Finalización de la venta y cambios en la junta directiva
9 de febrero de 2024
Grupo eEnergy plc
("eEnergy", "la Compañía" o "el Grupo")
Completion of Sale of Energy Management Division
Cambios de junta
Further to the announcements on 22 January 2024 and 7 February 2024, eEnergy is pleased to announce it has completed the disposal of the Energy Management Division to Flogas Britain Limited for an initial consideration of £29.3 million. Additional contingent consideration, expected to be between £8 million and £10 million, will also be due to the Company, based on the trading performance of the Energy Management Division for the period to 30 September 2025.
The Company has now received the Initial Cash Consideration of £25 million and the remaining £4.3 million of initial consideration (reflecting the financial position of the Energy Management Division at completion) has been used to repay amounts due from the Group to the Energy Management Division. As previously announced, the net proceeds from the Disposal will be used to reinvest into the Company's high growth energy services division and pay down all the Group's external debt facilities of £8.1 million, comprising the £5.0 million HSBC Innovation Finance (previously known as Silicon Valley Bank) revolving credit facility ("RCF") and the £2.525 million secured discounted capital bonds ("Bonds") provided by FFIH Limited (£1 million)), Hawk Investment Holdings Limited (£1 million) and directors and previous directors (£0.525 million) together, in the case of the RCF, with interest accrued, and, in the case of the Bonds, with an early settlement discount, as well as for general working capital purposes.
Capitalised terms in this announcement shall have the same meaning as in the Company's announcement of the Disposal on 22 January 2024, unless the context provides otherwise.
Cambios de junta
The Company is pleased to announce a board restructuring to reflect the simplified business and the Company's focus on its core energy services division going forward.
Following completion of the Disposal and with repayment of the Bonds to FFIH Limited and Hawk Investment Holdings Limited, John Foley, Non-Executive Chair, who is a shareholder and director of FFIH is stepping down from the board, and Andrew Lawley, currently Non-Executive Director, has been appointed Non-Executive Chair, each with immediate effect.
In addition, David Nicholl, Non-Executive Director, is stepping down from the board, effective immediately. David will, however, remains as an adviser to the board given his experience and technology sector knowledge.
The Company is also pleased to announce that John Hornby is joining the eEnergy board as Non-Executive Director with immediate effect. John is Chief Executive Officer of Luceco plc which, following its strategic investment into the Company in November 2023, holds an interest in 9.96% of eEnergy's issued shares. John originally joined Luceco in 1997 and led the management buyout of the company in 2000 as well as the secondary buyout with EPIC Investment Partners LLP (formerly EPIC Private Equity LLP) in 2005, in his capacity as CEO at that time. John began his career with Knox D'Arcy Management Consultants following his graduation from the University of Oxford where he obtained a degree in Economics.
Harvey Sinclair, director ejecutivo de eEnergy, comenta: "I am very pleased to announce the completion of the Disposal which unlocks value for shareholders and significantly strengthens our balance sheet so that we can focus our resources on our fast-growing energy services business. Andrew Lawley will continue to provide his advice and expertise to the board, now as Chair. On behalf of the Directors, management and staff, I would like to thank John Foley and David Nicholl for their valuable contributions as Directors of eEnergy.
"I would also like to thank our colleagues in the Energy Management Division and wish them every success with their new parent."
Para más información, visite www.eenergy.com o contacte:
Grupo eEnergy plc | Tel: +44 20 7078 9564 |
Harvey Sinclair, director ejecutivo Crispin Goldsmith, director financiero
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Strand Hanson Limited (Asesor designado) | Tel: +44 20 7409 3494 |
Richard JohnsonJames Harris
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Canaccord Genuity Limited (Articulación Broker) | Tel: +44 20 7523 8000 |
Max Hartley, Harry Pardoe (corretaje corporativo)
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Inversiones de Turner Pope (Articulación Broker) | Tel: +44 20 3657 0050 |
Andy ThackerJames Pope
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Tavistock | Tel: +44 207 920 3150 |
Jos Simson, Simon Hudson y Katie Hopkins |
Reglas AIM para Empresas, Anexo 2(g) Divulgaciones
La siguiente información adicional se proporciona de acuerdo con el párrafo (g) del Anexo Dos de las Reglas AIM para Empresas.
Mr Jonathan (John) Charles Hornby (aged 54) is currently or has been a Director of the following companies within the past five years:
Directores actuales | Cargos anteriores (en los últimos cinco años) |
BG Electrical Limited | Luceco Lighting Limited |
Luceco UK Limited | Masterplug Limited |
luceco plc | Masterplug Holdings Limited |
Luceco Holdings Limited | B.G. Electrical Holdings Limited |
Kingfisher Lighting Limited | Syncev Limited |
Inversiones Deanmor | Syncev Technologies Limited |
DW Windsor Group Limited | Fusion Lighting Limited |
D.W. Windsor Limited | Street Lighting Limited |
Pulsar Lighting Solutions Limited | |
Urban Control Limited | |
EV Charge Points UK T/A EVCP Ltd | |
Luceco Electrical (Jiaxing) Limited | |
Luceco SAS | |
Luceco Southern Europe SL | |
Luceco Inc |
Mr Hornby currently holds no direct interests in the Company's ordinary Shares.
No hay más información para ser divulgada de conformidad con el Anexo 2 (g) de las Reglas AIM para Empresas.
Acerca de eEnergy Group plc
eEnergy (AIM: EAAS) está revolucionando el camino hacia el cero neto como proveedor líder de servicios de energía digital para organizaciones B2B y del sector público. Eliminamos las barreras a la generación de energía limpia y la reducción del desperdicio de energía, ofreciendo soluciones que no requieren inversión de capital inicial. Nuestra visión es clara: hacer posible y rentable el cero neto para todas las organizaciones. eEnergy es líder del mercado en el sector educativo y ha recibido el premio Green Economy Mark de la Bolsa de Valores de Londres.
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