Result of General Meeting
European Green Transition PLC announced that all resolutions from its General Meeting on March 30, 2026, were passed, paving the way for the Placing and Subscription to complete on March 31, 2026. Raglan Road Capital Limited, controlled by Executive Chair Cathal Friel, subscribed for 3,333,333 new Ordinary Shares at 6 pence each and was issued warrants for an additional 4,583,333 shares at the same price, resulting in an aggregate 11.5% holding for Raglan Road Capital Limited and Cathal Friel upon Admission. A total of 125,000,000 new Ordinary Shares will be admitted to AIM, bringing the enlarged share capital to 269,620,892 Ordinary Shares.
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Capitalised terms not otherwise defined in the text of this Announcement have the meanings given in the Company's launch announcement released at 7.00 a.m. on 11 March 2026, unless otherwise specified.
European Green Transition PLC
("EGT", or the "Company")
Result of General Meeting
30 March 2026 - European Green Transition plc (AIM: EGT), a company focused on acquiring, integrating and optimising revenue-generating and profitable services businesses in the critical infrastructure sector, announces that, further to its circular published on 13 March 2026 ("Circular"), at the General Meeting of the Company held today, all resolutions set out in the Circular were duly passed. The voting results of the Meetings will be published on the Company's website shortly.
Accordingly, the Placing and Subscription are expected to complete, conditional on Admission, at 8.00 a.m. on 31 March 2026.
PDMR Dealings
As set out in the Circular, Raglan Road Capital Limited, which is controlled by Cathal Friel, Executive Chair of the Company, has subscribed for 3,333,333 new Ordinary Shares at the Issue Price in the Fundraising. Upon Admission Raglan Road Capital Limited and Cathal Friel will hold an interest in 8.64% and 2.86% of the Company's Ordinary shares, respectively (being 11.5% in aggregate). In addition, pursuant to the agreement relating to the Bridge Facility provided by Raglan Road Capital Limited to the Company in order to complete the acquisition of the O&M Business in an accelerated timeline, Raglan Road Capital Limited has also been issued warrants to subscribe for 4,583,333 new Ordinary shares at the Issue Price of 6 pence per Ordinary Shares.
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for a total of 125,000,000 new Ordinary Shares ("New Ordinary Shares") to be admitted to trading on AIM ("Admission"). It is expected that Admission and dealings in the New Ordinary Shares will commence at 8.00 a.m. on 31 March 2026. The New Ordinary Shares will rank pari passu with the existing Ordinary Shares. Upon Admission, the enlarged share capital of the Company will consist of 269,620,892 Ordinary Shares, none of which are held in treasury. Therefore, the total number of voting rights in the Company will be 269,620,892 and 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.
| a) | Name | Raglan Road Capital Limited | |
| 2 | Reason for the notification | ||
| a) | Position/status | Raglan Road Capital Limited, which is controlled by Cathal Friel, Executive Chair | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | European Green Transition plc | |
| b) | LEI | 9845000450IAF4808661 | |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 0.25p each GB00BPVG5407 | |
| b) | Nature of transaction | i) Subscription for Ordinary Shares ii) Issue of warrants to subscribe for Ordinary Shares | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| i) 6 pence per Ordinary Share ii) 6 pence per Ordinary Share | i) 3,333,333 ii) 4,583,333 | ||
| Aggregated information - Aggregated volume - Price | As above | ||
| e) | Date of the transaction | 30 March 2026 | |
| f) | Place of the transaction | London Stock Exchange, AIM |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.