19 August 2024
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (Market Abuse Regulation)
Corre Energy B.V.
("Corre Energy" and the "Company")
Pledges on, and transfer of, shares in the capital of the Company
The Company has been informed by its shareholder Corre Energy Group Holdings C.V. of filings it has recently made at the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, the "AFM") pursuant to article 19 of Regulation (EU) No 596/2014 on market abuse ("MAR"). Details of these transactions will be accessible here at the AFM Register manager's transactions MAR 19.
The details of such filings relate to a series of pledges of shares, which have been granted by Corre Energy Group Holdings C.V. on shares it holds in the capital of the Company as security for three security backed loans taken out by Corre Energy Group Holdings C.V., resulting in the three lenders having certain controls over such shares (including in certain circumstances to dispose of some or all of the pledged shares) during the term of the respective loan agreements.
According to the filings, pledges have been granted on 11,958,639 shares in the capital of the Company in aggregate, representing 15.4% of the Company's total issued share capital, or, 23.6% of Corre Energy Group Holding C.V.'s total shareholding in the Company prior to the transfer of shares referred to below.
Separately, on 15 August 2024, the Company was notified by Corre Energy Group Holdings C.V. that it has agreed to the transfer of 15,000,000 shares in the capital of the Company (19.3% of the Company's total issued share capital) to Stream Street Limited for full and final settlement of a loan entered into by Corre Energy Group Holdings C.V.
Following this transfer, Corre Energy Group Holdings C.V. will hold 35,647,174 shares (including 11,958,639 subject to the pledges set out above), representing 45.9% of the Company's total issued share capital.
For further information, please contact:
Corre Energy B.V.
ir@corre.energy or +31 (0) 50 799 5060
Davy (Euronext Growth Listing Sponsor)
Anthony Farrell Davy Corporate Finance
anthony.farrell@davy.ie or +353 (0)1 6149993
ABOUT CORRE ENERGY: Corre Energy designs, develops, constructs, and operates utility-scale Long Duration Energy Storage (LDES) projects in Europe and North America. Through our project development activities, Corre Energy is working to accelerate the energy transition to net zero, while enhancing the security and flexibility of large-scale energy systems.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.