Business
Completion of Acquisitions, Shareholdings and TVR
Completion of Acquisitions, Shareholdings and TVR.
About this update from Earnz Plc
[{"type":"text","content":"\n\n29 August 2024\nEARNZ plc\n(\"EARNZ\" or the \"Company\")\n\nCompletion of Acquisitions, \nDirectors' Shareholdings, \nConcert Parties' Shareholdings, and \nTotal Voting Rights\n\nEARNZ plc (AIM: EARN), an energy services company whose objective is to capitalise on the drive for global decarbonisation, is pleased to announce completion of the acquisitions of Cosgrove & Drew Ltd and South West Heating Services Ltd. Re-Admission of the Existing Ordinary Shares and the VCT and EIS Placing Shares occurred and dealings commenced in the Non-EIS and VCT Placing Shares, the Initial Consideration Shares, the Bob Holt Loan Conversion Shares, the Existing Ordinary Shares and the VCT and EIS Placing Shares at 8.00 a.m. today.\n \nUnless the context provides otherwise, capitalised terms used in this announcement have the meanings given to them in the announcement of the proposed fundraising released on 8 August 2024.\n \nDirectors' Shareholdings\n \nThe table below outlines the Directors' respective shareholdings following Re-Admission.\n \n\n\n\n\nName\n\n\nPosition\n\n\nShareholding on Re-Admission\n\n\n% of Enlarged Share Capital\n\n\n\n\nBob Holt(1)\n\n\nExecutive Chair\n\n\n10,321,786\n\n\n10.10%\n\n\n\n\nElizabeth Lake\n\n\nChief Financial Officer\n\n\n1,666,666\n\n\n1.63%\n\n\n\n\nJohn Charlton(2)\n\n\nExecutive Director\n\n\n799,999\n\n\n0.78%\n\n\n\n\nLinda Main\n\n\nNon-Executive Director\n\n\n200,000\n\n\n0.20%\n\n\n\n\nSandra Skeete\n\n\nNon-Executive Director\n\n\n13,333\n\n\n0.01%\n\n\n\n\n(1) Bob Holts' shareholding includes 133,333 Ordinary Shares held by his wife, Angela Burnett, 4,666,666 Ordinary Shares held in a SSAS in his own name with the remainder of the Ordinary Shares held in his own name\n(2) John Charlton's shareholding includes 133,333 Ordinary Shares held by his wife, Catherine Charlton\n \nConcert Parties' Shareholdings\nBob Holt is a common member of the Bob Holt Concert Party and the C&D Concert Party and together they are known as the Existing Bob Holt Concert Party. Separately, the SWHS Concert Party, which comprises only Andrew Custer, is regarded as acting in concert for the purposes of the City Code, but is not acting in concert with the Existing Bob Holt Concert Party. \nThe table below outlines the combi...