eEnergy’s Energy Efficiency as a Service ‘EEaaS’ commercial proposition is to use its existing customer base to provide industrial and commercial businesses and the education sector with the ability to further reduce energy consumption, lower their carbon footprint and upgrade their facilities through energy saving improvements, with a maintenance-free solution for the duration of the service contract.
eEnergy facilitates customers to re-purpose their existing utility spend and unlock net cash-flow savings from their legacy infrastructure, without the need for capital investment. It also allows them to upgrade their building infrastructure so that it can comply with environmental legislation and meet HSE & CSR goals.
EEaaS with eEnergy also provides a customer with a credible, easy to understand service agreement that allows them to upgrade their facility with high-quality LED solutions and other energy saving initiatives, and so reduce their carbon footprint without the need for capital expenditure. The eEnergy client agreement is differentiated and is not a loan, or an asset finance agreement but a service contract which complies with the most recent accounting policies.
The names of the Company Directors and brief biographical details of each can be accessed under the section on Management.
eEnergy Group plc is incorporated in England with registered number 5357433. The Company currently has its executive management team in London and the business operates in two countries – The UK and Ireland.
eEnergy Group plc is currently traded on AIM. The Company has not applied or agreed to have its securities listed or traded on any other exchange or trading platform.
Information last updated on 3rd March 2022. The Company has the following Ordinary Shares in issue:
|Ordinary Shares of 0.3p each||345,142,243|
The Company holds no shares in treasury
% of shares not in public hands
Percentage of shares not in public hands: 35.28%
|Significant or Substantial Shareholders||% of Existing Share Capital|
|Canaccord Genuity Inc||11.14%|
|Octopus Investments Nominees Limited||8.99%|
|River & Mercantile||3.79%|
The Admission Document associated with the reverse takeover can be accessed from this link:
The Articles of Association can be accessed from this link:
The Directors recognise the importance of sound corporate governance and, following Admission, and will comply with all of the Principles set out in the QCA Guidelines.
The Remuneration Committee is led by Nigel Burton (as chairman) and comprises Nigel Burton, Gary Worby and David Nicholl. Gary was appointed to the committee in January 2021, when he joined the Board, and replaced Andrew Lawley. The committee is responsible for the review and recommendation of the scale and structure of remuneration for senior management, including any bonus arrangements or the award of share options with due regard to the interests of the Shareholders and the performance of the Company. The committee meets at least once per annum and met four times in the year ended 30 June 2021.
The ARC, is led by Nigel Burton (as chairman) and comprises Nigel Burton and Andrew Lawley. The committee is responsible for making recommendations to the Board on the appointment of auditors and the audit fee and for ensuring that the financial performance of the Company is properly monitored and reported. In addition, the ARC will receive and review reports from management and the auditors relating to the interim report, the annual report and accounts and the internal control systems of the Company. The ARC will also consider, manage and report on the risks associated with the Company as well as ensuring the Company’s compliance with the AIM Rules and the Market Abuse Regulations concerning disclosure of inside information. The committee meets at least twice per annum and met three times in the year ended 30 June 2021.
The Nomination Committeeis led by David Nicholl (as chairman) and comprises David Nicholl and Nigel Burton. This committee is responsible for reviewing the structure, size and composition of the Board based upon the skills, knowledge and experience required to ensure the Board operates effectively as well as being responsible for the annual evaluation of the performance of the Board and of individual directors. The Nomination Committee is expected to meet when necessary to do so. The Nomination Committee also identifies and nominates suitable candidates to join the Board when vacancies arise and makes recommendations to the Board for the re-appointment of any Non-Executive Directors.
Take into account wider stakeholder and social responsibilities and their implications for long-term success
Embed effective risk management, considering both opportunities and threats, throughout the organisation
Ensure that between them the directors have the necessary up-to-date experience, skills and capabilities
Evaluate board performance based on clear and relevant objectives, seeking continuous improvement
Maintain governance structures and processes that are fit for purpose and support goo decision-making by the board
AIM Rule 26 sets out specific information that an AIM company must make available free of charge on its website. This information is contained in various sections within this website. To facilitate the demonstration of compliance this page sets out the specific requirements of AIM Rule 26 and the related disclosure or provides a link to the relevant section of this website if this information has been disclosed elsewhere.
eEnergy Group plc is subject to the UK City Code on Takeovers and Mergers legislation.
The information below has been disclosed pursuant to Rule 26 of the AIM Rules for Companies and was last updated on 17th December 2021.