Business
Schedule One Update - EARNZ PLC
Schedule One Update - EARNZ PLC.
About this update from Earnz Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\nANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES (\"AIM RULES\")\n\n\n\n\n\n\n\n\n\nCOMPANY NAME:\n\n\n\n\n \nEARNZ plc (\"EARNZ\" or the \"Company\")\n \n\n\n\n\nCOMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :\n\n\n\n\n \nFirst Floor\nHolborn Gate\n330 Holborn\nLondon WC1V 7QT\n \n\n\n\n\nCOUNTRY OF INCORPORATION:\n\n\n\n\n \nEngland & Wales\n \n\n\n\n\nCOMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:\n\n\n\n\n \nhttps://earnzplc.com/\n \n\n\n\n\nCOMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:\n\n\n\n\n \nEARNZ plc is an AIM Rule 15 cash shell, which is required to make an acquisition or acquisitions which constitute a reverse takeover by 31 August 2024. The Company has stated previously that it was looking for acquisitions in the energy services sector and the Board believes that the acquisitions represent an opportunity which aligns with the Company's corporate strategy to capitalise on the drive for global decarbonisation and will provide a platform for future growth both organically and inorganically through further acquisitions in the energy services sector. Each acquisition is considered by the Directors to be complementary to the core ambition of the Company and earnings enhancing.\n \nThe Company has identified and agreed commercial terms with the vendors of the following two companies which operate in the energy services sector. The acquisitions are classified as reverse takeovers pursuant to AIM Rule 14 and are therefore conditional on shareholders' approval which is to be sought at a general meeting of the Company to be held on 27 August 2024. Details of each of the companies are set out below:\n \n· Cosgrove & Drew Ltd (\"C&D\"), which was incorporated in 2015 is an award-winning asset and energy support services company which focuses on two key services: (i) major projects, self-delivering mechanical engineering projects for mainly commercial sites within the public secto...