30th Apr 2025 8:01 am RNS De-SPAC Completion and First Day of Dealings30 Apr 2025 13:33
30th Apr 2025 8:01 am RNS De-SPAC Completion and First Day of Dealings
"TNE, the energy transition company focused on developing clean energy projects to drive industrial decarbonisation for clients with international business operations, is pleased to announce that Admission of its entire issued share capital, comprising 158,401,125 Ordinary Shares, became effective, and that unconditional dealings commenced on the Main Market of the London Stock Exchange, at 8.00 a.m. today. On Admission, the market capitalisation of the Company will be approximately £32 million.
The Company's LEI is 213800VBVRGDTYL9Y928, and the Ordinary Shares have the ISIN GB00BNVRHQ51, SEDOL code BNVRHQ5 and TIDM "TNE".
Each Ordinary Share carries the right to one vote in relation to all circumstances at general meetings of the Company. The Company does not currently, and shall not on Admission, hold any shares in treasury and therefore the total number of voting rights attributable to the Ordinary Shares is 158,401,125.
The above figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Notifications may be sent to info@tneplc.com.
José Meneses da Silva Moura, Founder & Executive Chair, commented:
"TNE has made significant progress since its incorporation in 2018. The outlook for the renewable energy market, particularly biofuels, is supported by favourable regulatory tailwinds. The fact that TNE is developing its own biorefinery portfolio positions us well to deliver on our next stage of growth as a quoted company.
"TNE's diversified revenue model and approach to long-term value creation position us strongly to deliver meaningful returns for our new shareholders, and I look forward to providing further updates on our progress in the near future."
About TNE
TNE is incorporated in Portugal operating in the renewable energy sector, focusing on energy transition, biofuels, chemicals, and the bioeconomy.
TNE is positioned as a global supplier of state-of-the-art solutions and projects to enable a faster energy transition and meet decarbonisation goals. Its business is formed of three complementary business units, which broadly undertake the following activities:
• Consulting for third-party clients on the design and regulatory pathway for renewable energy projects;
• Contracting for third-party clients on the construction, installation and maintenance of renewable energy projects; and
• Portfolio Management of a proprietary portfolio of Projects based on a TNE-specific hybrid biorefinery technology concept from inception to ready to build ("RTB") stage. ..."
https://www.lse.co.uk/rns/TNE/de-spac-completion-and-first-day-of-dealings-4vadznunv9gy6lx.html