eEnergy: Completion of remaining minority interest in Beond
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.
