Result of AGM

RNS Number : 5970K

Edenville Energy PLC

05 January 2021

 

5 January 2021

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

Result of Annual General Meeting

Share Capital Reorganisation

Edenville Energy Plc (AIM: EDL), the AIM quoted company operating the Rukwa Coal Project in southwest Tanzania announces that at its Annual General Meeting ("AGM") held today all resolutions were passed.  The votes were cast as follows:

Resolution	Votes For	Votes Against	Withheld
One - Receipt of 2019 accounts	408,437,296	155,000	50,761
Two - Re-appointment of auditors	373,130,148	35,462,148	50,761
Three - Re-election of retiring Directors	407,382,969	1,209,327	50,761
Four - Allotment of relevant securities (General)	391,088,246	17,484,050	70,761
Five - Allotment of relevant securities (Lind Funding Agreement)	400,187,871	8,384,425	70,761
Six - Share Consolidation	397,991,616	9,633,480	1,010,761
Seven - Subdivision of Shares	397,992,116	9,612,980	1,010,761
Eight - Disapplication of pre-emption rights (General)	361,585,343	45,852,497	1,208,017
Nine - Disapplication of pre-emption rights (Lind Funding Agreement)	361,585,343	45,842,497	1,208,017

Completion of Capital Reorganisation

The Resolutions include those necessary to implement the Consolidation and Capital Reorganisation which the Company announced on 11 December 2020. As such, the Company expects 8,145,575 ordinary shares of £0.01 each (the "New Ordinary Shares") to be readmitted to trading on AIM on 6 January 2021 (see below). The ISIN and SEDOL codes for the New Ordinary Shares are as follows:

ISIN code for New Ordinary Shares	GB00BN47NP32
SEDOL code for the New Ordinary Shares	BN47NP3

Admission to AIM and Total Voting Rights

Dealings on AIM in the Company's Existing Ordinary Shares will cease at the close of business on 5 January 2021.

Application has been made for the admission of 8,145,575 New Ordinary Shares to trading on AIM. It is expected that Admission will take place and that trading in the New Ordinary Shares will commence, at 8.00 a.m. on 6 January 2020. No application will be made for admission of the New Deferred Shares to trading on AIM nor will any such application by made to any other exchange.

Following Admission, there will be a total of 8,145,575 New Ordinary Shares in issue.  The Company does not hold any shares in treasury.  Consequently, 8,145,575 is the figure which may be used by Shareholders as the denominator for the calculation 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.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014. 

This announcement should be read in conjunction with the Notice of AGM and the Company's announcement dated 11 December 2020. Capitalised terms used but not otherwise defined in this announcement bear the meanings ascribed to them in the Notice of AGM and the announcement dated 11 December 2020.

For further information please contact:

Edenville Energy Plc Jeff Malaihollo - Chairman Alistair Muir - CEO	[phone]
SP Angel Corporate Finance LLP (Nominated Adviser) David Hignell Charlie Bouverat	[phone]
Brandon Hill Capital Ltd (Broker) Oliver Stansfield, Jonathan Evans	[phone]
IFC Advisory Limited (Financial PR and IR) Tim Metcalfe Florence Chandler	[phone]

 

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