REG - EnergyPathways PLC - Additional Fundraise

EnergypathwaysAnnouncement

Tue 12:30

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RNS Number : 3310D  EnergyPathways PLC  14 October 2025

14 October 2025

EnergyPathways plc

 

("EnergyPathways" or the "Company")

 

Additional Fundraise

 

EnergyPathways (AIM: EPP), the energy transition company, is pleased to
announce that, further to the placing and subscription to raise approximately
£1,238,000 ("Fundraise") announced on 13 October 2025, the Company has raised
an additional £125,000 through a private placing and subscription
("Additional Fundraise") conducted on the same terms as the Fundraise.

 

The Additional Fundraise was executed with certain long-term existing
shareholders by way of the issue of 2,083,332 new ordinary shares ("Additional
Fundraise Shares") at a price of 6 pence per share ("Placing Price").

 

As per the Fundraise, investors in the Additional Fundraise will receive one
warrant for each Additional Fundraise Share ("Warrant"). The Warrants have an
exercise price of 9 pence and will expire 2 years after the date of the
Additional Fundraise Shares' admission to trading on AIM. The Warrants have an
exercise accelerator clause, requiring the Warrant holder to either exercise
or lose the Warrants should the price of the Company's Ordinary Shares exceed
12 pence (on a 10-day VWAP basis) over a 30-day period.

 

In connection with the Additional Fundraise, the Company has agreed to issue
83,332 new ordinary shares in respect of commission payable in respect of
assistance with arranging the Additional Fundraise ("Commission Shares") and
8,333 Warrants on the basis of one Warrant for every two Commission Shares on
part of the commission payable.

 

The proceeds of the Additional Fundraise will be used to fund pre-development
activities on the Company's flagship MESH project ("MESH") as announced on 13
October 2025.

 

Admission and Total voting rights

 

The Placing is conditional on the Additional Fundraise Shares, which will be
issued credited as fully paid and will rank pari passu in all respects with
the existing Ordinary Shares, being admitted to trading on AIM
("Admission").  Admission of the Additional Fundraise Shares and the
Commission Shares is expected to occur on or around 27 October 2025.

 

Immediately following Admission (and admission of the Fundraise Shares), the
Company will have 223,121,407 Ordinary Shares in issue. Accordingly, the total
number of Ordinary Shares in the Company with voting rights will be
223,121,407. This figure may be used by shareholders in the Company as
denominator for the calculations by which they may 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 Guidance and
Transparency Rules.

 

 

Commenting on the Additional Fundraise, CEO Ben Clube said:

"We're pleased to have completed this Additional Fundraise with existing
long-term shareholders to raise further funds to deliver near-term
workstreams.  We have strong demand within our shareholder base, recognising
the significant value proposition presented by our MESH project and the
nationally significant potential of our strategy."

 

Engage with us by asking questions, watching video summaries and seeing what
other shareholders have to say. Navigate to our Interactive Investor website
here: https://energypathways.uk/ (https://energypathways.uk/) .

 

 

Enquiries

 

 Investor questions on this announcement                                      https://energypathways.uk/link/eolz7r (https://energypathways.uk/link/eolz7r)
 We encourage all investors to share questions on this announcement via our
 investor hub
 EnergyPathways                                                               Tel: +44 (0)207 466 5000, c/o Buchanan (Financial PR)
 Ben Clube / Max Williams

                                                                              Email : info@energypathways.uk
 Cairn Financial Advisers LLP (Nominated Adviser)                             Tel: +44 (0)20 7213 0880
 Jo Turner / Louise O'Driscoll / Sandy Jamieson
 SP Angel Corporate Finance LLP (Broker)                                      Tel: +44 (0)20 3470 0470
 Richard Hail / Adam Cowl
 Global Investment Strategy UK Limited (Joint Broker)                         Tel: +44 (0)20 7048 9000
 Callum Hill / James Sheehan

 

Subscribe to our news alert service: energypathways.uk
(http://energypathways.uk/auth/signup) /auth/signup
(http://energypathways.uk/auth/signup)

 

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

 

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as general economic, market and business conditions, competition for qualified
staff, the regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political jurisdiction,
uncertainties regarding the results of exploration, uncertainties regarding
the timing and granting of prospecting rights, uncertainties regarding the
timing and granting of regulatory and other third party consents and
approvals, uncertainties regarding the Company's or any third party's ability
to execute and implement future plans, and the occurrence of unexpected
events.

 

Actual results achieved may vary from the information provided herein as a
result of numerous known and unknown risks and uncertainties and other
factors.

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