NCCL.L Share Price (NCCL)

Cheers Glen, thought so.

Hi Blue - new ticker is SGN

Hi Guys, have the company now changed the name, NCCL appears to have disappeared off ADVFN?

NEWS RELEASE
Notice of EGM – Change of Name – Solgenics Limited
13 February 2023: Ncondezi Energy Limited (“Ncondezi” or the “Company”) (AIM:NCCL) the African power
development company focused on renewable energy solutions, provides notice of an Extraordinary General
Meeting (“EGM”) of Ncondezi Energy Limited to be held at 2.00 p.m. SAST (12.00 p.m.GMT) at The Silo Hotel,
Silo Square, V&A Waterfront, Cape Town, 8001, South Africa on 28 February 2023.
At the EGM, the Company is seeking shareholder approval to change its name to Solgenics Limited, reflecting
the Company’s transition into a dedicated renewable energy development company.
Notice convening the EGM is being posted today to shareholders of the Company and will shortly be available
on the Company's website at http://www.ncondezienergy.com/general-meetings.aspx.
The Company’s primary focus is the delivery of its 300MW solar PV plus BESS renewable energy project in
the Tete Province in northern Mozambique (the “Tete Solar Project”), and has delivered material de risking
milestones over the last 2 months, including:
• Completion of the Tete Solar Project Feasibility Study
• Completion of Environmental and Social Impact Assessment Red Flag Review
• Completion of Transmission Integration Study and receipt of approval from state power utility
Electricidade de Moçambique (“EDM”)
• Receipt of exclusive use land rights for generation of solar energy at the proposed project site
Commenting on the proposed name change, Hanno Pengilly, CEO, said: “The proposed name change to
Solgenics reflects our updated mission to develop innovative power supply solutions for affordable and reliable
electricity in Africa, utilising the latest sustainable technologies. We will do this by focusing on the development
of grid scale renewable energy projects in the southern African region, predominantly using solar and battery
storage solutions.
Solgenics also provides a clear signal to investors, Governments and potential offtake partners that we are
committed to developing clean, green power projects.
To further support the transition, the Company has launched an ESG audit which will review the Company’s
exposure to environmental, social and governance risks and set out a realistic action plan to demonstrate that
the Company understands the issues and the opportunities it faces and has the correct systems, policies and
practices in place to manage ESG effectively.
Our flagship Tete Solar Project continues to make rapid progress and will support Mozambique’s ambition to
be a regional leader in green energy transition. We continue to progress offtake discussions and are reviewing
additional development work streams which can be launched in parallel to ensure that we maintain
development momentum. We look forward to providing further updates in the near future.”
The Company continues to recognise the importance of ongoing engagement with shareholders and will ho

NEWS RELEASE
Convertible Loan Fully Converted
6 February 2023: Ncondezi Energy Limited (“Ncondezi” or the “Company”) (AIM:NCCL) announces that
following the previous announcements on 16 and 17 January 2023, all convertible loan and interest will be
converted into ordinary shares of no par value (“Ordinary Shares”) in the Company according to the terms of
the convertible loan agreement.
An aggregate of 75,787,027 Ordinary Shares will be issued and application will be made for the admission of
the Ordinary Shares to trading on AIM (“Admission”), with Admission expected to take place on or around 9
February 2023. The Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares of
the Company.
Of the new shares to be issued, 3,913,087 will be issued to Company Chairman, Michael Haworth, 15,213,515
will be issued to Non-Executive Director, Scott Fletcher, and 53,580,573 will be issued to Seritza Limited
(“Seritza”), a private company owned by a trust of which Chief Executive Officer of Ncondezi, Hanno Pengilly,
is a potential beneficiary.
The Company’s independent director, Aman Sachdeva, assessed the Company’s rights to exclude up to 50%
of the amount to be converted through an immediate cash redemption, and considers, having consulted with
the Company’s advisers, that exercising this right is not in the best interest of Company, particularly given that
the Company’s available capital is committed to its existing solar power development programme.
In addition to the convertible loan and interest conversion, the Company will issue a further 3,079,852 shares
and transfer the 2,869,840 shares currently held in Treasury, in lieu of deferred fees totalling £71,767 to certain
contractors and consultants to the Company, as previously announced on 22 November 2022, plus a further
£15,000 in deferred fees due to certain consultants.
Following the conversion of the convertible loan and issue of new shares, Chairman, Michael Haworth, will be
beneficially interested in 23,936,549 Ordinary Shares, representing 4.23 per cent of the Company’s enlarged
issued share capital. Non Executive Director, Scott Fletcher, will be beneficially interested in 122,979,090
Ordinary Shares representing 21.71 per cent of the Company’s enlarged issued share capital. Seritza will be
beneficially interested in 53,580,573 Ordinary Shares, representing 9.46 per cent of the Company’s enlarged
issued share capital. In addition, Hanno Pengilly is beneficially interested in 3,531,776 Ordinary Shares,
representing 0.62 per cent of the Company’s enlarge issued share capital.
Following Admission, the Company's issued share capital will comprise of 566,501,146 Ordinary Shares. No
Ordinary Shares will be held in treasury.
Therefore the number of Ordinary Shares in issue carrying voting rights will be 566,501,146 and this figure
may be used as the denominator for the calculations by which they will determine if they are required to notif