Enwell Energy PLC Smart Holding Restructuring (0337N)
17 Enero 2023 - 11:16AM
UK Regulatory
TIDMENW
RNS Number : 0337N
Enwell Energy PLC
17 January 2023
17 January 2023
Enwell Energy plc
("Enwell" or the "Company")
Smart Holding Restructuring
Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas
exploration and production group, notes yesterday's press release
by the PJSC Smart Holding Group ("Smart Holding") via its corporate
website disclosing a change in its ownership structure. The release
states, inter alia, the following:
"Smart Holding, a major Ukraine-based industrial group and an
international investor, today announces the completion of the
latest round of its on-going restructuring.
As part of the restructuring, the Founder of Smart Holding,
Vadym Novynskyi has decided to dispose of his shares in the
company, placing his ownership stake into a trust. Corresponding
Smart Trust and Step Trust agreements were concluded in November
2022 and registered by the Cyprus Securities and Exchange
Commission. The trustees are highly qualified fiduciary
administrators appointed in accordance with the licensing terms of
Cypriot legislation. Accordingly, the trustees currently fully own,
control and manage the Group's assets.
Pursuant to the above, as at the current date, Mr Novynskyi
holds no beneficial interest in the Group, nor exercises any
control over the Group's activities or processes. Mr Novynskyi, who
has not taken part in the running or the management of Smart
Holding since 2013, has decided to focus all of his energies to
pursue his private interests.
Smart Holding continues to operate as normal, run by a
professional management team that has steered the business through
the economic and civil crisis caused by the war with Russia. The
trustees are continuing the process of the reorganization of the
Smart group of companies. "
Accordingly, Enwell has requested that Smart Holding consider
the application of Rule 5 of the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules ("DTR 5") as to whether
the above change of its ownership structure requires notification,
and/or the provision of a Form TR-1 to the Company in accordance
with DTR 5, and that the trustees of the Smart Trust and/or Step
Trust also consider any such notification obligations.
Further disclosures will be made as appropriate.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014, which forms part of United
Kingdom domestic law by virtue of the European Union (Withdrawal)
Act 2018, as amended.
For further information, please contact :
Enwell Energy plc Tel: 020 3427
3550
Chris Hopkinson, Chairman
Sergii Glazunov, Chief Executive Officer
Bruce Burrows, Finance Director
Strand Hanson Limited Tel: 020 7409
3494
Rory Murphy / Matthew Chandler
Arden Partners plc Tel: 020 7614
5900
Alexandra Campbell-Harris (Corporate
Finance)
Simon Johnson (Corporate Broking)
Citigate Dewe Rogerson Tel: 020 7638
9571
Ellen Wilton
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
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.
END
MSCFLFLDLFIDLIV
(END) Dow Jones Newswires
January 17, 2023 12:16 ET (17:16 GMT)
Enwell Energy (AQSE:ENW.GB)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Enwell Energy (AQSE:ENW.GB)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024
