Result of Annual General Meeting

Edenville Energy Plc (AIM: EDL), the AIM quoted company operating the Rukwa Coal Project in southwest Tanzania announces that at its Annual General Meeting (“AGM”) held today all resolutions were passed. The votes were cast as follows:

Resolution Votes For Votes Against Withheld
One – Receipt of 2019 accounts 408,437,296 155,000 50,761
Two – Re-appointment of auditors 373,130,148 35,462,148 50,761
Three – Re-election of retiring Directors 407,382,969 1,209,327 50,761
Four – Allotment of relevant securities (General) 391,088,246 17,484,050 70,761
Five – Allotment of relevant securities (Lind Funding Agreement) 400,187,871 8,384,425 70,761
Six – Share Consolidation 397,991,616 9,633,480 1,010,761
Seven – Subdivision of Shares 397,992,116 9,612,980 1,010,761
Eight – Disapplication of pre-emption rights (General) 361,585,343 45,852,497 1,208,017
Nine – Disapplication of pre-emption rights (Lind Funding Agreement) 361,585,343 45,842,497 1,208,017

Completion of Capital Reorganisation

The Resolutions include those necessary to implement the Consolidation and Capital Reorganisation which the Company announced on 11 December 2020. As such, the Company expects 8,145,575 ordinary shares of £0.01 each (the “New Ordinary Shares”) to be readmitted to trading on AIM on 6 January 2021 (see below). The ISIN and SEDOL codes for the New Ordinary Shares are as follows:

ISIN code for New Ordinary Shares – GB00BN47NP32

SEDOL code for the New Ordinary Shares – BN47NP3

Admission to AIM and Total Voting Rights

Dealings on AIM in the Company’s Existing Ordinary Shares will cease at the close of business on 5 January 2021.

Application has been made for the admission of 8,145,575 New Ordinary Shares to trading on AIM. It is expected that Admission will take place and that trading in the New Ordinary Shares will commence, at 8.00 a.m. on 6 January 2020. No application will be made for admission of the New Deferred Shares to trading on AIM nor will any such application by made to any other exchange.

Following Admission, there will be a total of 8,145,575 New Ordinary Shares in issue. The Company does not hold any shares in treasury. Consequently, 8,145,575 is the figure which may be used by Shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

This announcement should be read in conjunction with the Notice of AGM and the Company’s announcement dated 11 December 2020. Capitalised terms used but not otherwise defined in this announcement bear the meanings ascribed to them in the Notice of AGM and the announcement dated 11 December 2020.