REG - Tech. New Energy - Shareholder Loans Assignment and Share Settlement

Technologies New EnergyAnnouncement

21/01/2026 07:00

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RNS Number : 6458P  Technologies New Energy PLC  21 January 2026

21 January 2026

Technologies New Energy plc

("TNE" or the "Company", and together with its subsidiaries and subsidiary
undertakings, the "Group")

 

Assignment of Shareholder Loans and Agreement for Settlement by Issue of
Shares

 

Technologies New Energy plc (LSE: TNE), the energy transition company focused
on clean energy projects to drive industrial decarbonisation and on the
development of data centre infrastructure, announces that it entered into an
agreement concerning the assignment of certain shareholder loan claims (the
"Credits") previously owed by its wholly-owned subsidiary, Technologies New
Energy, S.A. ("TNE S.A."), to the Company (the "Assignment"; "Assignment
Agreement").

 

The Company confirms that the Assignment constituted a material related party
transaction for the purposes of DTR 7.3 and was, accordingly, considered and
approved by the statutory directors of the Company who were deemed independent
in relation to the Assignment (the "Independent Directors").

 

The counterparties to the Assignment are Diverstock Investments, S.A.
("Diverstock") and Tranergy, Lda ("Tranergy") (together, the "Creditors").
Diverstock (an entity ultimately beneficially owned and controlled by Mr.
José Manuel Meneses da Silva Moura, an Executive Director, and his spouse,
Maria João Matos Abreu Faria da Silva Moura) is a shareholder of the Company
and a related party (as such term is defined in IFRS). Tranergy (an entity
ultimately beneficially wholly-owned and controlled by Imobiliaria Gestao E
Consultadoria Empresarial S.A., which in turn is wholly-owned and controlled
by Alberto José Quintas Da Silva Mendes) is also a shareholder of the
Company, but is not connected to Mr. Meneses and has not previously been
disclosed as a related party in the Company's financial statements. Mr.
Meneses recused himself from all deliberations and decision-making concerning
the Assignment.

 

The shareholder loan claims (the "Credits") arise from supplementary and
ancillary capital contributions previously made by the Creditors to TNE S.A.
and total approximately €666,817 in aggregate, comprising: (i) €456,250
owed to Diverstock; and (ii) €210,567 owed to Tranergy.

 

Following completion of the Assignment, the Credits are owed directly by the
Company to the Creditors. The Independent Directors note that these
liabilities were already consolidated at Group-level prior to the Assignment
and therefore the Assignment does not increase the Group's overall
indebtedness, but simplifies the Group's balance sheet by transferring the
obligation from subsidiary level to the parent company.

 

Under the terms of the Assignment Agreement, dated 29 December 2025, the
Credits may be satisfied, in whole or in part, by the allotment and issue of
new ordinary shares in the Company during 2026, subject to applicable
shareholder authorities and compliance with applicable regulatory
requirements. No ordinary shares have been allotted and issued pursuant to the
Assignment as at the date of this announcement.

 

The Independent Directors consider the Assignment to be fair and reasonable
from the perspective of the Company and shareholders of the Company who are
not related parties, noting the benefits of reduced cash outflows and improved
liquidity and financial flexibility.

 

Commenting on today's announcement, Julio Perez, Chief Executive Officer of
Technologies New Energy plc, said:

 

"This Assignment shows strong support from existing shareholders and
confidence in increasing their ownership in the Company. Settling these
liabilities in shares rather than cash is an efficient outcome that supports
our growth plans and benefits all stakeholders."

 

This announcement is made in accordance with DTR 7.3.8R.

 

- Ends -

Enquiries:

 Technologies New Energy plc                    info@tneplc.com
 Julio Perez
+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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