Result of General Meeting

RNS Number : 6843V

Molecular Energies PLC

06 April 2023

 

06 April 2023

MOLECULAR ENERGIES PLC

("Molecular" or the "Company")

Result of General Meeting

Molecular Energies (AIM: MEN), the international energy company, provides an update following its General Meeting held at 14.00pm today and confirms that the resolution in relation to Amendments to the IYA Loan as detailed in the Circular to shareholders dated 20 March 2023 was duly passed.

Peter Levine, Chairman, commented:

 

"This represents an important and necessary step to make a re-imagined and revitalised Molecular a more relevant and investor acceptable market proposition in 2023 whilst not losing the energy focus at its heart. It is anticipated that further steps will follow through this year.

"Positive progress and traction is being achieved in our alternative energy division Green House Capital,  where we see a number of opportunities to invest in innovative and exciting alternative energy projects. We look forward to further progress in this division as the year progresses"

Contact: Molecular Energies PLC	[phone]
Nikita Levine, Investor Relations	[e-mail]
finnCap (Nominated Advisor and broker) Christopher Raggett, George Dollemore	[phone]
Tavistock (Financial PR & IR) Simon Hudson, Nick Elwes, Charles Baister	[phone]

Notes to Editors

Molecular Energies PLC is an AIM listed company at the forefront of energy development and has interests across the energy spectrum, from oil and gas projects to subdivisions in the green and alternative energy sub-sectors.

The Company has oil and gas production in two geographical markets: Argentina and the United States, as well as exploration assets in both Argentina and Paraguay. The Company also has two separate subdivisions which are focused on early-stage opportunities in the green and/or alternative energy sub- sector.

Activities in the green and alternative energy space are being carried out under the Green House Capital brand and through AIM listed ATOME Energy PLC operating in Paraguay and Iceland, producing green hydrogen and ammonia for use in fuels.

With a strong strategic and institutional base of support, an in-country management team as well as the Chairman whose interests as the largest shareholder are aligned to those of its shareholders, Molecular gives UK investors access to an energy growth story combined with world class standards of corporate governance, environmental and social responsibility.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). The person who arranged for the release of this announcement on behalf of the Company was Peter Levine, Chairman.

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