REG-Menhaden Resource Efficiency PLC: Liquidation Update

Menhaden Resource EfficiencyAnnouncement

13/11/2025 09:45

13 November 2025

 

Menhaden Resource Efficiency PLC (in Members' Voluntary Liquidation)

(the "Company")

 

LEI: 2138004NTCUZTHFWXS17

 

Liquidation Update

 

Further to the liquidation of the Company on 25 March 2025 and the
announcements on 9 April 2025, 13 May 2025, 29 May 2025, 15 July 2025, and 8
August 2025 the Joint Liquidators of the Company are providing a final update
on the liquidation of the Company.

 

Terms used in this announcement have the same meaning as those set out in the
circular to shareholders dated 28 February 2025 ("the Circular").

 

Further to the announcement on 8 August 2025, the Joint Liquidators wish to
advise shareholders that the Company's remaining 2 unlisted investments have
been realised in full, achieving net proceeds of approximately £17.4 million.
Following these realisations, the Company's entire listed and unlisted
investments have been sold.

 

The Joint Liquidators have been progressing with the Company's final tax
affairs and have now made all required UK tax submissions to HM Revenue and
Customs. The Joint Liquidators have also calculated and retained sufficient
funds to meet the final costs and expenses of the liquidation, and the Joint
Liquidators will therefore make a fourth and final cash distribution to
shareholders on 15                     December 2025 of 24.85 pence per
Ordinary Share. Following the payment of this final cash distribution, the
total aggregate cash returned to shareholders during the liquidation will be
£1.6285 per Ordinary Share.

 

Shareholders should note that following the payment of this final cash
distribution, there will be no further distributions to shareholders.

 

Following the final distribution, the Joint Liquidators will conclude the
liquidation in January 2026 and all shareholders will receive a draft final
report in respect of the liquidation.

 

Shareholders should note that the Company's Registrar, MUFG Corporate Markets,
has advised that all cash distributions after the first cash distribution will
be paid by cheque only. Cheques will be issued to shareholders by First Class
post on 15 December 2025 in respect of the final cash distribution.

 

Should shareholders not receive their cheque within 7 business days of 15
December 2025, or require cheques to be reissued, shareholders are recommended
to call MUFG Corporate Markets on 0371 664 0321. Calls are charged at the
standard geographic rate and will vary by provider. Calls outside the United
Kingdom will be charged at the applicable international rate. The helpline is
open between 9 am - 5.30 pm, Monday to Friday excluding public holidays in
England and Wales. Please note that MUFG Corporate Markets cannot provide any
financial, legal or tax advice and calls may be recorded and monitored for
security and training purposes.

 

Joint Liquidators:

Derek Hyslop and

Richard Barker

Ernst & Young LLP

1 More London Place

London SE1 2AF

 

Enquiries:                                  MHN@parthenon.ey.com



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