Correction - Shares on Issue and Voting Rights
Correction to share count following issuance of 179,977,808 shares at 0.75 pence each.
- Shares issued to directors 22,400,000 at 0.75p
- Shares issued to service providers 13,600,000 at 0.75p
- Shares issued under AUO subscription 143,977,808 at 0.75p
- Total voting rights post-admission 2,209,113,810
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This is a correction to the "Total Voting Rights" included in the announcement 'Issue of Equity - AUO Issue and Advisor Shares' released on 16 May 2025 at 7 am which incorrectly stated "the Company's issued share capital will comprise 2,173,113,810 ordinary shares of 0.01p each, with each share carrying the right to one vote, therefore the total number of voting rights in the Company will be 2,173,113,810." The correct issued share capital of the Company on 16 May 2025 consisted of 2,209,113,810 ordinary shares of £0.01 each.
The full amended text is shown below.
Neo Energy, the near term, low-cost uranium developer, is pleased to announce that its Non-Executive Directors, James Longley, Charles Tatnall, Jackline Muchai and Bongani Raziya together with Jason Brewer have each agreed to receive their director fees for the six months ending 31 May 2025 in Ordinary Shares in lieu of cash payments.
Accordingly, an aggregate amount of 22,400,000 Ordinary Shares at an issue price 0.75 pence are to be issued to the above directors.
A further 13,600,000 Ordinary Shares at an issue price 0.75 pence, are be issued to four different service providers who have also elected to be paid in ordinary shares of the Company, in lieu of cash payments, as a commitment of their ongoing support of the Company's activities and growth strategy.
In addition, 143,977,808 Ordinary Shares at an issue price 0.75 pence, are to be issued under the AUO Commercial Brokerage LLC Subscription Agreement, as approved by shareholders and as set out in the Prospectus. Funds received have been applied to working capital costs of the Company's activities in South Africa and the United Kingdom and in respect of the acquisitions of the Beisa Uranium Project and Henkries South Uranium Project in South Africa.
Admission
Application has been made for the 179,977,808 Ordinary Shares to be admitted to trading to be admitted to trading on the Main Market of the London Stock Exchange on or around 22 May 2025 ("Admission") and will rank pari passu with the ordinary shares of the Company in issue.
Total Voting Rights
Following Admission, the Company's issued share capital will comprise 2,209,113,810 ordinary shares of 0.01p each, with each share carrying the right to one vote, therefore the total number of voting rights in the Company will be 2,209,113,810. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in the Company, or a change to their interest in the Company, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.