11 September 2023
AMTE Power Plc
("AMTE Power" or the "Company")
Posting of Circular
AMTE Power plc (AIM: AMTE), a leading UK developer and manufacturer of battery cells for specialist markets, announces that, further to the announcement made on 8 September 2023 regarding a placing to raise £2.1m and a proposed retail offer to raise up to £0.25 million (the "Previous Announcement"), the Circular was posted to Shareholders on the same day and is available to be viewed on the Company's website at https://amtepower.com/investors/.
The Circular outlines the timetable for the General Meeting and admission of the Conditional Placing Shares, as well as the Retail Offer. Extracts from the timetable are included below:
| | 2023 |
| Latest time and date for receipt of Form of Proxy | 10.00am. on 21st September |
| General Meeting | 10.00am. on 25th September |
| Conditional Admission and commencement of dealings in the Conditional Placing Shares on AIM | 8.00 a.m. on 26th September |
| CREST accounts credited with Conditional Placing Shares in uncertified form | 8.00 a.m. on 26th September |
| Announcement and Launch of Retail Offer | 26th September |
| Dispatch of share certificates in respect of the Conditional Placing Shares to be issued in certified form | Within 14 days of Conditional Admission3 |
| Close of Retail Offer | 29th September |
| Retail Offer Admission and commencement of dealings in the Retail Shares on AIM | 8.00 a.m. on 2nd October4 |
| CREST accounts credited with Retail Shares in uncertificated form | 8.00 a.m. on 2nd September |
| Dispatch of share certificates in respect of the Retail Shares to be issued in certified form | Within 14 days of Retail Admission |
Notes:
1. Each of the times and dates above are indicative only and are subject to change. If any of the above times and/or dates change, the revised times and/or dates will be notified by the Company to the Shareholders by announcement through a regulatory information service.
2. All of the above times refer to London time unless otherwise stated.
3. The admission and commencement of dealings in the Conditional Placing Shares on AIM are conditional on, inter alia, the passing of the Resolutions at the General Meeting.
4. The admission and commencement of dealings in the Retail Shares on AIM are conditional on, inter alia, the passing of the Resolutions at the General Meeting.
5. All defined terms have the same meanings as outlined in the Circular.
Capitalised terms used but not otherwise defined in this announcement shall have the meanings ascribed to such terms in the Previous Announcement, unless the context requires otherwise.
Enquiries
| AMTE Power plc | +44 (0)1847 867 200 |
| Alan Hollis (Chief Executive Officer) Anita Breslin (Chief Financial Officer) | |
| | |
| WH Ireland (NOMAD and Joint Broker) | +44 (0)207 220 1666 |
| Chris Fielding / James Bavister (Corporate Finance) | |
| Fraser Marshall (Corporate Broking) | |
| | |
| Panmure Gordon (UK) Limited (Joint Broker) | +44 (0)207 886 2500 |
| John Prior / James Sinclair-Ford (Corporate Finance) | |
| Hugh Rich (Corporate Broking) | |
| | |
| Camarco (Financial PR) | +44 (0)203 757 4992 / 4981 |
| Ginny Pulbrook / Rosie Driscoll | |
About AMTE Power
AMTE Power was founded in 2013 and is a leading UK developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets. In March 2021, the Company was admitted to trading on the AIM market of the London Stock Exchange. The Company is focused on launching a series of next generation battery cells based on new chemistries and cell structures that are designed to solve key problems in power delivery, energy performance, and safety. These new products are targeted at a range of specialist markets including the electric vehicle industry and energy storage sector.
AMTE Power's purpose-built cell manufacturing facility in Thurso, Scotland has the second largest cell manufacturing capacity in the UK and the Company also has a product development team based in Oxford. AMTE's proposed gigafactory in Dundee, Scotland is expected to be capable of producing over 8 million battery cells per annum enabling the Company to rapidly scale up cell production.
For further information visit the Company's website: www.amtepower.com
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