For immediate release
4 April 2024
EARNZ plc
("EARNZ" or the
"Company")
Result of General
Meeting
and
Total Voting Rights
EARNZ plc (AIM: EARN), an AIM Rule 15 cash shell
which is seeking acquisitions in the energy services sector,
announces that all resolutions put to Shareholders at the General
Meeting held earlier today were duly passed.
Total Voting
Rights
In respect of the Consolidation, to
ensure the Existing Shares can be exactly divisible by 100, the
Company has allotted 83 Ordinary Shares which are expected to be
admitted to trading on AIM at 8.00 a.m. on 5 April 2024 to Neville
Registrars Limited. Subject to the Consolidation becoming
effective at 6.00 p.m. on 5 April 2024 and conditional upon
Admission, the Consolidation will give rise to 9,546,495 New
Ordinary Shares of 4p each.
Following shareholder approval at
the General Meeting and conditional upon Admission, 39,954,644
Placing Shares, 9,378,689 Subscription Shares and 4,000,000 Loan
Shares have been allotted. The Company has therefore allotted a
total of 53,333,333 New Ordinary Shares in connection with the
Placing, Subscription and Loan Conversion. Admission of the New Ordinary Shares is expected to take place
at 8.00 a.m. on 8 April 2024.
Following Admission, the total
number of New Ordinary Shares will be 62,879,828 with each New
Ordinary Share carrying the right to one vote. There are no shares
held in treasury and therefore, following Admission, the total
number of voting rights in the Company will be
62,879,828.
The above figure may be used by
Shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the share capital of the Company
under the FCA's Disclosure, Guidance and Transparency
Rules.
Capitalised terms used in this
announcement, unless otherwise defined, shall have the meanings
given to them in the Company's announcement dated 18 March
2024.
Enquiries:
EARNZ
plc
|
+44 (0) 7778 798 816
|
Bob Holt
John Charlton
|
|
Shore Capital - Nominated Adviser and
Joint Broker
|
+44 (0) 20 7408 4090
|
Tom Griffiths / Lucy
Bowden
|
|
WH Ireland
Limited - Joint Broker
|
+44 (0) 20 7220 1666
|
Hugh Morgan / Antonio Bossi / Andrew de
Andrade
|
|