2 Jun 2023 07:00
2 June 2023
Edenville Energy Plc
("Edenville" or the "Company")
Proposed Change of Name
Edenville Energy Plc (AIM: EDL), an African focused mine operator and developer, is pleased to announce that the Company proposes to change its name to Shuka Resources Plc ("Shuka" or "Shuka Resources").
The directors believe that the change of name better reflects the Company's key focus in Africa, values of environmental sustainability, community engagement and responsible mining practices.
The Company's name change is also in line with its strategic objectives and enhanced focus on investing in and developing mining assets in Africa, aligning perfectly with its long-term strategy.
The name change is subject to the approval of shareholders at the General Meeting of the Company to be convened shortly, at which approval will also be sought for the allotment of the Conditional Subscription Shares and Director Fee Shares announced on 1 June 2023.
Further details regarding the Company's change of name, including the proposed new ticker code, and updated website address, containing the information required to be published pursuant to Rule 26 of the AIM Rules for Companies, will be announced in due course and will be available to view on the Company's website at https://edenville-energy.com.
Commenting Noel Lyons Edenville Energy PLC CEO, said:
"The proposed rebranding as Shuka Resources Plc signifies our commitment to the Company's existing strategy, emphasizing the investment and development of mining assets in Africa. This transition marks an exciting period of growth and progress for us in the months to come.
"Furthermore, the new name also reflects our dedication to cultural respect and inclusivity, as well as our strong commitment to the local communities we operate in. We strive to foster mutually beneficial relationships and make a positive impact on the communities we serve.
"As we plan to embark on this new journey as Shuka Resources, we are filled with enthusiasm and anticipation for what lies ahead. Together, we will seize the opportunities that arise, drive innovation, and create sustainable value for our stakeholders. We strive to achieve new heights of success."
Capitalised terms used in this announcement shall, unless defined in this announcement or unless the context provides otherwise, bear the same meaning ascribed to such terms in the announcement made by the Company on 1 June 2023.
For Enquiries Contact:
Edenville Energy Plc Noel Lyons - CEO Via IFC Advisory
|
+44 (0) 20 3934 6630 |
Financial and Nominated Adviser Strand Hanson Limited James Harris | Rory Murphy
| +44 (0) 20 7409 3494 |
Broker Tavira Securities Limited Oliver Stansfield | Jonathan Evans
| +44 (0) 20 7100 5100
|
Financial PR and IR IFC Advisory Limited Tim Metcalfe | Florence Chandler | +44 (0) 20 3934 6630 |
Caution;
This announcement has been prepared for information purposes only.
Certain statements in this announcement are, or may be deemed to be, forward-looking statements. Forward looking statements are identied by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital, and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward-looking statements reect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.