14 January 2021
eEnergy Group plc
("eEnergy", "Company" or "the Group")
Completion of remaining minority interest in Beond Group Limited
and
Exercise of Warrants, Issue of Equity and PDMR Dealing
The Board of eEnergy Group plc (AIM: EAAS), a leading "Energy Efficiency-as-a-Service" (EEaaS) business in the UK and Ireland, is pleased to confirm that, further to the announcement of 15 December 2020, the Company has now completed the compulsory purchase procedure for the remaining minority interest in Beond Group Limited ("Beond"). As part of this, the Company will issue the remaining 1,177,326 Consideration Shares.
In addition, the Company is to issue 2,841,801 Ordinary Shares to certain professional consultants, including OAR Advisors Ltd, a person closely associated with Crispin Goldsmith, now a PDMR to the Company, in consideration for services rendered for the acquisition of Beond.
Further, the Company has received an exercise notice for warrants over 133,333 Ordinary Shares in the Company at an exercise price of 7.5p per Ordinary share. The warrants were granted to a service provider for services rendered to the Company as part of its admission to trading on AIM, by way of a reverse takeover, in January 2020.
Application has been made to the London Stock Exchange for the 4,152,460 new Ordinary Shares (referenced above) to be admitted to trading on AIM ("Admission"). It is expected that Admission will take place at 8.00 a.m. on Monday 18 January 2021.
Total Voting Rights
Following Admission, the total number of shares of the Company in issue will be 244,183,090 and the total number of voting shares in the Company will be 244,183,090.
The above figure of 244,183,090 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, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Capitalised terms in this announcement have the same meaning as defined in the announcement of the Company of 11 December 2020.
Contacts:
| eEnergy Group plc | Tel: +44 20 7078 9564 |
| Harvey Sinclair, Chief Executive Officer
| info@eenergyplc.com; www.eenergyplc.com
|
| N+1 Singer (Nominated Adviser and Joint Bookrunner) | Tel: +44 20 7496 3000 |
| Justin McKeegan, Mark Taylor, Carlo Spingardi (Corporate Finance) Tom Salvesen (Corporate Broking)
| |
| Turner Pope Investments (Joint Bookrunner) | Tel: +44 20 3657 0050 |
| Andy Thacker
| |
| Newgate Communications | Tel: +44 7540 106 366 |
| Robin Tozer Isabelle Smurfit |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | OAR Advisors Ltd, a person closely associated with Crispin Goldsmith | |
| 2 | Reason for the notification | ||
| a) | Position/status | PDMR | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | eEnergy Group plc | |
| b) | LEI | 2138003SZQSPC16PLX94 | |
| 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 0.3p each
GB00BJP1KD31 | |
| b) | Nature of the transaction | Shares in consideration for services rendered | |
| c)
| Price(s) and volume(s)
| Price | Volume |
| 13.25p | 530,100 Ordinary Shares | ||
| d) | Aggregated information - Aggregated volume - Price
|
N/A
| |
| e) | Date of the transaction | 13 January 2021 | |
| f) | Place of the transaction | Outside a trading venue | |
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.
