News Release
PDMR Dealing
9 May 2023: Solgenics Limited (the "Company") announces it has been notified that on 5 May 2023, Scott Fletcher, Non-Executive Director, purchased an aggregate of 9,743,600 ordinary shares of no par value in the Company ("Shares").
Scott Fletcher's purchases were made in compliance with the Company's share dealing policy, increasing his beneficial interest in Ordinary Shares in the Company to 164,167,036 Ordinary Shares, representing 28.98 per cent. of the Company's issued share capital.
Enquiries
For further information please visit www.solgenics.com or contact:
| Solgenics: | Hanno Pengilly | +27 (0) 71 362 3566 |
| 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 |
|
Pimlico Advisory Ltd Investor Relations | Elizabeth Johnson | +44 (0) 777 56 55 927 |
About Solgenics
Solgenics 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 offtakers 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.
On 3 May 2023, Solgenics announced that it will shortly be posting a circular to shareholders (in connection with a proposal for the cancellation of admission of the ordinary shares of no par value in the Company ("Ordinary Shares") to trading on AIM (the "Cancellation"), pursuant to Rule 41 of the AIM Rules for Companies. Accordingly, if the resolution to approve the cancellation is approved by shareholders, the last day of dealings in the Ordinary Shares on AIM is expected to be 6 June 2023, and the Cancellation is expected to become effective at 7.00 a.m. on 7 June 2023.
The notification below is made in accordance with the requirements of the MAR.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a) | Name | Scott Fletcher
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| 2 | Reason for the notification
| |||||
| a) | Position/status
| Non-Executive Director | ||||
| b)
| Initial notification /Amendment | Initial notification
| ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
| a) | Name | Ncondezi Energy Limited
| ||||
| b) | LEI | 2138003W7PP9STE9J18
| ||||
| 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 no par value
VGG640631039 | ||||
| b) | Nature of the transaction | On-market purchase of Ordinary Shares
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
9,743,600
0.002569 GBP
| ||||
| e) | Date of the transaction | 5 May 2023
| ||||
| f) | Place of the transaction | London Stock Exchange, AIM
| ||||
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