REG - EnergyPathways PLC - Issue of Fee Shares

EnergypathwaysAnnouncement

15/04/2024 09:15

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RNS Number : 6112K  EnergyPathways PLC  15 April 2024

 

15 April 2024

 

EnergyPathways plc

 

("EnergyPathways" or the "Company")

 

Issue of Equity

 

EnergyPathways plc (AIM: EPP), an integrated energy transition company,
announces the issue of 579,486 new EnergyPathways ordinary shares of 1 pence
each at 2.8 pence per share ("Fee Shares") in settlement of consultancy fees
to a member of the Marram Project management team.

 

Under the terms of the consultancy agreement signed, the Company settles fifty
percent of the monthly fees in cash, with the remaining fifty percent being
accrued and settled on a periodic basis through the issue of ordinary shares.

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 19April 2024 ("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
159,121,045 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                                        Tel: +44 (0)20 7466 5000, c/o Buchanan (Financial PR)

Ben Clube / Ben Hodges

                                                     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 (Joint Broker)         Tel: +44 (0)20 3470 0470
 Richard Hail / Adam Cowl
 Optiva Securities Limited (Joint Broker)              Tel: +44 (0)20 3137 1903
 Christian Dennis / Daniel Ingram
 Global Investment Strategy UK Limited (Joint Broker)  Tel: +44 (0)20 7048 9000
 Callum Hill / James Sheehan
 Buchanan (Financial PR)                               Tel: +44 (0)20 7466 5000
 Ben Romney / Barry Archer
Email: energy@buchanan.uk.com (mailto:energy@buchanan.uk.com)

 

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

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