Result of Retail Offer & Restoration of Trading
eEnergy Group plc has successfully raised approximately £1.96 million in gross proceeds from its Retail Offer, issuing 652,933,407 Retail Offer Shares at 0.3 pence each. This brings the total gross proceeds from the combined Placing, Subscription, and Retail Offer to approximately £8.3 million, with 2,755,021,618 New Ordinary Shares issued. Trading in the company's existing shares is expected to resume on October 6, 2026, at 7:30 a.m., following the closure of the Capital Access Window. The funds raised will be used to pay overdue trade creditors and for net working capital, aiming to strengthen the Group's balance sheet. Admission of the Retail Offer Shares is anticipated on October 26, 2026.
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eEnergy Group plc (AIM: EAAS) ("eEnergy", the "Company" or, together with its subsidiary undertakings, the "Group"), the net zero energy services provider, is pleased to announce, further to the Company’s announcement at 7.00 a.m. on 2 October 2026, the result of its Retail Offer.
The Company has conditionally raised aggregate gross proceeds of c. £1.96 million pursuant to the Retail Offer. Accordingly, the Company will issue a total of 652,933,407 Retail Offer Shares at the Issue Price pursuant to the terms of the Retail Offer.
In total, the Retail Offer, together with the Placing and Subscription announced on 2 October 2026, (together the "Fundraising”) has conditionally raised gross proceeds of c. £8.3 million for the Company comprising the issue of an aggregate 2,755,021,618 New Ordinary Shares at the Issue Price of 0.3 pence per share.
The Retail Offer is conditional upon, inter alia, the passing of certain resolutions to be put to shareholders of the Company at a General Meeting to be held on 23 October 2026, and the Retail Offer Shares being admitted to trading on AIM ("Admission"). A circular containing the Notice of General Meeting is expected to be dispatched to Shareholders today and a separate announcement will be made in that regard.
In the Fundraising, the number of New Ordinary Shares subscribed by the following Directors/PDMRs is set out below:
| Name | Position | Number of Shares subscribed | Amount subscribed |
|---|---|---|---|
| John Samuel | Chairman | 16,666,666 | £50,000 |
| Chris Poulton | PDMR | 233,333 | £700 |
The participation by John Samuel in the Retail Offer constitutes a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. Accordingly, John Gahan, CEO, who is the independent Director for the purpose of the above related party transaction, considers, having consulted with the Company's nominated adviser, Strand Hanson Limited, that the terms of John Samuel’s participation in the Retail Offer are both fair and reasonable insofar as the Company's shareholders are concerned.
It is anticipated that Admission will become effective and that dealings in the Retail Offer Shares will commence at or around 8.00 a.m. on 26 October 2026. A further announcement will be issued following the General Meeting.
The Retail Offer Shares will be issued free of all liens, charges and encumbrances and will, on Admission, rank pari passu in all respects with the New Ordinary Shares to be issued pursuant to the Fundraising.
Capital Access Window & Restoration of Trading
As detailed in the Company's announcement of 30 September 2026 titled "Capital Access Window - Trading Halt", the Company entered a Capital Access Window with effect from 2.00 p.m. on 30 September 2026 in connection with the Fundraising.
Following the announcement of the results of the Retail Offer and the Fundraising, the Capital Access Window has now closed and trading in the Company's existing Ordinary Shares is expected to resume at 7:30 a.m. on 6 October 2026.
Unless defined in this announcement, all capitalised terms have the same meaning ascribed to them in the Company’s announcements of the Placing, Subscription and Retail Offer, each released at 7.00 a.m. on 2 October 2026.
John Samuel, Chairman of eEnergy, commented:
”The Board is pleased to have secured commitments for £6.3m from the Placing and Subscription in total before costs and to have also received subscriptions for almost £2.0m in the Retail Offer. The Board strongly advises shareholders to vote in favour of the resolutions to be proposed at the General Meeting to be held on 23 October 2026 which, if passed, will enable the Company to secure these funds. Approximately £4.0m of the funds will be used to pay overdue trade creditors and the balance after costs will be used to fund net working capital.
We thank creditors and shareholders alike for their support. The Fundraising will provide the Group with a strong balance sheet from which to deliver shareholder value.”
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.