REG - Earnz PLC - Result of GM, Issue of Equity & Directorate Change

EarnzAnnouncement

30/06/2025 11:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250630:nRSd9960Oa&default-theme=true

RNS Number : 9960O  Earnz PLC  30 June 2025

30 June 2025

EARNZ plc

("EARNZ" or the "Company")

Result of General Meeting,

Issue of Equity

and

Directorate Changes

 

 

EARNZ plc (AIM: EARN), an energy services company whose objective is to
capitalise on the drive for global decarbonisation, is pleased to announce
that the Resolutions put to its General Meeting held earlier today were duly
passed.

 

Following the passing of the Resolutions, the Board has allotted 3,611,111 new
ordinary shares of 4 pence each in the Company as part of the initial
consideration payable for the acquisition of A&D Carbon Solutions LTD
("A&D"), as announced on 12 June 2025 ("Consideration Shares").

 

Application has been made to the London Stock Exchange for the Consideration
Shares to be admitted to trading on AIM. Admission of the Consideration Shares
to trading on AIM is expected to become effective at 8.00 a.m. on 1 July 2025
which is when completion of the acquisition of A&D becomes effective
("Completion").

The Consideration Shares will rank pari passu in all respects with the
Existing Shares and will rank in full for all dividends and other
distributions declared, made or paid on the Consideration Shares after Second
Admission. Definitive share certificates in respect of the Consideration
Shares will be despatched within 10 business days of the Second Admission.

 

In addition, as previously announced, on Completion, Peter Smith will be
appointed as Chief Executive Officer, Bob Holt will become Non-Executive
Chair, and John Charlton will resign as a director but remain as Company
Secretary. Further details relating to Peter Smith pursuant to AIM Rule 17 and
Schedule Two (g) of the AIM Rules for Companies ("AIM Rules") are set out in
the Appendix below.

Capitalised terms not defined in this announcement have the meanings given to
them in the Company's circular dated 12 June 2025.

Enquiries:

 

 EARNZ plc                                     +44 (0) 7778 798 816
                                               +44 (0) 77 3677 7790
 Bob Holt / Elizabeth Lake / John Charlton

 Shore Capital - Nominated Adviser and Broker  +44 (0) 20 7408 4090

 Tom Griffiths / Tom Knibbs / Lucy Bowden

 Zeus Capital - Joint Broker                   +44 (0) 203 829 5000
 Antonio Bossi / Andrew de Andrade

 

Appendix - AIM Rule 17

 

Save for the information set out below, there are no further disclosures to be
made in accordance with Rule 17, Schedule Two (g) of the AIM Rules in respect
of the appointment of Peter David Mawby Smith, aged 54. Peter owns 1,013,888
Ordinary Shares which, following Second Admission, will represent
approximately 0.84% of the Company's issued share capital.

 

Current Directorships/Partnerships

Datanomy Technologies Limited

 

Past Directorships/Partnerships (within 5 years)

Aaron Heating Services Limited

Bury Metering Services Limited

Cap10 4Netzero Bidco Limited

Corenergy Limited

F J Jones Heating Engineers Limited

F J Jones Holdings Limited

Just Energy Solutions Limited

Mawby Smith Finance Limited

P L S Holdings Limited

P L S Industries LTD.

PLS GRP Ltd

Precision Lift Services Limited

Smart Metering Limited

Speedfit Limited

Sure Maintenance Group Limited

Sureserve Asset Services Limited

Sureserve Compliance Fire Limited

Sureserve Compliance Central Limited

Sureserve Compliance Holdings Limited

Sureserve Compliance Northwest Limited

Sureserve Compliance South Limited

Sureserve Compliance Water Limited

Sureserve Design & Build Limited

Sureserve Energy Holdings Limited

Sureserve Energy Services Meters Limited

Sureserve Energy Services UK Limited

Sureserve Group Limited

Sureserve Holdings Limited

Sureserve Property Investments Limited

Sureserve VGS Limited

Vinshire Gas Services Limited

 

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  ROMEAEKEDFPSEFA