REG - Esken Limited - EGM Results and Further Updates

EskenAnnouncement

24/11/2023 17:15

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RNS Number : 6555U  Esken Limited  24 November 2023

 

24 November 2023

ESKEN LIMITED

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

 

Result of General Meeting

Update on the Disposal

Notice of Results

 

Esken, the aviation and renewable energy group, announces the result of voting
on the resolutions at its General Meeting held at 9.30 a.m. on 24 November
2023. Capitalised terms in this announcement have the meanings attributed to
them in the Company's circular to shareholders dated 6 November 2023.

 

Resolutions 1 to 3 in the Notice of General Meeting were passed by the
required majority by means of a poll. The results of the poll on each
resolution are set out below.

 

Results

 

                                                            For                   Against              Total votes cast  Votes withheld
 Resolution                                                 No. of votes  %       No. of votes  %      No. of votes      No. of votes
 1.    Approval of Disposal of Esken Renewables Limited     723,926,307   99.92%  566,652       0.08%  724,490,410       2,687,646

 2.    Approval of transfer to Standard listing             723,806,981   99.93%  487,724       0.07%  724,292,156       2,895,900
 3.    Adopt the Executive Remuneration Scheme              719,590,633   99.32%  4,907,052     0.68%  724,495,166       2,692,890

 

The number of Ordinary Shares in issue on 24 November 2023 was 1,025,336,741.
A vote withheld is not a vote in law and is not counted in the calculation of
the proportion of votes 'For' or 'Against' a resolution.

In accordance with Listing Rule 9.6.2R, a copy of the Resolutions has been
submitted to the National Storage Mechanism and will be available for
inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

Completion of the Disposal

Esken anticipates that completion of the Disposal of Esken Renewables Limited
will occur on or about 1 December 2023.

Having satisfied (i) the Shareholder Consent Condition (following the approval
of resolution 1 above), and (ii) the Customer Condition (through the execution
of the Deed of Settlement and Variation by Esken Renewables Limited and
Tilbury Green Power Limited), the only remaining condition of the Disposal is
satisfaction of the Cash Sweep Condition, which Esken anticipates will occur
on or around 30 November 2023.

Transfer to Standard Listing

Application has been made to the London Stock Exchange and the transfer of the
Company's listing category from the Premium Listing segment to the Standard
Listing segment of the Official List and the Main Market of the London Stock
Exchange, pursuant to resolution 2 above, is expected to take effect on 22
December 2023.

Further announcements will be made in due course.

Interim Results

Esken will announce its interim results for the six months ended 31 August
2023 on 29 November 2023. An investor presentation will be shared on the
Company's website on 29 November 2023.

 

Enquiries:

Esken Limited    C/o Teneo

 

Teneo

Olivia Peters / Giles Kernick

020 7353 4200

esken@teneo.com

 

Publication on website

A copy of this announcement will be available for inspection on the Company's
website at: www.esken.com. For the avoidance of doubt, the contents of this
website are not incorporated into and do not form part of this announcement.

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