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Issue of Fee Shares

5th Mar 2025 07:00

RNS Number : 3607Z
EnergyPathways PLC
05 March 2025
 

5 March 2025

EnergyPathways plc

 

("EnergyPathways" or the "Company")

 

Issue of fee shares

 

EnergyPathways plc (AIM: EPP), an integrated energy transition company, announces the issue of 496,164 new ordinary shares of 1 pence each at ("Fee Shares") in settlement of consultancy fees for members of the Marram Project management team for Q4 2024 and for other third party services received.

 

Pursuant to the terms of the agreements with the Company's consultants, monthly fees are settled through a combination of cash payments and the periodic issue of new shares. Accordingly, the Company has issued 334,874 Fee Shares, representing a total of £31,449.70 in fees payable by the Company at a price of approximately 9.39p per Fee Share. The pricing for these shares is based on the 5 day VWAP for the last five days of trading, calculated on a monthly basis.

 

Additionally, the Company has settled £12,500 due to a third party service provider by way of the issue of 161,290 Fee Shares at a price of approximately 7.75p per share as per the terms of engagement agreed with the third party.

Admission and Total Voting Rights

Application will be made for the Fee Shares to be admitted to trading on AIM, which is expected to occur on or around 10 March 2025 ("Admission"). The Fee Shares will rank pari passu in all respects with the Company's existing ordinary shares currently traded on AIM.

Following Admission, the Company's issued share capital will comprise 168,991,509 ordinary shares of 1 pence each. This number will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Enquiries:

 

EnergyPathwaysBen Clube / Ben Hodges

 

Tel: +44 (0)20 7466 5000, c/o Buchanan (Financial PR)

Email : [email protected]

Cairn Financial Advisers LLP (Nominated Adviser) Jo Turner / Louise O'Driscoll / Sandy Jamieson

Tel: +44 (0)20 7213 0880

SP Angel Corporate Finance LLP (Joint Broker) Richard Hail / Adam Cowl

Tel: +44 (0)20 3470 0470

Global Investment Strategy UK Limited (Joint Broker) Callum Hill / James Sheehan

Tel: +44 (0)20 7048 9000

Buchanan (Financial PR) Ben Romney / Barry Archer

Tel: +44 (0)20 7466 5000Email: [email protected]

 

For further information on EnergyPathways visit www.energypathways.uk and @energy_pathways on X (formerly Twitter).

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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EnergyPathways
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