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Result of AGM,Directorate Change,Director Dealings

3 Aug 2023 17:40

RNS Number : 2784I
Edenville Energy PLC
03 August 2023
 

3 August 2023

Edenville Energy Plc

("Edenville" or the "Company")

Result of Annual General Meeting,

Directorate Change, Directors' Dealings and Issue of Equity

Edenville Energy Plc (AIM: EDL), the AIM quoted company operating the Rukwa Coal Project in southwest Tanzania, is pleased to announce that all resolutions were passed at the Annual General Meeting ("AGM") of the Company held earlier today.

At the AGM, shareholders approved the proposed change of name to Shuka Minerals plc, which will be effective once relevant Companies House filings have been completed. A further announcement will made in due course.

In addition, further to the Company's announcement of 10 July 2023, Nicholas (Nick) von Schirnding, Non-Executive Chairman, has tendered his three months' notice to the Board and is resigning as Director and Non-Executive Chairman of the Company with effect from 31 October 2023.

Application has been made to the London Stock Exchange for Admission of the 17,860,000 Subscription Shares and the 3,500,000 Director Fee Shares, which is expected to occur, subject to receipt by the Company of proceeds for the Subscription Shares, at 8.00 a.m. on or around 11 August 2023. Following Admission, the total issued share capital of the Company with voting rights will comprise 60,219,861 Ordinary Shares. In addition, the Company has today issued the Director Warrants.

Investor

Subscription Shares

Resultant shareholding

% enlarged share capital

Q Global Commodities Group

10,586,598

17,586,598

29.20%

Gathoni Muchai Investments Ltd

7,273,402

11,773,402

19.55%

 

Director

Director Fee Shares

Director Warrants

Resultant shareholding

% enlarged share capital

Paul Ryan

2,000,000

1,200,000

2,013,382

3.34%

Noel Lyons

1,500,000

1,200,000

1,517,000

2.52%

Jason Brewer

1,200,000

 

Defined terms shall have the same meaning as in the Company's announcement on 10 July 2023, unless otherwise stated.

For further information please contact:

Edenville Energy Plc

Jason Brewer - Executive Director

Noel Lyons - CEO

+254 (0)743 303075

Via IFC Advisory

 

 

Strand Hanson Limited

(Financial and Nominated Adviser)

James Harris

Richard Johnson

 

 

+44 (0) 02 7409 3494

 

Tavira Securities Limited

(Broker)

+44 (0) 20 7100 5100

 

Oliver Stansfield

Jonathan Evans

 

IFC Advisory Limited 

(Financial PR and IR) 

Tim Metcalfe

Florence Chandler

+44 (0) 20 3934 6630

 

PDMR Notification Forms :

The notifications below are made in accordance with the requirements of MAR.

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1. Paul Ryan

2. Noel Lyons

2.

Reason for the Notification

a)

Position/status

1. Executive director

2. Executive director

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Edenville Energy Plc

b)

LEI

213800DBIRLNVAHNDU21

4.

Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary shares of 1 pence each

Identification code

GB00BN47NP32

b)

Nature of the Transaction

Issue of ordinary shares in lieu of fees

c)

Price(s) and volume(s)

Price(s)

Volume(s)

8.75 pence

1. 2,000,000

2. 1,500,000

d)

Aggregated information

Aggregated volume Price

N/A (Single transactions)

e)

Date of the transaction

3 August 2023

f)

Place of the transaction

Off market

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1. Paul Ryan

2. Noel Lyons

3. Jason Brewer

2.

Reason for the Notification

a)

Position/status

1. Executive director

2. Executive director

3. Executive director

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Edenville Energy Plc

b)

LEI

213800DBIRLNVAHNDU21

4.

Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Issue of warrants to subscribe for ordinary shares

Identification code

GB00BN47NP32

b)

Nature of the Transaction

Acquisition of ordinary shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

9.125 pence (exercise price)

1. 1,200,000

2. 1,200,000

3. 1,200,000

d)

Aggregated information

Aggregated volume Price

N/A (Single transactions)

e)

Date of the transaction

3 August 2023

f)

Place of the transaction

Off market

 

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END
 
 
RAGPJMFTMTJMBPJ
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15th Aug 20237:00 amRNSChange of Admission Date
3rd Aug 20235:40 pmRNSResult of AGM,Directorate Change,Director Dealings
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