REG - New Energy One Acqn. New Energy One-NEOW - Redemption of Public Shareholders

Kingswood HoldingsAnnouncement

15/03/2024 11:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240315:nRSO0543Ha&default-theme=true

RNS Number : 0543H  New Energy One Acquisition Corp.  15 March 2024

RNS Number: 0543H

New Energy One Acquisition Corp

15 March 2024

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, INTO OR WITHIN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. ANY
FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF
APPLICABLE SECURITIES LAWS.

FOR IMMEDIATE RELEASE.

 

New Energy One Acquisition Corporation Plc

("NEOA" or the "Company")

Redemption of Public Shareholders

 

Further to the announcement of its intention to cease operations except for
the purpose of winding-up dated March 1, 2024, New Energy One Acquisition
Corporation Plc ("NEOA" or the "Company"), a special purpose acquisition
company, today announces the redemption process for Public Shareholders, the
resignation of independent non-executive directors and an update on the
Company's admission to listing and trading.

Redemption process for Ordinary Shares held by Public Shareholders

Public Shareholders who are registered in the register of members of the
Company as of the close of business (6:00 p.m.) on 15 March 2024 (the
"Redemption Record Time") will have their Ordinary Shares redeemed in
connection with the cessation of the Company's operations and its decision not
to pursue a Business Combination, and their CREST accounts will be credited
with the funds by close of business of 3 April 2024 (the "Redemption Date")
(subject to the Company having sufficient distributable reserves in order to
fund such redemption and subject to all other requirements of applicable law
and regulation).

The amount in the Escrow Account for redemption of each Ordinary Share held by
Public Shareholders is anticipated to be £10.325 (comprising £10.00 per
Offer Share representing the amount subscribed for by Public Shareholders in
the Initial Public Offering, together with such Ordinary Shareholders' pro
rata entitlement to the Escrow Account Overfunding, expected to be £0.325 per
Offer Share. Any interest that accrues on the amount deposited in the Escrow
Account, after deductions for any corporation tax charge thereon, will be set
off against the amount initially contributed by the Sponsor Entities in
respect of the Escrow Account Overfunding.

No action is required to be taken by Public Shareholders at this time. Public
Shareholders who hold Ordinary Shares at the Redemption Record Time shall not
be able to dispose of, encumber, charge or deal in any whatsoever with their
Ordinary Shares and shall have their Ordinary Shares automatically redeemed
and payment in respect thereof will be made by the Company's registrar as soon
as practicable but no later than the Redemption Date.

Public Warrants

There will be no redemption rights with respect to the Public Warrants which
will automatically expire upon completion of the liquidation of the Company.

Resignation of Independent Directors

In light of the Company ceasing all operations except for the purpose of
winding-up, the independent non-executive directors of the Company, comprising
Volker Beckers, Philip Aiken and Tushita Ranchan, have resigned as directors
of the Company effective today.

Admission to listing and trading

The Company hereby gives notice of its requests to the Financial Conduct
Authority (the "FCA") for the cancellation of the listing of the Ordinary
Shares and the Public Warrants on the standard segment of the Official List of
the FCA and to the London Stock Exchange (the "LSE") for the cancellation of
the trading of the Ordinary Shares and the Public Warrants the Main Market for
listed securities of the LSE. Pursuant to Listing Rule 5.2.8R, the Company is
required to give at least twenty business days' notice of the intended
cancellation of listing of the Ordinary Shares and the Public Warrants.
Accordingly, such cancellation of admission to listing and trading is expected
to occur by no later than 17 April 2024.

 

For further information, please contact:

NEOA

ONE Advisory Limited
  co-sec@oneadvisory.london (mailto:co-sec@oneadvisory.london)

 

FGS Global
 EnergyOne-LON@fgsglobal.com (mailto:EnergyOne-LON@fgsglobal.com)

 
        +44 (0)20 7251 3801

 

The LEI of NEOA is 213800NRR4DCRPRUZ804.

 

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCSFUSUIELSELD