RNS Number : 2376L
EnergyPathways PLC
06 November 2024
 

6 November 2024

EnergyPathways plc

 

("EnergyPathways" or the "Company")

 

Exercise of warrants

 

EnergyPathways plc (AIM: EPP), an integrated energy transition company, announces that it has received notices to exercise a total of 2,337,500 warrants over new ordinary shares in the Company ("Warrant Shares"). 1,500,000 warrants were exercised at 5p per ordinary share and 837,500 at an exercise price of 4p per ordinary share, raising a total of £108,500 for the Company.

 

Admission and Total Voting Rights

Application will be made for the Warrant Shares and the Fee Shares to be admitted to trading on AIM, which is expected to occur on or around 11 November 2024 ("Admission"). The Warrant Shares will rank pari passu in all respects with the Company's existing ordinary shares currently traded on AIM.

Following Admission, the Company's issued share capital will comprise 166,045,345 ordinary shares of 1 pence each. This number will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Ben Clube, CEO of EnergyPathways commented:

"The exercising of these warrants demonstrates the value creation we have delivered for those that backed the Company through the reverse takeover and admission process.  It also highlights how we seek to maintain capital discipline at all times by remunerating advisors with success-related paper rather than cash.  It also raises additional funds that further bolster our balance sheet and provide working capital. The Company has the financial flexibility and access to capital to progress MESH through to FID and create significant shareholder value".

 

Enquiries:

 

EnergyPathways
Ben Clube / Ben Hodges

 

Tel: +44 (0)20 7466 5000, c/o Buchanan (Financial PR)

Email : info@energypathways.uk

Cairn Financial Advisers LLP (Nominated Adviser)
 Jo Turner / Louise O'Driscoll / Sandy Jamieson

Tel: +44 (0)20 7213 0880

SP Angel Corporate Finance LLP (Joint Broker)
 Richard Hail / Adam Cowl

Tel: +44 (0)20 3470 0470

Global Investment Strategy UK Limited (Joint Broker)
 Callum Hill / James Sheehan

Tel: +44 (0)20 7048 94

00

Buchanan (Financial PR)
 Ben Romney / Barry Archer

Tel: +44 (0)20 7466 5000
Email: energy@buchanan.uk.com

 

For further information on EnergyPathways visit www.energypathways.uk and @energy_pathways on X (formerly Twitter).

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
IOEUPGQUGUPCGMQ
Energypathways (LSE:EPP)
Graphique Historique de l'Action
De Oct 2024 à Nov 2024 Plus de graphiques de la Bourse Energypathways
Energypathways (LSE:EPP)
Graphique Historique de l'Action
De Nov 2023 à Nov 2024 Plus de graphiques de la Bourse Energypathways