REG - Tech. New Energy - Subscription and Total Voting Rights

Technologies New EnergyAnnouncement

03/07/2025 17:30

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RNS Number : 6897P  Technologies New Energy PLC  03 July 2025

THIS ANNOUNCEMENT ("ANNOUNCEMENT") AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, ITS
STATES, TERRITORIES AND POSSESSIONS ("UNITED STATES"), AUSTRALIA, CANADA,
JAPAN, SINGAPORE, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN
WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE PROHIBITED BY ANY
APPLICABLE LAW.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC LAW IN THE UNITED KINGDOM OF
GREAT BRITAIN AND NORTHERN IRELAND ("UK") PURSUANT TO THE MARKET ABUSE
(AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). IN ADDITION,
MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF
THE MATTERS CONTAINED WITHIN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN
PERSONS BECAME AWARE OF INSIDE INFORMATION (AS DEFINED UNDER UK MAR).

UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION
SERVICE, THOSE PERSONS THAT RECEIVED INSIDE INFORMATION (AS DEFINED IN UK MAR)
IN A MARKET SOUNDING ARE NO LONGER IN POSSESSION OF SUCH INSIDE INFORMATION,
WHICH IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

3 July 2025

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

Subscription and Total Voting Rights

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, is pleased to announce that it
raised gross proceeds of £84,900 (before expenses) by way of a subscription
by new investors (the "Subscription") for 424,500 new ordinary shares of
nominal value £0.10 ("Ordinary Shares") at a price of £0.20 each (the
"Subscription Price") (the "Subscription Shares"). The Company intends to
allot and issue the Subscription Shares for cash on a non-pre-emptive basis
utilising existing shareholder authorities.

The Subsciption is conditional only on admission of the Subscription Shares to
listing on equity shares (transition) category of the Official List ("ES(T)C
Listing") of the Financial Conduct Authority (the "FCA") and to trading on the
main market for listed securities of London Stock Exchange plc ("Admission").

Following Admission, the Susbcription Shares will represent approximately
0.27% of the enlarged share capital of the Company. The Subscription Shares
will upon allotment and issue be credited as fully paid and will rank in full
for all dividends and other distributions declared, made or paid after
Admission and will otherwise rank on Admission pari passu in all respects with
each other and with the existing Ordinary Shares.

Use of net proceeds

The Company intends to use the net proceeds of the Subscription for general
corporate purposes.

Admission and Total Voting Rights

The Company has made applications to the FCA and the LSE to have Subscription
Shares admitted to an ES(T)C Listing and to trading on the Main Market,
respectively, with Admission expected to occur on or around 8 July 2025.

On Admission, the Company's issued share capital will comprise 159,263,550
Ordinary Shares, with each Ordinary Share carrying the right to one vote.
Accordingly, the total number of voting rights in the Company will be
159,263,550 and 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 under the
FCA's Disclosure Guidance and Transparency Rules.

For the purposes of UK MAR, the person responsible for arranging release of
this announcement on behalf of TNE is Julio Perez, Chief Executive Officer.

- Ends -

For further information please contact:

 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

Orrick, Herrington & Sutcliffe (UK) LLP is acting as legal adviser to TNE.

Important information

The information contained in this Announcement is for background purposes only
and does not purport to be full or complete, nor does this Announcement
constitute or form part of any invitation or inducement to engage in
investment activity. No reliance may be placed by any person for any purpose
on the information contained in this Announcement or its accuracy, fairness or
completeness. The contents of this Announcement are not to be construed as
legal, financial or tax advice.

This Announcement is not for release, publication or distribution, directly or
indirectly, in or into the United States, Australia, Canada, Japan or the
Republic of South Africa or in any other jurisdiction where, or to any person
to whom, to do so would constitute a violation of applicable law or
regulation. The securities mentioned herein have not been, and will not be,
registered under the United States Securities Act of 1933, as amended
("Securities Act").

The securities referred to in this Announcement may not be offered or sold in
the United States except pursuant to an exemption from, or in a transaction
not subject to, the registration requirements of the Securities Act. There
will be no public offer of securities in the United States or in any other
jurisdiction.

This Announcement does not constitute or form part of any offer or invitation
to sell or issue, or any solicitation of any offer to purchase or subscribe
for, any Ordinary Shares, Warrants or any other securities, nor shall it (or
any part of it), or the fact of its distribution, form the basis of, or be
relied on in connection with, any contract therefor.

This Announcement may include forward-looking statements, which are based on
current expectations and projections about future events. These statements may
include, without limitation, any statements preceded by, followed by or
including words such as "target", "believe", "expect", "aim", "intend", "may",
"anticipate", "estimate", "plan", "project", "will", "can have", "likely",
"should", "would", "could" and any other words and terms of similar meaning or
the negative thereof. These forward-looking statements are subject to risks,
uncertainties and assumptions about the Enlarged Group. In light of these
risks, uncertainties and assumptions, the events in the forward-looking
statements may not occur. Past performance cannot be relied upon as a guide to
future performance and should not be taken as a representation that trends or
activities underlying past performance will continue in the future. No
representation or warranty is made or will be made that any forward-looking
statement will come to pass. The forward-looking statements in this
Announcement speak only as at the date of this Announcement. The information
in this Announcement is subject to change.

Persons considering making investments should consult an authorised person
specialising in advising on such investments.

Each of the Company and its respective affiliates as defined under Rule 501(b)
of Regulation D of the Securities Act, expressly disclaims any obligation or
undertaking to update, review or revise any forward-looking statements
contained in this Announcement and disclaims any obligation to update its view
of any risks or uncertainties described in this Announcement or to publicly
announce the results of any revisions to the forward-looking statements made
in this Announcement, whether as a result of new information, future
developments or otherwise, except as required by law.

Neither the contents of the Enlarged Group's websites nor or any websites
accessible by hyperlinks on the Enlarged Group's websites are incorporated by
reference into, and do not form part of, this Announcement.

 

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