Business
Conversion of Loan and Issue of Shares
EnergyPathways plc has announced the conversion of £500,000 of a £1 million loan tranche into 6,024,822 new ordinary shares at approximately 8.3 pence per share, representing a 40% premium to the reference price. These new shares will be admitted to trading on AIM around 15 May 2026 and will rank equally with existing shares. Following this issuance, the Company's total issued share capital will be 239,494,749 ordinary shares. Disclaimer*
About this update from Energypathways Plc
[{"type":"text","content":"\n\n11 May 2026\nEnergyPathways plc\n(\"EnergyPathways\" or the \"Company\")\nConversion of Loan and Issue of Shares\nEnergyPathways (AIM:EPP), the energy transition company, has, pursuant to the Financing Agreement announced on 28 April 2026, received a conversion notice from the Investor to convert £500,000 of the first drawdown tranche of £1million, announced on 30 April 2026, into new ordinary shares (\"Conversion Shares\").\nAccordingly, a total of 6,024,822 Conversion Shares will be issued to the Investor at approximately 8.3 pence per Conversion Share, representing a 40% premium to the Reference Price of 5.93 pence per Conversion Share. \n \nAdmission and Total Voting Rights\nApplication will be made for the Conversion Shares to be admitted to trading on AIM, which is expected to occur on or around 15 May 2026 (\"Admission\"). The Conversion Shares will rank pari passu in all respects with the Company's existing ordinary shares currently traded on AIM.\nFollowing Admission, the Company's issued share capital will comprise 239,494,749 ordinary shares of 1 pence each. This number will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.\nDefined terms in this announcement are the same as those in the announcement of the Financing Agreement made by the Company on 28 April 2026.\n \nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018). The Directors of the Company are responsible for the contents of this announcement\nEND\nInvestor Engagement with EnergyPathways\nEngage with us by asking questions, watching video summaries and seeing what other shareholders have to say. Navigate to our Interactive Investor website here: https://energypathways.uk/\n \nEnquiries\n\n\n\n\n\n\n\n \n\n\n\n\nEnergyPathways Ben Clube / Max Williams\n \n\n\nTel: +44 (0)207 466 5000, c/o Burson Buchanan (Financial PR)\nEmail : [email protected]\n \n\n\n\n\nCairn Financial Advisers LLP (Nominated Adviser)...