European Green Transition plc (AIM: EGT), a company focused on acquiring, integrating and optimising revenue-generating and profitable services businesses in the critical infrastructure sector, announces that, further to its circular published on 13 March 2026 (“Circular”), at the General Meeting of the Company held today, all resolutions set out in the Circular were duly passed. The voting results of the Meetings will be published on the Company’s website shortly. Accordingly, the Placing and Subscription are expected to be completed, conditional on Admission, at 8.00 a.m. on 31 March 2026.
The voting results of the Meetings will be published on the Company’s website shortly.
- Application has been made to the London Stock Exchange for a total of 125,000,000 new Ordinary Shares
- It is expected that Admission and dealings in the New Ordinary Shares will commence at 8.00 a.m. on 31 March 2026
- Total number of voting rights in the Company will be 269,620,892 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company
PDMR Dealings
As set out in the Circular, Raglan Road Capital Limited, which is controlled by Cathal Friel, Executive Chair of the Company, has subscribed for 3,333,333 new Ordinary Shares at the Issue Price in the Fundraising. Upon Admission Raglan Road Capital Limited and Cathal Friel will hold an interest in 8.64% and 2.86% of the Company’s Ordinary shares, respectively (being 11.5% in aggregate). In addition, pursuant to the agreement relating to the Bridge Facility provided by Raglan Road Capital Limited to the Company in order to complete the acquisition of the O&M Business in an accelerated timeline, Raglan Road Capital Limited has also been issued warrants to subscribe for 4,583,333 new Ordinary shares at the Issue Price of 6 pence per Ordinary Shares.
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for a total of 125,000,000 new Ordinary Shares (“New Ordinary Shares”) to be admitted to trading on AIM (“Admission”). It is expected that Admission and dealings in the New Ordinary Shares will commence at 8.00 a.m. on 31 March 2026. The New Ordinary Shares will rank pari passu with the existing Ordinary Shares. Upon Admission, the enlarged share capital of the Company will consist of 269,620,892 Ordinary Shares, none of which are held in treasury. Therefore, the total number of voting rights in the Company will be 269,620,892 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.
The person responsible for arranging this announcement on behalf of the Company is Jack Kelly, CFO of the Company.
Enquiries
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European Green Transition plc Cathal Friel, Executive Chair Jack Kelly, CFO
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+44 (0) 208 058 6129 |
Notes to Editors
European Green Transition plc (AIM: EGT) is a company focused on acquiring, integrating and optimising revenue-generating and profitable services businesses in the critical infrastructure sector across the UK and Ireland.
In 2026, EGT delivered a significant milestone in this strategy by acquiring an EBITDA profitable operation, maintenance, repairs, and remote monitoring platform business which serves over 900 onshore wind turbines across the UK & Ireland. This platform includes Earthmill, Wind Energy Partnership, Silverford Engineering, and Anemos Analytics.
The Company’s strategy is to deliver sustained organic growth by expanding its service offering, driving operational efficiencies to support margin improvement, and generating strong free cash flow to fund reinvestment and a progressive dividend strategy. EGT is pursuing a disciplined capital allocation policy, including targeting selective bolt-on acquisitions across the critical infrastructure space in the UK, Ireland, and Europe, such as water, energy, roads, and data centres. The Company is also seeking to sell or partner its existing portfolio of non-core mining projects, including the Olserum Rare Earth Element (REE) Project.
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