TIDMEDL

RNS Number : 4225B

Edenville Energy PLC

02 June 2023

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 identi ed 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 re ect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

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END

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June 02, 2023 02:00 ET (06:00 GMT)

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