AMTE Power PLC Block Listing Application (1335X)
April 30 2021 - 1:00AM
UK Regulatory
TIDMAMTE
RNS Number : 1335X
AMTE Power PLC
30 April 2021
30 April 2021
AMTE POWER plc
("AMTE Power", or the "Company")
BLOCK LISTING APPLICATION
AMTE Power plc (LSE: AMTE), a leading developer and manufacturer
of lithium-ion battery cells for specialist markets, announces that
an application has been made to the London Stock Exchange plc for a
block listing of securities in respect of 2,551,924 ordinary shares
of GBP0.005 each (the 'New Ordinary Shares') to be admitted to
trading on AIM.
The New Ordinary Shares will be issued from time to time in
order to satisfy certain options and warrants which may be
exercised. It is expected that admission will become effective on 5
May 2021.
The block listings consist of:
1. 99,849 ordinary shares in respect of the options granted in October 2016;
2. 230,976 ordinary shares in respect of the options granted in January 2018;
3. 234,184 ordinary shares in respect of the options granted in October 2018;
4. 969,217 ordinary shares in respect of the options granted in May 2020;
5. 290,725 ordinary shares in respect of the options granted in November 2020;
6. 597,490 ordinary shares in respect of the options granted in December 2020;
7. 95,037 ordinary shares in respect of the warrants granted in December 2017; and
8. 34,446 ordinary shares in respect of the warrants granted in March 2021.
For the avoidance of doubt these applications are not
applications to list the warrants and options themselves on any
regulated market but merely an administrative measure to ensure
that the Company does not need to make multiple applications for
admission of ordinary shares to trading on each separate occasion
when the existing warrants and options are exercised by holders.
There are no changes to the terms and conditions of the warrants
and options.
Following the Block Admission, the Company's issued share
capital will remain unchanged at 34,666,027 ordinary shares. The
Company will make six-monthly announcements of the utilisation of
the Block Admission, in line with its obligations under AIM Rule
29.
When issued, the New Ordinary Shares will be credited as fully
paid and will rank pari passu in all respects with the existing
ordinary shares of GBP0.005 each in the capital of the Company
('Ordinary Shares').
For further information contact:
AMTE Power plc Tel: +44 (0)1847 867 200
Kevin Brundish (Chief Executive Officer)
Adam Westcott (Chief Financial Officer)
WH Ireland Limited (NOMAD and Joint Broker) Tel: +44 (0)207 220 1666
Chris Fielding / Matt Chan
SI Capital Limited (Joint Broker) Tel: +44 (0)1483 413 500
Nick Emerson / Nick Briers
Novella Communications Tel: +44 (0)203 151 7008
Tim Robertson / Fergus Young
ABOUT AMTE POWER PLC
AMTE Power was founded in 2013 and is a leading developer and
manufacturer of lithium-ion battery cells for specialist markets.
In March 2021, the Company listed on the AIM market of the London
Stock Exchange. The Company is focused on launching a series of
next generation battery cells based on new chemistries and cell
structures that are designed to solve key problems in power
delivery, energy performance, and safety. These new products are
targeted at a range of specialist markets including the automotive
industry, oil and gas market and energy storage sector. AMTE's
purpose-built cell manufacturing facility in Thurso, Scotland has
the second largest cell manufacturing capacity in the UK and the
Company also has a product development team based in Oxford. For
further information visit the Company's website:
www.amtepower.com
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END
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