REG - EnergyPathways PLC - Issue of fee shares

EnergypathwaysAnnouncement

04/08/2025 08:15

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RNS Number : 7996T  EnergyPathways PLC  04 August 2025

4 August 2025

EnergyPathways plc

 

("EnergyPathways" or the "Company")

 

Issue of fee shares

 

EnergyPathways plc (AIM: EPP), an integrated energy transition company,
announces the issue of 2,495,008 new ordinary shares of 1 pence each ("Fee
Shares") in settlement of consultancy fees for members of the Marram Project
management team for Q2 2025 or in settlement of remuneration in respect of a
former director.

 

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 866,083 Fee
Shares, representing a total of £48,061.80 in fees payable by the Company at
a price of approximately 5.55p 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.

 

A further 1,628,945 New Ordinary Shares have been issued in lieu of cash in
respect of £51.310.75 of salary owed to Mr Ben Hodges for his services as a
director, in accordance with the agreement between the Company and Mr Hodges
made at the time of IPO and disclosed in the Company's AIM admission
document.  These fees have been accrued by the Company since IPO, calculated
monthly based on the VWAP of the Company's Ordinary Shares. This represents a
value of approximately 3.15p per New Ordinary Share.

 

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 7 August 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
197,935,414 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 / 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 (Joint 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
 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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