RNS
Number: 0543H
New Energy One
Acquisition Corp
15 March
2024
NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN
PART, INTO OR WITHIN ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY
CONSTITUTE A VIOLATION OF APPLICABLE SECURITIES
LAWS.
FOR IMMEDIATE
RELEASE.
New Energy One
Acquisition Corporation Plc
("NEOA" or the
"Company")
Redemption of Public
Shareholders
Further to the
announcement of its intention to cease operations except for the
purpose of winding-up dated March 1, 2024, New Energy One
Acquisition Corporation Plc ("NEOA"
or the "Company"),
a special purpose acquisition company, today announces the
redemption process for Public Shareholders, the resignation of
independent non-executive directors and an update on the Company's
admission to listing and trading.
Redemption
process for Ordinary Shares held by Public
Shareholders
Public Shareholders who
are registered in the register of members of the Company as of the
close of business (6:00 p.m.) on 15 March 2024 (the
"Redemption
Record Time") will have their
Ordinary Shares redeemed in connection with the cessation of the
Company's operations and its decision not to pursue a Business
Combination, and their CREST accounts will be credited with the
funds by close of business of 3 April 2024 (the
"Redemption
Date") (subject to the
Company having sufficient distributable reserves in order to fund
such redemption and subject to all other requirements of applicable
law and regulation).
The amount in the Escrow
Account for redemption of each Ordinary Share held by Public
Shareholders is anticipated to be £10.325 (comprising £10.00 per
Offer Share representing the amount subscribed for by Public
Shareholders in the Initial Public Offering, together with such
Ordinary Shareholders' pro rata entitlement to the Escrow Account
Overfunding, expected to be £0.325 per Offer Share. Any interest
that accrues on the amount deposited in the Escrow Account, after
deductions for any corporation tax charge thereon, will be set off
against the amount initially contributed by the Sponsor Entities in
respect of the Escrow Account Overfunding.
No action is required
to be taken by Public Shareholders at this time. Public
Shareholders who hold Ordinary Shares at the Redemption Record Time
shall not be able to dispose of, encumber, charge or deal in any
whatsoever with their Ordinary Shares and shall have their Ordinary
Shares automatically redeemed and payment in respect thereof will
be made by the Company's registrar as soon as practicable but no
later than the Redemption Date.
Public
Warrants
There will be no
redemption rights with respect to the Public Warrants which will
automatically expire upon completion of the liquidation of the
Company.
Resignation of
Independent Directors
In light of the
Company ceasing all operations except for the purpose of
winding-up, the independent non-executive directors of the Company,
comprising Volker Beckers, Philip Aiken and Tushita Ranchan, have
resigned as directors of the Company effective today.
Admission to
listing and trading
The Company hereby gives
notice of its requests to the Financial Conduct Authority (the
"FCA")
for the cancellation of the listing of the Ordinary Shares and the
Public Warrants on the standard segment of the Official List of the
FCA and to the London Stock Exchange (the "LSE")
for the cancellation of the trading of the Ordinary Shares and the
Public Warrants the Main Market for listed securities of the LSE.
Pursuant to Listing Rule 5.2.8R, the Company is required to give at
least twenty business days' notice of the intended cancellation of
listing of the Ordinary Shares and the Public Warrants.
Accordingly, such cancellation of admission to listing and trading
is expected to occur by no later than 17 April
2024.
For further
information, please contact:
NEOA
ONE Advisory
Limited
co-sec@oneadvisory.london
FGS Global
EnergyOne-LON@fgsglobal.com
+44
(0)20 7251 3801
The LEI of NEOA is
213800NRR4DCRPRUZ804.