REG - Pineapple Power Corp - GM Statement

Pineapple PowerAnnouncement

21/05/2026 16:15

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RNS Number : 3396F  Pineapple Power Corporation PLC  21 May 2026

21 May 2026

 

PINEAPPLE POWER CORPORATION PLC

 

Results of General Meeting and Capital Reorganisation

 

Pineapple Power Corporation PLC (LSE: PNPL) (the "Company"), a special purpose
acquisition company, announces that at its General Meeting held earlier today,
the resolution proposed, as referred to in the Company's announcement of 1 May
2026,  was duly passed.

 

Proxy votes received appointing the Chair were as follows:

 

 No  Resolution(1,2)                                                          For         %-     Against  %-Against  Total       Withheld(3)

                                                                                          For
 SPECIAL RESOLUTION
 1   Sub-division of share capital and amendments to articles of association  11,505,408  95.1%  592,856  4.9%       12,098,264  95,178

 

1.     The full text of the resolution can be found in the Notice of the
General Meeting sent to shareholders on the Company's website at
https://www.pineapple-powercorp.com (https://www.pineapple-powercorp.com)  ,
and in the National Storage Mechanism of the FCA at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

2.     As at the record date for eligibility to vote at the Company's
General Meeting, the Company had 83,332,877 Ordinary Shares in issue.  .

3.     Votes 'Withheld' are not a vote in law and have not been counted in
the calculation of the votes % 'For' and % votes 'Against' the resolutions.

 

Accordingly, at the Record Time for the sub-division (being 6.00pm on today's
date), the capital reorganisation will become effective and each existing
ordinary share of £0.01 (Existing Ordinary Shares) will be sub-divided into
one new ordinary share of £0.001 (New Ordinary Shares) and one deferred share
of £0.009.  Applications have been made for the New Ordinary Shares to be
admitted to the Official List of the FCA and to trading on the London Stock
Exchange's Main Market (Admission), and dealings in the New Ordinary Shares
are expected to commence at 8.00 am on 22 May 2026.

 

The ticker and ISIN for the New Ordinary Shares will remain the same as for
the Existing Ordinary Shares, as set out below:

 

·    Ticker: PNPL

·    ISIN: GB00BD0SN947

 

Following Admission, the total number of New Ordinary Shares in issue will be
83,332,877, all with voting rights. This figure may be used by shareholders as
the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company's share capital pursuant to the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules.

 

- END -

 

ENQUIRIES

For further information, please contact:

 

 Pineapple Power Corporation PLC
 Claudio Morandi - Chairman       +41 79 406 40 90

 claudio.morandi@bluewin.ch

 Adam Park - Director

 adamp@clearpathconsultancy.com   +44 7795425303
 Corporate Broker

 AlbR Capital                     + 44 (0) 207469 0930

 Guy Miller

 gm@albrcapital.com

 

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