AMTE Power PLC Result of General Meeting, TVR and Retail Offer (5462N)
25 Septembre 2023 - 12:35PM
UK Regulatory
TIDMAMTE
RNS Number : 5462N
AMTE Power PLC
25 September 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO 596/2014 WHICH
FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL)
ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA
A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
AMTE Power plc
Result of General Meeting, Total Voting Rights and Retail
Offer
AMTE Power Plc (AIM: AMTE) ("AMTE Power" or the "Company") is
pleased to announce that, at the General Meeting held earlier
today, all resolutions as set out in its notice of General meeting
dated 8 September 2023 were duly passed. Admission of the
Conditional Placing Shares to trading on AIM is therefore expected
to occur on 26 September 2023.
Capitalised terms used but not otherwise defined in this
announcement shall have the meanings given to them in the Company's
announcement made on 8 September 2023, unless the context requires
otherwise.
Admission and Total Voting Rights
F ollowing the General Meeting held earlier today, the Company
will issue 112,596,610 Conditional Placing Shares.
Application has been made to the London Stock Exchange for
admission of the Conditional Placing Shares to trading on AIM. It
is expected that Conditional Admission will become effective at
8.00 a.m. on 26 September 2023. The Conditional Placing Shares will
rank pari passu in all respects with the existing ordinary shares
of 0.5 pence each ("Ordinary Shares").
Following Conditional Admission, the total number of shares in
the capital of the Company with voting rights will be 160,908,680
Ordinary Shares. This 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, AMTE Power under the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules.
Suspension of trading
On 13 September 2023, the London Stock Exchange announced a
suspension of trading in the Ordinary Shares as a result of
deterioration in settlement performance of those shares. It is
hoped that the result of the General Meeting will enable this
situation to normalise shortly so enabling the suspension to be
lifted by the London Stock Exchange, whereupon dealings will
commence in those shares and the Conditional Placing Shares. Any
decision by the London Stock Exchange to lift the suspension will
be communicated by the London Stock Exchange in due course.
The Retail Offer
The Company values its shareholder base and believes that it is
appropriate to provide eligible existing retail shareholders in the
United Kingdom the opportunity to participate in the Retail Offer.
The Retail Offer will allow existing retail shareholders to
participate in the fundraising by subscribing for Retail Offer
Shares at the Placing Price via the Bookbuild Platform.
An announcement regarding the launch of the Retail Offer will be
made shortly following the lifting of the suspension of trading in
the Ordinary Shares and will contain further information on how
investors can participate in the Retail Offer.
Results of the meeting
Details of the results of the voting, by way of a poll vote, at
the General Meeting are set out below. Resolution 1 is an ordinary
resolution and resolution 2 is a special resolution.
Resolution For Against
Votes % of votes Votes % of votes
cast cast
----------- ----------- -------- -----------
1. To authorise the Directors
generally to allot relevant
securities for cash 17,068,616 98.785% 209,907 1.21%
----------- ----------- -------- -----------
2. To authorise the Directors
generally to allot equity securities
on a non-pre-emptive basis 17,059,563 98.733% 218,960 1.27%
----------- ----------- -------- -----------
The person responsible for arranging the release of this
announcement on behalf of the Company is Anita Breslin, Chief
Financial Officer of the Company.
For further enquiries:
AMTE Power plc
+44 (0)1847 867 200
Alan Hollis, CEO
Anita Breslin, CFO
WH Ireland Limited - (Nominated Adviser Tel: +44 (0) 20 7220
& Joint Broker) 1666
Chris Fielding / James Bavister / Isaac
Hooper (Corporate)
Fraser Marshall / George Krokos (Broking)
About AMTE Power
AMTE Power was founded in 2013 and is a leading UK developer and
manufacturer of lithium-ion and sodium-ion battery cells for
specialist markets. In March 2021, the Company was admitted to
trading on the AIM market of the London Stock Exchange. The Company
is focused on launching a series of next generation battery cells
based on new chemistries and cell structures that are designed to
solve key problems in power delivery, energy performance, and
safety. These new products are targeted at a range of specialist
markets including the electric vehicle industry and energy storage
sector.
AMTE Power's purpose-built cell manufacturing facility in
Thurso, Scotland has the second largest cell manufacturing capacity
in the UK and the Company also has a product development team based
in Oxford. AMTE's proposed gigafactory in Dundee, Scotland is
expected to be capable of producing over 8 million battery cells
per annum enabling the Company to rapidly scale up cell
production.
For further information visit the Company's website:
www.amtepower.com.
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END
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September 25, 2023 06:35 ET (10:35 GMT)
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