News Release
Solgenics Limited (formerly Ncondezi Energy Limited)
Confirmation of Name Change - Replacement
The Confirmation of Name Change announcement released at 7.00am on 2 March 2023 (RNS 5920R) should have stated "Accordingly dealings under the new company name of Solgenics Limited and new TIDM "SGN", will commence from 8.00 a.m. on 2 March 2023". All other details remain unchanged.
2 March 2023: Solgenics Limited ( the "Company") announces that, further to its announcement of 28 February 2023, the British Virgin Islands Financial Services Commission ("BVIFSC") has confirmed the name change from Ncondezi Energy Limited to Solgenics Limited ("Solgenics"). Accordingly dealings under the new company name of Solgenics Limited and new TIDM "SGN", will commence from 8.00 a.m. on 2 March 2023.
As previously announced, the name change Solgenics reflects the Company's focus on renewable energy development. The Company's ISIN will remain VGG640631039. The Company`s Legal Entity Identifier (LEI) remains 2138003W75PP9STE9J18. Shareholders should note that their shareholdings will be unaffected by the change of name. Existing share certificates should be retained as they will remain valid for all purposes and no new share certificates will be issued.
The information required to be disclosed pursuant to AIM Rule 26 of the AIM Rules for Companies can be accessed on https://www.ncondezienergy.com/aim-rule-26/. The new website www.solgenics.com will go live on or around 6 March 2023 and the Company will make a further announcement to confirm this.
Commenting on the change of name, Hanno Pengilly, CEO said: "I am delighted to confirm the Company's change of name and we look forward to rebranding as Solgenics Limited. This provides a clear signal to all stakeholders that we are committed to developing clean, green power projects.
Offtake discussions for our flagship Tete Solar Project are progressing and we look forward to providing further updates later in the month."
Enquiries
For further information please visit www.ncondezienergy.com or contact:
| Solgenics: | Hanno Pengilly | +27 (0) 71 362 3566 |
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Liberum Capital Limited:
| Scott Mathieson, Edward Thomas, Kane Collings | +44 (0) 20 3100 2000 | |
| Novum Securities Limited Joint Broker | Colin Rowbury | +44 (0) 20 7399 9427 | |
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Pimlico Advisory Ltd Investor Relations | Elizabeth Johnson | +44 (0) 777 56 55 927 | |
About Solgenics
Solgenics (formerly Ncondezi Energy) is an African renewable energy development company focused on the development of a 300MW solar PV plus BESS renewable energy in the Tete Province in northern Mozambique (the "Tete Solar Project").
It is the intention that the Tete Solar Project will connect to the Mozambique grid with target power off takers
in Mozambique and the Southern African Power Pool ("SAPP").
The Tete Solar Project takes full advantage of Mozambique's leading sustainable energy resources and is fully
aligned with Government's objective to become a champion for energy transition impacting all Southern Africa.
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