New Energy One Acquisition Corp. Related Party Transaction (0122L)
31 Agosto 2023 - 8:06PM
UK Regulatory
TIDMNEOA TIDMNEOW
RNS Number : 0122L
New Energy One Acquisition Corp.
31 August 2023
New Energy One Acquisition Corporation plc
("NEOA," or the "Company")
Related Party Transaction
New Energy One Acquisition Plc announces that it has entered
into a loan agreement with Eni International B.V. ("Eni") on 30
August 2023 (the "Loan Agreement") which is intended to provide
working capital for NEOA.
Eni is a shareholder of NEOA and holds 1,750,000 Ordinary Shares
and 1,068,750 Sponsor Shares, representing in aggregate
approximately 45% of NEOA's issued share capital.
Pursuant to the Loan Agreement, Eni has agreed to provide NEOA
with an unsecured loan of GBP3.6 million (the "Loan") for general
corporate purposes. NEOA intends to repay the Loan following
completion of a business combination. The Loan, together with all
interest accrued thereon, is repayable in full on or before the
expiry date of 31 March 2024.
Jadran Trevisan, a director of NEOA, nominated by Eni, did not
take part in the NEOA board's consideration of the Loan or vote on
the board resolution to approve the Loan.
The Loan constitutes a material related party transaction for
the purposes of paragraph 7.3 of the Disclosure Guidance and
Transparency Rules. NEOA's directors (other than Jadran Trevisan)
confirm that the Loan is fair and reasonable from the perspective
of NEOA and its shareholders (other than Eni).
For further information please contact:
NEOA
Sanjay Mehta sanjay.mehta@energyone.je
FGS Global EnergyOne-LON@fgsglobal.com
+44 (0)20 7251 3801
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END
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(END) Dow Jones Newswires
August 31, 2023 11:59 ET (15:59 GMT)
Grafico Azioni New Energy One Acquisition (LSE:NEOA)
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