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Result of AGM, Directorate Change, Director Dealings

3 August 2023

Edenville Energy Plc

(“Edenville” or the “Company”)


Result of Annual General Meeting,

Directorate Change, Directors’ Dealings and Issue of Equity


Edenville Energy Plc (AIM: EDL), the AIM quoted company operating the Rukwa Coal Project in southwest Tanzania, is pleased to announce that all resolutions were passed at the Annual General Meeting (“AGM”) of the Company held earlier today.

At the AGM, shareholders approved the proposed change of name to Shuka Minerals plc, which will be effective once relevant Companies House filings have been completed. A further announcement will made in due course.

In addition, further to the Company’s announcement of 10 July 2023, Nicholas (Nick) von Schirnding, Non-Executive Chairman, has tendered his three months’ notice to the Board and is resigning as Director and Non-Executive Chairman of the Company with effect from 31 October 2023.

Application has been made to the London Stock Exchange for Admission of the 17,860,000 Subscription Shares and the 3,500,000 Director Fee Shares, which is expected to occur, subject to receipt by the Company of proceeds for the Subscription Shares, at 8.00 a.m. on or around 11 August 2023. Following Admission, the total issued share capital of the Company with voting rights will comprise 60,219,861 Ordinary Shares.

In addition, the Company has today issued the Director Warrants.


Investor


Subscription Shares


Resultant shareholding


% enlarged share capital


Q Global Commodities Group


10,586,598


17,586,598


29.20

Gathoni Muchai Investments Ltd


​7,273,402


11,773,402


19.55


Director


Director Fee Shares


Director Warrants


Resultant shareholding


​% enlarged share capital


Paul Ryan


2,000,000


​​1,200,000


2,013,382


3.34

Noel Lyons


1,500,000


1,200,000


​1,517,000


2.52

Jason Brewer


​1,200,000


Defined terms shall have the same meaning as in the Company's announcement on 10 July 2023, unless otherwise stated.


For further information please contact:


Edenville Energy Plc Jason Brewer - Executive Director Noel Lyons - CEO

​+254 (0)743 303075 Via IFC Advisory

Strand Hanson Limited (Financial and Nominated Adviser) James Harris Richard Johnson

​+44 (0) 02 7409 3494

Tavira Securities Limited (Broker) Oliver Stansfield Jonathan Evans

​+44 (0) 20 7100 5100

IFC Advisory Limited (Financial PR and IR) Tim Metcalfe Florence Chandler

​+44 (0) 20 3934 6630

PDMR Notification Forms :

The notifications below are made in accordance with the requirements of MAR.


1.

Details of the person discharging managerial responsibilities / person closely associated


a)

Name

1. Paul Ryan

2. Noel Lyons

2.

Reason for the Notification

a)

Position/status


1. Executive director

2. Executive director

​Initial notification/amendment


​Initial notification


3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor


a)

Name

Edenville Energy Plc


b)

LEI

213800DBIRLNVAHNDU21


4.

Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted


​a)

Description of the Financial instrument, type of instrument


​Ordinary shares of 1 pence each


​Identification code


​GB00BN47NP32


​b)

​Nature of the Transaction


​Issue of ordinary shares in lieu of fees


c)

​Price(s) and volume(s)


Price(s)- 8.75 pence

Volume(s)

1. 2,000,000

2. 1,500,000

​d)

​Aggregated information

Aggregated volume Price

N/A (Single transactions)

e)

​Date of the transaction

​3 August 2023

f)

Place of the transaction


Off market



​1.

Details of the person discharging managerial responsibilities / person closely associated


a)

Name

​1. Paul Ryan

2. Noel Lyons

3. Jason Brewer

2.

Reason for the Notification


a)

​​Position/status


​1. Executive director

2. Executive director

3. Executive director

b)

​Initial notification/amendment


​Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor


a)

Name

Edenville Energy Plc


b)

LEI

213800DBIRLNVAHNDU21


4.

Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted


a)

Description of the Financial instrument, type of instrument


​Issue of warrants to subscribe for ordinary shares


​Identification code


​GB00BN47NP32


b)

​Nature of the Transaction


​Acquisition of ordinary shares


c)

Price(s) and volume(s)


​Price(s)- 9.125 pence (exercise price)

Volume(s)

1. 1,200,000

2. 1,200,000

3. 1,200,000

d)

​Aggregated information

Aggregated volume Price

N/A (Single transactions)


e)

​Date of the transaction


3 August 2023


f)

Place of the transaction


Off market





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