General Meeting update and proposed name change

MetalNRG PLC

04 December 2024

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

4 December 2024

MetalNRG plc

(the "Company" or "MetalNRG")

General Meeting update, change of ISIN and proposed name change

The general meeting of the shareholders of the Company is due to be held at 10.00 a.m. on 5 December 2024 (the "General Meeting") and contains, inter alia, a proposal for the consolidation of the existing ordinary shares of nominal value 0.01p each ("Existing Ordinary Shares") on a 100 into 1 basis, such that every 100 Existing Ordinary Shares are consolidated into 1 new ordinary share of nominal value 1p ("New Ordinary Shares") (the "Share Consolidation").

At the General Meeting it will be proposed that the resolution be amended so that the consolidation occurs immediately and is not subject to publication of a prospectus. This is to expedite the administrative process of the Share Consolidation and to avoid it taking place simultaneously with the planned reverse takeover. If the resolution, as amended, is duly passed, admission in respect of the New Ordinary Shares will become effective and dealings in New Ordinary Shares will commence on 6 December 2024. As a result of the Share Consolidation, the ISIN will change from GB00B15FS791 in respect of the Existing Ordinary Shares to GB00BS2GR553 in respect of the New Ordinary Shares.

We are also pleased to report that the Company intends to change its name to "Atlas Metals Group plc" to be effective on 10 December 2024. The Company's TDM will then change to "AMG". A confirmatory announcement in respect of the name change will be made on 9 December 2024. The name change will coincide with the launch of a new website for the Company at https://atlasmetalsgroup.com.

For the purposes of UK MAR, the person responsible for arranging release of this announcement on behalf of MetalNRG is Christopher Chadwick, Chief Executive Officer.

For further information, please contact:

MetalNRG PLC
Christopher Chadwick		[phone]
Hannam & Partners - Financial Adviser and Joint Broker
Andrew Chubb		[phone]
SPARK Advisory Partners Limited - Sponsor
James Keeshan		[phone]
Andrew Emmott		[phone]
Peterhouse Capital Limited - Joint Broker
Lucy Williams	+ 44 (0) 207 469 0930
Duncan Vasey	+ 44 (0) 207 469 0930
S I Capital Limited - Joint Broker
Nick Emerson	[phone]
IFC Advisory Limited - Financial PR and IR
Tim Metcalfe	[phone]
Florence Chandler	[phone]

 

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