Result of General Meeting

eEnergy Group PLC

07 February 2024

 

7 February 2024

eEnergy Group plc

("eEnergy", "the Company" or "the Group")

Result of General Meeting

On 22 January 2024, the board of eEnergy announced that it had entered into an agreement to sell the Company's wholly owned Energy Management Division to Flogas for an initial consideration of £29.1 million and additional contingent consideration which may be payable based on the trading performance of the Energy Management Division for the period to 30 September 2025.

Capitalised terms used in this announcement have the meanings given to them in the circular published by eEnergy on 22 January 2024 and available at: www.eenergyplc.com/investors (the "Circular"), unless the context provides otherwise.

eEnergy is pleased to announce that at the General Meeting held today at 9.00 am, shareholders approved the Resolution to dispose of the Energy Management Division.

The Company expects to receive the Initial Cash Consideration of £25 million on Completion, which is expected to occur and be announced in the coming days.

Full details of the Resolution are set out in the notice of the General Meeting contained in the Circular.

The total number of proxy votes received in respect of the Resolution were as follows:

Resolution	For	%	Against	%	Total*	Withheld
Disposal by the Company of the Energy Management Division	224,063,733	99.98%	38,046	0.02%	224,101,779	186,388

*	Excludes withheld votes

For further information, please visit www.eenergyplc.com or contact:

eEnergy Group plc	Tel: [phone]
Harvey Sinclair, Chief Executive Officer Crispin Goldsmith, Chief Financial Officer	[e-mail]
Strand Hanson Limited (Nominated Adviser)	Tel: [phone]
Richard Johnson, James Harris
Canaccord Genuity Limited (Joint Broker)	Tel: [phone]
Max Hartley, Harry Pardoe (Corporate Broking)
Turner Pope Investments (Joint Broker)	Tel: [phone]
Andy Thacker, James Pope	[e-mail]
Tavistock	Tel: [phone]
Jos Simson, Simon Hudson, Katie Hopkins	[e-mail]

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