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.