Atrato Onsite Energy plc
NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE
TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION.
FOR
IMMEDIATE RELEASE
13 December 2024
Atrato Onsite Energy
plc
Result of General Meeting -
Members' Voluntary Liquidation of the Company
On 27 November 2024, Atrato Onsite
Energy plc (the "Company")
published a shareholder circular (the "Liquidation Circular") containing a notice of
General Meeting (the "Notice") in relation to the proposed
members' voluntary liquidation of the Company. At the General
Meeting held earlier today, the special resolution to place the
Company into members' voluntary liquidation, as set out in the
Notice, was duly passed by way of a poll. Accordingly, Derek Neil
Hyslop and Richard Peter Barker of Ernst & Young LLP have been
appointed as joint liquidators of the Company (the "Liquidators").
The results of the poll, including
the proxy votes received, were as follows:
|
Resolution
|
In favour (including
discretionary)
|
Against
|
% of issued share
capital
|
Votes
withheld*
|
|
Votes
|
% (of votes cast excl.
withheld)
|
Votes
|
% (of votes cast excl.
withheld)
|
|
To approve the members' voluntary
liquidation of the Company, appoint the Liquidators and grant the
Liquidators certain powers.
|
71,454,718
|
99.93%
|
50,856
|
0.07%
|
47.67%
|
8,983
|
* A vote withheld is not a vote in
law and is therefore not counted towards the proportion of votes
"in favour" or "against" a resolution.
Suspension and Cancellation of Shares
As set out in the Liquidation
Circular, the Company's Ordinary Shares were suspended from listing
on the Official List of the Financial Conduct Authority and from
trading on the main market of the London Stock Exchange at 7.30
a.m. this morning, 13 December 2024, in anticipation of the General
Meeting.
Applications have been made to the
Financial Conduct Authority and to the London Stock Exchange for
the cancellation of the listing and admission to trading of the
Ordinary Shares, respectively, with effect from 8.00 a.m. on 16
December 2024.
Initial Distribution
As set out in the Liquidation
Circular, it is anticipated that the Liquidators will be in a
position to make an initial distribution of substantially all of
the net assets of the Company in late January or early February
2025.
It is estimated that the value of
the Initial Distribution will be no less than 77.0 pence per
Ordinary Share.
Notes:
Defined terms used in this
announcement shall, unless the context requires otherwise, have the
meanings ascribed to them in the Liquidation Circular, which is
available on the Company's website at https://atratorenewables.com/.
A copy of this announcement will be
available on the Company's website and in accordance with UK
Listing Rule 6.4.2, a copy of the full text of the resolution
passed will be shortly submitted to the National Storage Mechanism
of the FCA and will shortly be available for inspection
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
For
further information, please contact:
|
Ernst & Young LLP (Liquidators)
Derek Hyslop
Richard Barker
|
+44 0131
777 2000
|
Notes to Editors
Atrato Onsite Energy plc (LSE: ROOF)
is an investment company. Its shares were admitted to trading on
the premium segment of the Main Market of the London Stock Exchange
on 23 November 2021.
Further information is available on
the Company's
website https://atratorenewables.com/.
The Company's LEI
is 213800IE1PPREDIIZB62.
The person responsible for arranging
release of this announcement on behalf of Atrato Onsite Energy plc
is Rebecca Lillington, Company Secretary at Hanway Advisory
Limited.