Edenville Energy PLC Result of AGM,Directorate Change,Director Dealings (2784I)
August 03 2023 - 11:40AM
UK Regulatory
TIDMEDL
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 Director Warrants Resultant shareholding % enlarged
Fee Shares 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 +254 (0)743 303075
Jason Brewer - Executive Director Via IFC Advisory
Noel Lyons - CEO
Strand Hanson Limited
(Financial and Nominated Adviser)
James Harris +44 (0) 02 7409
Richard Johnson 3494
Tavira Securities Limited +44 (0) 20 7100
(Broker) 5100
Oliver Stansfield
Jonathan Evans
IFC Advisory Limited
(Financial PR and IR)
Tim Metcalfe +44 (0) 20 3934
Florence Chandler 6630
PDMR Notification Forms :
The notifications below are made in accordance with the
requirements of MAR.
Details of the person discharging managerial responsibilities
1. / person closely associated
a) Name 1. Paul Ryan
2. Noel Lyons
------------------------------- ---------------------------------------------
Reason for the Notification
2.
------------------------------------------------------------------------------
a) Position/status 1. Executive director
2. Executive director
------------------------------- ---------------------------------------------
b) Initial notification/amendment Initial notification
------------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name Edenville Energy Plc
------------------------------- ---------------------------------------------
b) LEI 213800DBIRLNVAHNDU21
------------------------------- ---------------------------------------------
Details of the transaction(s):section to be repeated for (i)
4. 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 Ordinary shares of 1 pence each
instrument, type of
instrument
------------------------------- ---------------------------------------------
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 N/A (Single transactions)
Aggregated volume Price
------------------------------- ---------------------------------------------
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 Issue of warrants to subscribe for ordinary
instrument, type of instrument 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 1. 1,200,000
price)
2. 1,200,000
3. 1,200,000
--------------
-------------------------------- --------------------------------------------
d) Aggregated information N/A (Single transactions)
Aggregated volume Price
-------------------------------- --------------------------------------------
e) Date of the transaction 3 August 2023
-------------------------------- --------------------------------------------
f) Place of the transaction Off market
-------------------------------- --------------------------------------------
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