7 August 2024
EnergyPathways plc
("EnergyPathways" or the "Company")
Issue of Equity
EnergyPathways plc (AIM: EPP), an integrated energy transition company, announces the issue of 791,233 new EnergyPathways ordinary shares of 1 pence each at 2.09 pence per share ("Fee Shares") in settlement of consultancy fees to a member of the Marram Project management team.
Under the terms of the consultancy agreement signed, the Company settles fifty percent of the monthly fees in cash, with the remaining fifty percent being accrued and settled on a periodic basis through the issue of ordinary shares.
Admission and Total Voting Rights
Application will be made for the Fee Shares to be admitted to trading on AIM, which is expected to occur on or around 13 August 2024 ("Admission"). The Fee Shares will rank pari passu in all respects with the Company's existing ordinary shares currently traded on AIM.
Following Admission, the Company's issued share capital will comprise 159,912,278 ordinary shares of 1 pence each. This number will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Enquiries:
EnergyPathways
| Tel: +44 (0)20 7466 5000, c/o Buchanan (Financial PR) Email : info@energypathways.uk |
Cairn Financial Advisers LLP (Nominated Adviser) | Tel: +44 (0)20 7213 0880 |
SP Angel Corporate Finance LLP (Joint Broker) | Tel: +44 (0)20 3470 0470 |
Optiva Securities Limited (Joint Broker) | Tel: +44 (0)20 3137 1903 |
Global Investment Strategy UK Limited (Joint Broker) | Tel: +44 (0)20 7048 9000 |
Buchanan (Financial PR) | Tel: +44 (0)20 7466 5000 |
For further information on EnergyPathways visit www.energypathways.uk and @energy_pathways on X (formerly Twitter).
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