REG - Molecular Energies - Result of General Meeting

Molecular EnergiesAnnouncement

06/04/2023 16:00

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RNS Number : 6843V  Molecular Energies PLC  06 April 2023

 

06 April 2023

MOLECULAR ENERGIES PLC

("Molecular" or the "Company")

 

Result of General Meeting

 

Molecular Energies (AIM: MEN), the international energy company, provides an
update following its General Meeting held at 14.00pm today and confirms that
the resolution in relation to Amendments to the IYA Loan as detailed in the
Circular to shareholders dated 20 March 2023 was duly passed.

 

Peter Levine, Chairman, commented:
 

"This represents an important and necessary step to make a re-imagined and
revitalised Molecular a more relevant and investor acceptable market
proposition in 2023 whilst not losing the energy focus at its heart. It is
anticipated that further steps will follow through this year.

"Positive progress and traction is being achieved in our alternative energy
division Green House Capital,  where we see a number of opportunities to
invest in innovative and exciting alternative energy projects. We look forward
to further progress in this division as the year progresses"

 

 Contact:                                    +44 (0)20 7016 7950

 Molecular Energies PLC
 Nikita Levine, Investor Relations           info@molecularenergiesplc.com (mailto:info@molecularenergiesplc.com)

 finnCap (Nominated Advisor and broker)      +44 (0)20 7220 0500

 Christopher Raggett, George Dollemore

 Tavistock (Financial PR & IR)               +44 (0)20 7920 3150

 Simon Hudson, Nick Elwes, Charles Baister

 

 

 

Notes to Editors

Molecular Energies PLC is an AIM listed company at the forefront of energy
development and has interests across the energy spectrum, from oil and gas
projects to subdivisions in the green and alternative energy sub-sectors.

 

The Company has oil and gas production in two geographical markets: Argentina
and the United States, as well as exploration assets in both Argentina and
Paraguay. The Company also has two separate subdivisions which are focused on
early-stage opportunities in the green and/or alternative energy sub- sector.

 

Activities in the green and alternative energy space are being carried out
under the Green House Capital brand and through AIM listed ATOME Energy PLC
operating in Paraguay and Iceland, producing green hydrogen and ammonia for
use in fuels.

 

With a strong strategic and institutional base of support, an in-country
management team as well as the Chairman whose interests as the largest
shareholder are aligned to those of its shareholders, Molecular gives UK
investors access to an energy growth story combined with world class standards
of corporate governance, environmental and social responsibility.

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the
European Union (Withdrawal) Act 2018 ("UK MAR"). The person who arranged for
the release of this announcement on behalf of the Company was Peter Levine,
Chairman.

 

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