Result of General Meeting
EARNZ plc announced that resolutions passed at its General Meeting allow for the allotment of 101,109,432 new ordinary shares, comprising Placing Shares, Initial Consideration Shares, and Retail Offer Shares. This allotment is a key condition for the acquisition of Zero Carbon Group Limited, which is expected to complete on 31 March 2026, with admission of the new shares to AIM anticipated for the same date. Following admission, the total number of ordinary shares in issue will be 235,017,794.
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EARNZ plc (AIM: EARNZ), an energy services company whose objective is to capitalise on the drive for global decarbonisation, is pleased to announce that the Resolutions put to its General Meeting held earlier today were duly passed.
Following the passing of the Resolutions, the Board has allotted 101,109,432 new ordinary shares of 4 pence each in the Company comprising the Placing Shares, Initial Consideration Shares and Retail Offer Shares.
Following the passing of the Resolutions earlier today and Admission (as defined below) of the Placing Shares, Initial Consideration Shares and Retail Offer Shares, expected tomorrow, all outstanding conditions required in respect of the acquisition of Zero Carbon Group Limited (the "Acquisition") are expected to have been met and the Acquisition is therefore expected to complete on 31 March 2026.
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for admission of the Placing Shares, Initial Consideration Shares and Retail Offer Shares, a total of 101,109,432 new Ordinary Shares, to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Placing Shares, Initial Consideration Shares and Retail Offer Shares will commence on AIM at 8.00 a.m. on or around 31 March 2026 (or such later date as may be agreed between the Company and Zeus, but no later than 30 April 2026).
The Placing Shares, Initial Consideration Shares and Retail Offer Shares will be issued fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares.
Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 235,017,794 Ordinary Shares with voting rights. This 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 Company's share capital pursuant to the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Capitalised terms not defined in this announcement have the meanings given to them in the Company's circular dated 12 March 2026.
Engage with the Earnz PLC management team directly by asking questions, watching video summaries and seeing what other shareholders have to say. Navigate to our interactive investor hub here: https://investors.earnzplc.com/link/y5Rwxe
For further information, please contact: https://investors.earnzplc.com/link/y5Rwxe.
| Investor questions on this announcement We encourage all investors to share questions on this announcement via our investor hub | https://investors.earnzplc.com/link/y5Rwxe |
| Earnz Plc Peter Smith / Elizabeth Lake | Via our investor hub |
| Nominated Adviser and Broker Zeus Investment Banking Antonio Bossi / Andrew de Andrade / Oscar Stack Corporate Broking Dominic King / Alex Bartram | +44 (0) 203 829 5000 |
| Camarco - Financial PR Ginny Pulbrook/Rachel Scott | +44 (0) 7961 315138 EARNZ@camarco.co.uk |
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Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.