIM:CLON) announce that at the Annual
General Meeting of the Company held earlier today (the "AGM"), all resolutions
put to shareholders were duly passed.

 

The full text of the resolutions can be found in the Notice of the Annual
General Meeting contained in the Company's Annual Report for the year ended 31
December 2021 (the "Annual Report") which was posted to shareholders on 29
June 2022 and is available on the Company's website at
https://clontarfenergy.com/ (https://clontarfenergy.com/) .

 

Capital Reorganisation

 

At the AGM, shareholders approved the Capital Reorganisation, as detailed in
the Annual Report.

 

The Capital Reorganisation consists of each of the 2,370,826,117 issued
ordinary shares of 0.25 pence each in the capital of the Company ("Existing
Ordinary Shares") and any unissued ordinary shares of 0.25 pence each in the
capital of the Company being subdivided into one new Ordinary Share of 0.01
pence each ("New Ordinary Shares") and one deferred share of 0.24 pence each
("Deferred Shares") on the basis of one New Ordinary Share and one Deferred
Share for each Existing Ordinary Share.

 

Following the Capital Reorganisation, the Company will have a single class of
ordinary shares of 0.01 pence each, being the New Ordinary Shares.

 

Admission of the New Ordinary Shares to trading on AIM

 

Application has been made to the London Stock Exchange plc for the admission
to trading on AIM of the New Ordinary Shares, which is expected to become
effective and dealings commence at 8.00 a.m. on or around 5 August 2022 (the
"Reorganisation Admission").

Total voting rights, ISIN, SEDOL and par value

Pursuant to the Capital Reorganisation, the New Ordinary Shares will have the
same ISIN, SEDOL code and number of total voting rights as the Existing
Ordinary Shares.

Accordingly, upon the Reorganisation Admission, the Company's issued share
capital will consist of 2,370,826,117 New Ordinary Shares each with one voting
right. The Company does not hold any ordinary shares in treasury. This figure
may be used by shareholders in the Company as the denominator for the
calculation by which they may determine if they are required to notify their
interest in, or change to their interest in, the share capital of the Company
under the FCA's Disclosure Guidance and Transparency Rules. In addition, the
ISIN and SEDOL code of the New Ordinary Shares remains the same as for the
Existing Ordinary Shares, being GB00B09WLX62 and B09WLX6, respectively.

Unless otherwise defined, capitalised terms in this announcement have the same
meanings as in the Annual Report sent to shareholders dated 29 June 2022.

 

 

 

 

 

 

 

 

 

For further information please visit http://clontarfenergy.com
(http://clontarfenergy.com) or contact:

 

 Clontarf Energy                    +353 (0) 1 833 2833

 David Horgan, Chairman

 Jim Finn, Director

 Nominated & Financial Adviser      +44 (0) 20 7409 3494

 Strand Hanson Limited

 Rory Murphy

 Ritchie Balmer
 Broker                                     +44 (0) 207 399 9400

 Novum Securities Limited

 Colin Rowbury

 Public Relations                   +44 (0) 207 138 3206

 BlytheRay

 Megan Ray
 Teneo                              +353 (0) 1 661 4055

 Luke Hogg

 Alan Tyrrell

 Ciara Wylie

 

 

 

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