REG - eEnergy Group PLC - Result of General Meeting

EenergyAnnouncement

07/02/2024 12:00

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RNS Number : 3682C  eEnergy Group PLC  07 February 2024

 

7 February 2024

 

eEnergy Group plc

("eEnergy", "the Company" or "the Group")

 

Result of General Meeting

 

On 22 January 2024, the board of eEnergy announced that it had entered into an
agreement to sell the Company's wholly owned Energy Management Division to
Flogas for an initial consideration of £29.1 million and additional
contingent consideration which may be payable based on the trading performance
of the Energy Management Division for the period to 30 September 2025.

 

Capitalised terms used in this announcement have the meanings given to them in
the circular published by eEnergy on 22 January 2024 and available at:
www.eenergyplc.com/investors (http://www.eenergyplc.com/investors) (the
"Circular"), unless the context provides otherwise.

 

eEnergy is pleased to announce that at the General Meeting held today at 9.00
am, shareholders approved the Resolution to dispose of the Energy Management
Division.

 

The Company expects to receive the Initial Cash Consideration of £25 million
on Completion, which is expected to occur and be announced in the coming days.

 

Full details of the Resolution are set out in the notice of the General
Meeting contained in the Circular.

The total number of proxy votes received in respect of the Resolution were as
follows:

  Resolution                                                For          %       Against  %      Total(*)     Withheld
 Disposal by the Company of the Energy Management Division  224,063,733  99.98%  38,046   0.02%  224,101,779  186,388

 

 *  Excludes withheld votes

 

For further information, please visit www.eenergyplc.com
(http://www.eenergyplc.com) or contact:

 

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

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

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

 

 

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