7 February 2024
eEnergy Group plc
("eEnergy", "the Company" or "the Group")
Result of General Meeting
On 22 January 2024, the board of eEnergy announced that it had entered into an agreement to sell the Company's wholly owned Energy Management Division to Flogas for an initial consideration of £29.1 million and additional contingent consideration which may be payable based on the trading performance of the Energy Management Division for the period to 30 September 2025.
Capitalised terms used in this announcement have the meanings given to them in the circular published by eEnergy on 22 January 2024 and available at: www.eenergyplc.com/investors (the "Circular"), unless the context provides otherwise.
eEnergy is pleased to announce that at the General Meeting held today at 9.00 am, shareholders approved the Resolution to dispose of the Energy Management Division.
The Company expects to receive the Initial Cash Consideration of £25 million on Completion, which is expected to occur and be announced in the coming days.
Full details of the Resolution are set out in the notice of the General Meeting contained in the Circular.
The total number of proxy votes received in respect of the Resolution were as follows:
| Resolution | For | % | Against | % | Total* | Withheld |
| Disposal by the Company of the Energy Management Division | 224,063,733 | 99.98% | 38,046 | 0.02% | 224,101,779 | 186,388 |
| * | Excludes withheld votes |
For further information, please visit www.eenergyplc.com or contact:
| eEnergy Group plc | Tel: +44 20 7078 9564 |
| Harvey Sinclair, Chief Executive Officer Crispin Goldsmith, Chief Financial Officer
| |
| Strand Hanson Limited (Nominated Adviser) | Tel: +44 20 7409 3494 |
| Richard Johnson, James Harris
| |
| Canaccord Genuity Limited (Joint Broker) | Tel: +44 20 7523 8000 |
| Max Hartley, Harry Pardoe (Corporate Broking)
| |
| Turner Pope Investments (Joint Broker) | Tel: +44 20 3657 0050 |
| Andy Thacker, James Pope
| |
| Tavistock | Tel: +44 207 920 3150 |
| Jos Simson, Simon Hudson, Katie Hopkins |
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