Molecular Energies PLC Result of General Meeting (6843V)
April 06 2023 - 10:00AM
UK Regulatory
TIDMMEN
RNS Number : 6843V
Molecular Energies PLC
06 April 2023
06 April 2023
MOLECULAR ENERGIES PLC
("Molecular" or the "Company")
Result of General Meeting
Molecular Energies (AIM: MEN), the international energy company,
provides an update following its General Meeting held at 14.00pm
today and confirms that the resolution in relation to Amendments to
the IYA Loan as detailed in the Circular to shareholders dated 20
March 2023 was duly passed.
Peter Levine, Chairman, commented :
"This represents an important and necessary step to make a
re-imagined and revitalised Molecular a more relevant and investor
acceptable market proposition in 2023 whilst not losing the energy
focus at its heart. It is anticipated that further steps will
follow through this year.
"Positive progress and traction is being achieved in our
alternative energy division Green House Capital, where we see a
number of opportunities to invest in innovative and exciting
alternative energy projects. We look forward to further progress in
this division as the year progresses"
Contact:
Molecular Energies PLC +44 (0)20 7016 7950
Nikita Levine, Investor Relations info@molecularenergiesplc.com
finnCap (Nominated Advisor and
broker)
Christopher Raggett, George Dollemore +44 (0)20 7220 0500
Tavistock (Financial PR & IR)
Simon Hudson, Nick Elwes, Charles
Baister +44 (0)20 7920 3150
Notes to Editors
Molecular Energies PLC is an AIM listed company at the forefront
of energy development and has interests across the energy spectrum,
from oil and gas projects to subdivisions in the green and
alternative energy sub-sectors.
The Company has oil and gas production in two geographical
markets: Argentina and the United States, as well as exploration
assets in both Argentina and Paraguay. The Company also has two
separate subdivisions which are focused on early-stage
opportunities in the green and/or alternative energy sub-
sector.
Activities in the green and alternative energy space are being
carried out under the Green House Capital brand and through AIM
listed ATOME Energy PLC operating in Paraguay and Iceland,
producing green hydrogen and ammonia for use in fuels.
With a strong strategic and institutional base of support, an
in-country management team as well as the Chairman whose interests
as the largest shareholder are aligned to those of its
shareholders, Molecular gives UK investors access to an energy
growth story combined with world class standards of corporate
governance, environmental and social responsibility.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
UK Domestic Law by virtue of the European Union (Withdrawal) Act
2018 ("UK MAR"). The person who arranged for the release of this
announcement on behalf of the Company was Peter Levine,
Chairman.
-ends-
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END
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