REG - Tech. New Energy - Reallocation of Subscription Shares

Technologies New EnergyAnnouncement

27/05/2025 18:15

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RNS Number : 3020K  Technologies New Energy PLC  27 May 2025

27 May 2025

Technologies New Energy plc
("TNE" or the "Company")

Reallocation of Subscription Shares

Technologies New Energy plc (LSE: TNE), the energy transition company focused
on developing clean energy projects to drive industrial decarbonisation for
clients with international business operations, announces that following the
cancellation of two English law governed subscription agreements, dated 12
March 2025, the board of directors of the Company has resolved that, following
the forfeiture of a total of 2,000,000 ordinary shares of £0.10 each
("Ordinary Shares"; the "Subscription Shares") by the relevant subscribers in
accordance with the Company's articles of association, the Subscription Shares
have now been reallocated to four new investors who have subscribed for them
on the same terms at a subscription price of £0.20 per Subscription Share,
resulting in gross proceeds of £400,000 being payable to the Company (the
"Subscription Proceeds").

The Company further confirms that the Subscription Proceeds have been received
by it in full.

 

Total Voting Rights

 

The Company confirms the reallocation of Subscription Shares will not alter
the total number of Ordinary Shares in issue and as at 27 May 2025, its issued
share capital still comprises 158,839,050 Ordinary Shares. Each Ordinary Share
carries the right to one vote in relation to all circumstances at general
meetings of TNE. The Company does not hold any shares in treasury and
therefore the total number of voting rights attributable to the Ordinary
Shares is 158,839,050.

 

 

- Ends -

Enquiries:

 Technologies New Energy plc                    info@tneplc.com
 José Meneses
+351 915 126 782
 Burson Buchanan                                +44 (0)20 7466 5000

 Chris Lane, Simon Compton, Abigail Gilchrist   TNE@buchanancomms.co.uk

 

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