REG - Earnz PLC - Result of General Meeting & TVR

EarnzAnnouncement

04/04/2024 10:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240404:nRSD3360Ja&default-theme=true

RNS Number : 3360J  Earnz PLC  04 April 2024

For immediate release

4 April 2024

EARNZ plc

("EARNZ" or the "Company")

Result of General Meeting

and

Total Voting Rights

EARNZ plc (AIM: EARN), an AIM Rule 15 cash shell which is seeking acquisitions
in the energy services sector, announces that all resolutions put to
Shareholders at the General Meeting held earlier today were duly passed.

Total Voting Rights

In respect of the Consolidation, to ensure the Existing Shares can be exactly
divisible by 100, the Company has allotted 83 Ordinary Shares which are
expected to be admitted to trading on AIM at 8.00 a.m. on 5 April 2024 to
Neville Registrars Limited.  Subject to the Consolidation becoming effective
at 6.00 p.m. on 5 April 2024 and conditional upon Admission, the Consolidation
will give rise to 9,546,495 New Ordinary Shares of 4p each.

 

Following shareholder approval at the General Meeting and conditional upon
Admission, 39,954,644 Placing Shares, 9,378,689 Subscription Shares and
4,000,000 Loan Shares have been allotted. The Company has therefore allotted a
total of 53,333,333 New Ordinary Shares in connection with the Placing,
Subscription and Loan Conversion. Admission of the New Ordinary Shares is
expected to take place at 8.00 a.m. on 8 April 2024.

 

Following Admission, the total number of New Ordinary Shares will be
62,879,828 with each New Ordinary Share carrying the right to one vote. There
are no shares held in treasury and therefore, following Admission, the total
number of voting rights in the Company will be 62,879,828.

 

The above figure may be used by Shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of the
Company under the FCA's Disclosure, Guidance and Transparency Rules.

Capitalised terms used in this announcement, unless otherwise defined, shall
have the meanings given to them in the Company's announcement dated 18 March
2024.

Enquiries:

 EARNZ plc                                           +44 (0) 7778 798 816
 Bob Holt

John Charlton
 Shore Capital - Nominated Adviser and Joint Broker  +44 (0) 20 7408 4090
 Tom Griffiths / Lucy Bowden
 WH Ireland Limited - Joint Broker                   +44 (0) 20 7220 1666
 Hugh Morgan / Antonio Bossi / Andrew de Andrade

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCIIMLTMTTMMMI