PDMR Dealing

Solgenics Limited

09 May 2023

 

News Release

PDMR Dealing

9 May 2023: Solgenics Limited (the "Company") announces it has been notified that on 5 May 2023, Scott Fletcher, Non-Executive Director, purchased an aggregate of 9,743,600 ordinary shares of no par value in the Company ("Shares").

Scott Fletcher's purchases were made in compliance with the Company's share dealing policy, increasing his beneficial interest in Ordinary Shares in the Company to 164,167,036 Ordinary Shares, representing 28.98 per cent. of the Company's issued share capital.

Enquiries

For further information please visit www.solgenics.com or contact:

Solgenics:	Hanno Pengilly	[phone]
Liberum Capital Limited: NOMAD & Joint Broker	Scott Mathieson, Edward Thomas, Kane Collings	[phone]
Novum Securities Limited Joint Broker	Colin Rowbury	[phone]
Pimlico Advisory Ltd Investor Relations	Elizabeth Johnson	[phone]

About Solgenics

Solgenics is an African renewable energy development company focused on the development of a 300MW solar PV plus BESS renewable energy in the Tete Province in northern Mozambique (the "Tete Solar Project").

It is the intention that the Tete Solar Project will connect to the Mozambique grid with target power offtakers in Mozambique and the Southern African Power Pool ("SAPP").

The Tete Solar Project takes full advantage of Mozambique's leading sustainable energy resources and is fully aligned with Government's objective to become a champion for energy transition impacting all Southern Africa.

On 3 May 2023, Solgenics announced that it will shortly be posting a circular to shareholders (in connection with a proposal for the cancellation of admission of the ordinary shares of no par value in the Company ("Ordinary Shares") to trading on AIM (the "Cancellation"), pursuant to Rule 41 of the AIM Rules for Companies. Accordingly, if the resolution to approve the cancellation is approved by shareholders, the last day of dealings in the Ordinary Shares on AIM is expected to be 6 June 2023, and the Cancellation is expected to become effective at 7.00 a.m. on 7 June 2023.

The notification below is made in accordance with the requirements of the MAR.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Scott Fletcher
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ncondezi Energy Limited
b)	LEI	2138003W7PP9STE9J18
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of no par value  VGG640631039
b)	Nature of the transaction	On-market purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) GBP Volume(s) 1.   0.0025 2.   0.00265 3.   0.00249 1.   5,000,000 2.   4,500,000 3.   243,600
d)	Aggregated information - Aggregated volume - Price	9,743,600 0.002569 GBP
e)	Date of the transaction	5 May 2023
f)	Place of the transaction	London Stock Exchange, AIM

 

END