RNS Number : 7854B
AMTE Power PLC
02 February 2024
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO 596/2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.  UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

1 February 2024

For immediate release

AMTE Power Plc

Sale of business and assets

AMTE Power Plc (AIM: AMTE) (the "Company") announces that, further to its announcement of Richard Bloomfield, Ian Corfield and Michelle Marie Elliot of FRP Advisory Trading Limited as joint administrators (the "Joint Administrators") on 19 January 2024, the Joint Administrators have entered into a business and asset sale agreement (the "Sale Agreement") concerning the sale (the "Sale") of part of the trading business and certain assets of the Company to LionVolt Ltd. a newly incorporated, wholly-owned subsidiary of LionVolt B.V. (other than certain excluded assets).

Following the resignation of WH Ireland Limited ("WH Ireland") as the Company's nominated adviser on 19 January 2024 and the fact that the Company's ordinary shares currently remain suspended from trading on AIM, it remains the case that, if the Company fails to appoint a replacement nominated adviser within one month of WH Ireland's resignation, the admission of the ordinary shares to trading on AIM will be cancelled.

Enquiries

FRP Advisory Trading Limited

amtepowershareholders@frpadvisory.com

Richard Bloomfield

Ian Corfield

Michelle Marie Elliot


 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DISQKDBDDBKBFBK