Issue of fee shares

Energypathways

04/06/2025 07:00

RNS Number : 3024L

EnergyPathways PLC

04 June 2025

 

4 June 2025

EnergyPathways plc

 

("EnergyPathways" or the "Company")

 

Issue of fee shares

 

EnergyPathways plc (AIM: EPP), an integrated energy transition company, announces the issue of 717,578 new ordinary shares of 1 pence each at ("Fee Shares") in settlement of consultancy fees for members of the Marram Project management team for Q1 2025.

 

Pursuant to the terms of the agreements with the Company's consultants, monthly fees are settled through a combination of cash payments and the periodic issue of new shares. Accordingly, the Company has issued 717,578 Fee Shares, representing a total of £48,843.20 in fees payable by the Company at a price of approximately 6.81p per Fee Share. The pricing for these shares is based on the 5 day VWAP for the last five days of trading, calculated on a monthly basis.

Admission and Total Voting Rights

Application will be made for the Fee Shares to be admitted to trading on AIM, which is expected to occur on or around 9 June 2025 ("Admission"). The Fee Shares will rank pari passu in all respects with the Company's existing ordinary shares currently traded on AIM.

Following Admission, the Company's issued share capital will comprise 186,028,644 ordinary shares of 1 pence each. This number will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Enquiries:

 

EnergyPathways
 Ben Clube / Max Williams
Tel: +44 (0)20 7466 5000, c/o Buchanan (Financial PR)
Email : info@energypathways.uk
Cairn Financial Advisers LLP (Nominated Adviser)Jo Turner / Louise O'Driscoll / Sandy Jamieson
Tel: +44 (0)20 7213 0880
SP Angel Corporate Finance LLP (Joint Broker)Richard Hail / Adam Cowl
Tel: +44 (0)20 3470 0470
Global Investment Strategy UK Limited (Joint Broker)Callum Hill / James Sheehan
Tel: +44 (0)20 7048 9000
Buchanan (Financial PR)Ben Romney / Barry Archer
Tel: +44 (0)20 7466 5000
 Email: energy@buchanan.uk.com

 

For further information on EnergyPathways visit www.energypathways.uk and @energy_pathways on X (formerly Twitter).

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