eEnergy Group PLC has successfully obtained shareholder approval for the sale of its Energy Management Division to Flogas. The initial consideration for the sale is £29.1 million, with the potential for additional contingent consideration based on the division's trading performance until September 2025. The company anticipates receiving the initial cash consideration of £25 million upon completion, which is expected to occur in the coming days.
During the General Meeting, shareholders voted in favor of the Resolution to dispose of the Energy Management Division, with 99.98% of the proxy votes cast in support of the resolution. The company is set to receive the Initial Cash Consideration of £25 million upon completion, which is expected to be announced shortly.
For more information, interested parties can visit the company's website or contact eEnergy Group PLC directly. The company's Chief Executive Officer, Harvey Sinclair, and Chief Financial Officer, Crispin Goldsmith, can be reached at +44 20 7078 9564 or via email at [email protected].
Additionally, the company's Nominated Adviser, Strand Hanson Limited, and Joint Brokers, Canaccord Genuity Limited and Turner Pope Investments, are available for further inquiries. They can be contacted at the provided telephone numbers. Tavistock, the company's communications advisor, can be reached at +44 207 920 3150 or via email at [email protected].