Increase in Ownership in Smart Metering Business

eEnergy Group PLC

10 August 2023

 

10 August 2023

eEnergy Group plc

("eEnergy" or "the Group")

Increase in Ownership in Smart Metering Analytics Business

eEnergy (AIM: EAAS), the net zero energy services provider, is pleased to announce that it has increased its ownership in its subsidiary, eEnergy Insights Ltd ("EIL"), which holds the Group's MY ZeERO smart metering and analytics platform, to 100% through the acquisition of the minority holdings of two former management shareholders. Related to this transaction, the Company has issued 1,366,666 new ordinary shares of 0.3p in eEnergy ("Ordinary Shares") to the vendors.

Admission and Total Voting Rights

Application has been made for admission of the 1,366,666 new Ordinary Shares, which will rank pari passu with existing Ordinary Shares, to trading on AIM ("Admission"). It is expected that Admission will become effective, and trading in the new Ordinary Shares will commence, on or around 8:00 a.m. on 14 August 2023.

On Admission, the enlarged issued share capital of the Company will be 352,146,625 Ordinary Shares. The above 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 share capital of the Company.

Contacts:

eEnergy Group plc	Tel: [phone]
Harvey Sinclair, Chief Executive Officer Crispin Goldsmith, Chief Financial Officer	[e-mail] ; www.eenergyplc.com
Strand Hanson Limited (Nominated Adviser)	Tel: [phone]
Richard Johnson, James Harris
Canaccord Genuity Limited (Joint Broker)	Tel: [phone]
Max Hartley, Tom Diehl (Corporate Broking)
Turner Pope Investments (Joint Broker)	Tel: [phone]
Andy Thacker, James Pope	[e-mail]
Tavistock	Tel: [phone]
Jos Simson, Heather Armstrong, Katie Hopkins	[e-mail]

About eEnergy Group plc

eEnergy (AIM: EAAS) is a net zero energy services provider, empowering organisations to achieve net zero by tackling energy waste and transitioning to clean energy, without the need for upfront investment. It is making net zero possible and profitable for all organisations in four ways:

·	Transition to the lowest cost clean energy through the Group's digital procurement platform and energy management services.
·	Tackle energy waste with granular data and insight on energy use and dynamic energy management.
·	Reduce energy use with the right energy efficiency solutions without upfront cost.
·	Reach net zero with onsite renewable generation and electric vehicle (EV) charging.

eEnergy is a Top 5 B2B energy company and has been awarded The Green Economy Mark by London Stock Exchange.

 

END