REG - eEnergy Group PLC - Increase in Ownership in Smart Metering Business

EenergyAnnouncement

10/08/2023 07:00

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RNS Number : 8666I  eEnergy Group PLC  10 August 2023

10 August 2023

 

eEnergy Group plc

("eEnergy" or "the Group")

 

Increase in Ownership in Smart Metering Analytics Business

 

eEnergy (AIM: EAAS), the net zero energy services provider, is pleased to
announce that it has increased its ownership in its subsidiary, eEnergy
Insights Ltd ("EIL"), which holds the Group's MY ZeERO smart metering and
analytics platform, to 100% through the acquisition of the minority holdings
of two former management shareholders. Related to this transaction, the
Company has issued 1,366,666 new ordinary shares of 0.3p in eEnergy ("Ordinary
Shares") to the vendors.

 

Admission and Total Voting Rights

 

Application has been made for admission of the 1,366,666 new Ordinary Shares,
which will rank pari passu with existing Ordinary Shares, to trading on AIM
("Admission"). It is expected that Admission will become effective, and
trading in the new Ordinary Shares will commence, on or around 8:00 a.m. on 14
August 2023.

 

On Admission, the enlarged issued share capital of the Company will be
352,146,625 Ordinary Shares. 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.

 

 

Contacts:

 

 eEnergy Group plc                             Tel: +44 20 7078 9564
 Harvey Sinclair, Chief Executive Officer      info@eenergyplc.com (mailto:info@eenergyplc.com)  ; www.eenergyplc.com

                                             (http://www.eenergyplc.com)
 Crispin Goldsmith, Chief Financial Officer

 Strand Hanson Limited (Nominated Adviser)     Tel: +44 20 7409 3494
 Richard Johnson, James Harris

 Canaccord Genuity Limited (Joint Broker)      Tel: +44 20 7523 8000
 Max Hartley, Tom Diehl (Corporate Broking)

 Turner Pope Investments (Joint Broker)        Tel: +44 20 3657 0050
 Andy Thacker, James Pope                      info@turnerpope.com

 Tavistock                                     Tel: +44 207 920 3150
 Jos Simson, Heather Armstrong, Katie Hopkins  eEnergy@tavistock.co.uk (mailto:eEnergy@tavistock.co.uk)

 

About eEnergy Group plc

eEnergy (AIM: EAAS) is a net zero energy services provider, empowering
organisations to achieve net zero by tackling energy waste and transitioning
to clean energy, without the need for upfront investment. It is making net
zero possible and profitable for all organisations in four ways:

 ·             Transition to the lowest cost clean energy through the Group's digital
               procurement platform and energy management services. 
 ·             Tackle energy waste with granular data and insight on energy use and dynamic
               energy management. 
 ·             Reduce energy use with the right energy efficiency solutions without upfront
               cost. 
 ·             Reach net zero with onsite renewable generation and electric vehicle (EV)
               charging.

 

eEnergy is a Top 5 B2B energy company and has been awarded The Green Economy
Mark by London Stock Exchange.

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