21 September 2023
MOLECULAR ENERGIES PLC
("Molecular" or the "Company")
Result of General Meeting
Molecular Energies (AIM: MEN), the international energy company, is pleased to confirm that all resolutions proposed to shareholders at the General Meeting held at 3pm today have been passed. Accordingly, the sale of the entire issued share capital of President Energy Holding UK Limited has now been completed.
For further information, please visit www.molecularenergiesplc.com or contact:
| Molecular Energies PLC Peter Levine, Chairman Rob Shepherd, Finance Director
| +44 (0) 207 016 7950 info@molecularenergiesplc.com |
| Cavendish Corporate Finance (Nominated Advisor and Broker) Simon Hicks, George Dollemore
| +44 (0) 207 220 0500 |
| Tavistock (Financial PR and IR) Simon Hudson, Nick Elwes, Charles Baister | +44 (0) 20 7920 3150 |
Notes to Editors
Molecular Energies PLC is an AIM listed company at the forefront of energy development and has interests across the energy spectrum, from oil and gas projects to subdivisions in the green and alternative energy sub-sectors. The Company has interests in oil and gas production in Argentina and owns exploration assets in Paraguay. The Company has two separate subdivisions which are focused on early-stage opportunities in the green and/or alternative energy sub-sector.
Activities in the green and alternative energy space are being carried out under the Green House Capital brand and through AIM listed Atome Energy PLC, a green hydrogen, ammonia, and fertiliser company operating in Paraguay, Costa Rica and Iceland, in which Molecular currently has 20.5%.
With a strong strategic and institutional base of support, an in-country management team as well as the Chairman whose interests as the largest shareholder are aligned to those of its shareholders, Molecular gives UK investors access to an energy growth story combined with world class standards of corporate governance, environmental and social responsibility.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). The person who arranged for the release of this announcement on behalf of the Company was Robert Shepherd, Financial Director.
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