24 November 2023
ESKEN LIMITED
("Esken", the "Group" or the "Company")
Result of General Meeting
Update on the Disposal
Notice of Results
Esken, the aviation and renewable energy group, announces the result of voting on the resolutions at its General Meeting held at 9.30 a.m. on 24 November 2023. Capitalised terms in this announcement have the meanings attributed to them in the Company's circular to shareholders dated 6 November 2023.
Resolutions 1 to 3 in the Notice of General Meeting were passed by the required majority by means of a poll. The results of the poll on each resolution are set out below.
Results
| | For | Against | Total votes cast | Votes withheld | ||
| Resolution | No. of votes | % | No. of votes | % | No. of votes | No. of votes |
| 1. Approval of Disposal of Esken Renewables Limited | 723,926,307 | 99.92% | 566,652
| 0.08% | 724,490,410 | 2,687,646 |
| 2. Approval of transfer to Standard listing | 723,806,981 | 99.93% | 487,724 | 0.07% | 724,292,156 | 2,895,900 |
| 3. Adopt the Executive Remuneration Scheme | 719,590,633 | 99.32% | 4,907,052 | 0.68% | 724,495,166 | 2,692,890 |
The number of Ordinary Shares in issue on 24 November 2023 was 1,025,336,741. A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes 'For' or 'Against' a resolution.
In accordance with Listing Rule 9.6.2R, a copy of the Resolutions has been submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Completion of the Disposal
Esken anticipates that completion of the Disposal of Esken Renewables Limited will occur on or about 1 December 2023.
Having satisfied (i) the Shareholder Consent Condition (following the approval of resolution 1 above), and (ii) the Customer Condition (through the execution of the Deed of Settlement and Variation by Esken Renewables Limited and Tilbury Green Power Limited), the only remaining condition of the Disposal is satisfaction of the Cash Sweep Condition, which Esken anticipates will occur on or around 30 November 2023.
Transfer to Standard Listing
Application has been made to the London Stock Exchange and the transfer of the Company's listing category from the Premium Listing segment to the Standard Listing segment of the Official List and the Main Market of the London Stock Exchange, pursuant to resolution 2 above, is expected to take effect on 22 December 2023.
Further announcements will be made in due course.
Interim Results
Esken will announce its interim results for the six months ended 31 August 2023 on 29 November 2023. An investor presentation will be shared on the Company's website on 29 November 2023.
Enquiries:
Esken Limited C/o Teneo
Teneo
Olivia Peters / Giles Kernick
020 7353 4200
esken@teneo.com
Publication on website
A copy of this announcement will be available for inspection on the Company's website at: www.esken.com. For the avoidance of doubt, the contents of this website are not incorporated into and do not form part of this announcement.
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