Block Listing Application

RNS Number : 1335X

AMTE Power PLC

30 April 2021

 

30 April 2021

AMTE POWER plc

("AMTE Power", or the "Company")

BLOCK LISTING APPLICATION

AMTE Power plc (LSE: AMTE), a leading developer and manufacturer of lithium-ion battery cells for specialist markets, announces that an application has been made to the London Stock Exchange plc for a block listing of securities in respect of 2,551,924 ordinary shares of £0.005 each (the 'New Ordinary Shares') to be admitted to trading on AIM.

The New Ordinary Shares will be issued from time to time in order to satisfy certain options and warrants which may be exercised. It is expected that admission will become effective on 5 May 2021.

The block listings consist of:

1.  99,849 ordinary shares in respect of the options granted in October 2016;

2.  230,976 ordinary shares in respect of the options granted in January 2018;

3.  234,184 ordinary shares in respect of the options granted in October 2018;

4.  969,217 ordinary shares in respect of the options granted in May 2020;

5.  290,725 ordinary shares in respect of the options granted in November 2020;

6.  597,490 ordinary shares in respect of the options granted in December 2020;

7.  95,037 ordinary shares in respect of the warrants granted in December 2017; and

8.  34,446 ordinary shares in respect of the warrants granted in March 2021.

For the avoidance of doubt these applications are not applications to list the warrants and options themselves on any regulated market but merely an administrative measure to ensure that the Company does not need to make multiple applications for admission of ordinary shares to trading on each separate occasion when the existing warrants and options are exercised by holders. There are no changes to the terms and conditions of the warrants and options.

Following the Block Admission, the Company's issued share capital will remain unchanged at 34,666,027 ordinary shares. The Company will make six-monthly announcements of the utilisation of the Block Admission, in line with its obligations under AIM Rule 29.

When issued, the New Ordinary Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of £0.005 each in the capital of the Company ('Ordinary Shares').

For further information contact:

AMTE Power plc Kevin Brundish (Chief Executive Officer) Adam Westcott (Chief Financial Officer)	Tel: [phone]
WH Ireland Limited (NOMAD and Joint Broker) Chris Fielding / Matt Chan	Tel: [phone]
SI Capital Limited (Joint Broker) Nick Emerson / Nick Briers	Tel: [phone]
Novella Communications Tim Robertson / Fergus Young	Tel: [phone]

ABOUT AMTE POWER PLC

AMTE Power was founded in 2013 and is a leading developer and manufacturer of lithium-ion battery cells for specialist markets. In March 2021, the Company listed on the AIM market of the London Stock Exchange. The Company is focused on launching a series of next generation battery cells based on new chemistries and cell structures that are designed to solve key problems in power delivery, energy performance, and safety. These new products are targeted at a range of specialist markets including the automotive industry, oil and gas market and energy storage sector. AMTE's purpose-built cell manufacturing facility in Thurso, Scotland has the second largest cell manufacturing capacity in the UK and the Company also has a product development team based in Oxford. For further information visit the Company's website: www.amtepower.com

 

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