Source - LSE Regulatory
RNS Number : 6016Q
eEnergy Group PLC
01 March 2021
 

1 March 2021

 

eEnergy Group plc

("eEnergy" or "the Group")

 

Exercise of Warrants

eEnergy Group plc (AIM: EAAS), a leading "Energy Efficiency-as-a-Service" (EEaaS) business in the UK and Ireland, announces that it has received notices to exercise warrants over 2,075,000 new ordinary shares of 0.3 pence each in the Group ("Warrant Shares").

The Warrant Shares are being issued pursuant to the exercise of 475,000 warrants at an exercise price of 7.5 pence per ordinary share, relating to the August 2019 Placing, and 1,600,000 warrants at an exercise price of 7.5 pence per ordinary share, issued as part of the Reverse Takeover in January 2020.

Funds of £155,625 have been received by the Group in respect of these exercises.

Application will be made for the 2,075,000 Warrant Shares to be admitted to trading on AIM which is expected to occur on or around 4 March 2021 ("Admission"). The Warrant Shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.

Total Voting Rights

Following Admission, the total number of shares of the Company in issue will be 246,258,090 and the total number of voting shares in the Company will be 246,258,090.

The above figure of 246,258,090 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.

 

Contacts:

eEnergy Group plc

Tel: +44 20 7078 9564

Harvey Sinclair, Chief Executive Officer

Ric Williams, Chief Financial Officer

 

info@eenergyplc.com; www.eenergyplc.com

N+1 Singer (Nominated Adviser and Joint Broker)

Tel: +44 20 7496 3000

Justin McKeegan, Mark Taylor, Carlo Spingardi (Corporate Finance)

Tom Salvesen (Corporate Broking)

 


Turner Pope Investments (Joint Broker)

Tel: +44 20 3657 0050

Andy Thacker

 

info@turnerpope.com

SECNewgate

Tel: +44 7540 106 366

Robin Tozer

Isabelle Smurfit

eEnergy@secnewgate.co.uk

 

 

About eEnergy Group plc

eEnergy Group plc is a leading "Energy Efficiency-as-a-Service" (EEaaS) business focused on providing its core "Light-as-a-Service" ("LaaS"), to educational and commercial & industrial customers through its eLight and RSL operations in the UK and Ireland. The Group helps businesses and schools switch to LED lighting, typically for a fixed monthly service fee, avoiding any upfront payments.

 

eEnergy was admitted to AIM in January 2020.  The Board's strategy is to develop eEnergy as a broader energy services company and acquire other businesses in the energy management sector. The market in the EU for energy efficiency services was approximately €25 billion in 2017 and is expected to double by 2025. 

 

In December 2020, eEnergy completed the acquisition of Beond Group Limited. Beond is a UK-based renewable energy consulting and procurement business, whose services aim to reduce costs for clients and tackle climate change.  Beond's services include provision of clean energy strategy, smart energy procurement, hedging strategies, bill validation, bureau services and market intelligence. However, its key offering is its proprietary platform used to run reverse energy auctions for clients.

 

eEnergy has been awarded The Green Economy Mark by the London Stock Exchange, which recognises a company's work on sustainability.                                   

 

https://eenergyplc.com/ 

 

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