REG - EnergyPathways PLC - Conversion of Loan and Issue of Shares

EnergypathwaysAnnouncement

11/05/2026 18:00

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RNS Number : 8665D  EnergyPathways PLC  11 May 2026

11 May 2026

EnergyPathways plc

("EnergyPathways" or the "Company")

Conversion of Loan and Issue of Shares

EnergyPathways (AIM:EPP), the energy transition company, has, pursuant to the
Financing Agreement announced on 28 April 2026, received a conversion notice
from the Investor to convert £500,000 of the first drawdown tranche of
£1million, announced on 30 April 2026, into new ordinary shares ("Conversion
Shares").

Accordingly, a total of 6,024,822 Conversion Shares will be issued to the
Investor at approximately 8.3 pence per Conversion Share, representing a 40%
premium to the Reference Price of 5.93 pence per Conversion Share.

 

Admission and Total Voting Rights

Application will be made for the Conversion Shares to be admitted to trading
on AIM, which is expected to occur on or around 15 May 2026 ("Admission"). The
Conversion 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
239,494,749 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.

Defined terms in this announcement are the same as those in the announcement
of the Financing Agreement made by the Company on 28 April 2026.

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the
European Union (Withdrawal) Act 2018). The Directors of the Company are
responsible for the contents of this announcement

END

Investor Engagement with EnergyPathways

Engage with us by asking questions, watching video summaries and seeing what
other shareholders have to say. Navigate to our Interactive Investor website
here: https://energypathways.uk/ (https://energypathways.uk/)

 

Enquiries

                                                   (https://energypathways.uk/link/P7bAXr)
 EnergyPathways                                    Tel: +44 (0)207 466 5000, c/o Burson Buchanan (Financial PR)
 Ben Clube / Max Williams

                                                 Email : info@energypathways.uk

 Cairn Financial Advisers LLP (Nominated Adviser)  Tel: +44 (0)20 7213 0880
 Jo Turner / Louise O'Driscoll / Sandy Jamieson

 SP Angel Corporate Finance LLP (Broker)           Tel: +44 (0)20 3470 0470
 Richard Hail / Adam Cowl

 

 

Subscribe to our news alert service: energypathways.uk
(http://energypathways.uk/auth/signup) /auth/signup
(http://energypathways.uk/auth/signup)   For further information on
EnergyPathways visit www.energypathways.uk (http://www.energypathways.uk) and
@energy_pathways on X.

 

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as general economic, market and business conditions, competition for qualified
staff, the regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political jurisdiction,
uncertainties regarding the results of exploration, uncertainties regarding
the timing and granting of prospecting rights, uncertainties regarding the
timing and granting of regulatory and other third party consents and
approvals, uncertainties regarding the Company's or any third party's ability
to execute and implement future plans, and the occurrence of unexpected
events.

 

Actual results achieved may vary from the information provided herein as a
result of numerous known and unknown risks and uncertainties and other
factors.

 

 

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