Aquila European Renewables PLC Intention to List on Euronext Growth (9120N)
September 28 2023 - 1:00AM
UK Regulatory
TIDMAERS TIDMAERI
RNS Number : 9120N
Aquila European Renewables PLC
28 September 2023
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE
REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME
WOULD BE UNLAWFUL OR TO U.S. PERSONS.
This announcement is not an offer of securities for sale in any
jurisdiction. This announcement is not a prospectus (or prospectus
equivalent document) or an advertisement. Investors should not
subscribe for or purchase any Ordinary Shares (as defined below)
based on this announcement or the Information Document (as defined
below). Neither this announcement nor any part of it shall form the
basis of or be relied on in connection with or act as an inducement
to enter into any contract or commitment whatsoever. No reliance
may be placed for any purpose on the information contained in this
announcement or its accuracy or completeness. The material set
forth herein is for information purposes only and should not be
construed as an offer of securities for sale in any
jurisdiction.
28 September 2023
Aquila European Renewables plc
Euronext Growth Dublin
Aquila European Renewables plc ("AER" or "the Company"), the
London-listed investment company advised by Aquila Capital
Investmentgesellschaft mbH, is pleased to announce its intention to
seek admission of all of its ordinary shares with a nominal value
of 1 cent each (the "Ordinary Shares") to trading on Euronext
Growth Dublin, a market operated by Euronext Dublin (the "Proposed
Admission").
The Company is not raising any new funds and will not place or
issue any new Ordinary Shares in connection with application for
the Proposed Admission. No Ordinary Shares will be offered or
marketed to the public in Ireland, the UK or elsewhere in
connection with the Proposed Admission. The Company will remain
listed on the premium segment of the Official List and admitted to
trading on the Main Market for listed securities of the London
Stock Exchange.
The Company has today published an Information Document in
connection with the Proposed Admission which will shortly be
available on the Company's website at
https://www.aquila-european-renewables.com/ . The Information
Document is not a prospectus and has not been approved by the
Central Bank of Ireland, the Financial Conduct Authority or any
other regulatory authority.
It is expected that such admission will become effective, and
that dealings in the Ordinary Shares on Euronext Growth Dublin, may
commence, on 2 October 2023.
The Company's ticker on Euronext Growth Dublin will be AERI and
the Company's ticker on the London Stock Exchange will remain as
AERS for the Sterling line and AERI for the Euro line. The ISIN is
GB00BK6RLF66. On the Proposed Admission date, there will be
408,225,705 Ordinary Shares in issue. Currently, the Company has
28,335,392 Ordinary Shares held in treasury and 379,890,313
Ordinary Shares in circulation. The Ordinary Shares in circulation
(379,890,313) may be used by shareholders as the denominator for
the calculation by which to determine if they are required to
notify their interest in the Company under the FCA's Disclosure
Guidance and Transparency Rules.
Ian Nolan (Chairman of AER) commented:
"We announced our intention to explore a secondary listing in
May 2023 as one of a number of key initiatives the Board is
exploring to help secure recognition in the share price of the real
underlying value of the portfolio. Given the diverse European focus
of the Company's strategy and its EUR denomination, we believe a
European listing will further enhance the Company's marketability
and appeal in Europe thereby also potentially enhancing liquidity
of the underlying shares and providing opportunities for further
growth."
For further information please contact:
Numis (Sponsor, Broker and Placing Agent and Euronext Growth
Listing Sponsor)
Tod Davis 020 7260 1000
David Benda
Apex Listed Companies Services (UK) Limited (Company Secretary) 020 3327 9720
LEI Number: 213800UKH1TZIC9ZRP41
General
Numis Securities Limited ("Numis") is acting as sponsor, under
the Euronext Growth Markets Rule Book Parts I and II both dated 1
April 2022. Numis is authorised and regulated in the United Kingdom
by the FCA. Numis is acting exclusively for the Company and no-one
else in connection with the Proposed Admission and will not be
responsible to anyone other than the Company for providing the
protections afforded to its clients or advising any other person in
connection with the Proposed Admission or any other matter referred
to in this announcement.
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END
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