Edenville Energy PLC Proposed Change of Name (4225B)
June 02 2023 - 2:00AM
UK Regulatory
TIDMEDL
RNS Number : 4225B
Edenville Energy PLC
02 June 2023
2 June 2023
Edenville Energy Plc
("Edenville" or the "Company")
Proposed Change of Name
Edenville Energy Plc (AIM: EDL), an African focused mine
operator and developer, is pleased to announce that the Company
proposes to change its name to Shuka Resources Plc ("Shuka" or
"Shuka Resources").
The directors believe that the change of name better reflects
the Company's key focus in Africa, values of environmental
sustainability, community engagement and responsible mining
practices.
The Company's name change is also in line with its strategic
objectives and enhanced focus on investing in and developing mining
assets in Africa, aligning perfectly with its long-term
strategy.
The name change is subject to the approval of shareholders at
the General Meeting of the Company to be convened shortly, at which
approval will also be sought for the allotment of the Conditional
Subscription Shares and Director Fee Shares announced on 1 June
2023.
Further details regarding the Company's change of name,
including the proposed new ticker code, and updated website
address, containing the information required to be published
pursuant to Rule 26 of the AIM Rules for Companies, will be
announced in due course and will be available to view on the
Company's website at https://edenville-energy.com .
Commenting Noel Lyons Edenville Energy PLC CEO, said:
"The proposed rebranding as Shuka Resources Plc signifies our
commitment to the Company's existing strategy, emphasizing the
investment and development of mining assets in Africa. This
transition marks an exciting period of growth and progress for us
in the months to come.
"Furthermore, the new name also reflects our dedication to
cultural respect and inclusivity, as well as our strong commitment
to the local communities we operate in. We strive to foster
mutually beneficial relationships and make a positive impact on the
communities we serve.
"As we plan to embark on this new journey as Shuka Resources, we
are filled with enthusiasm and anticipation for what lies ahead.
Together, we will seize the opportunities that arise, drive
innovation, and create sustainable value for our stakeholders. We
strive to achieve new heights of success."
Capitalised terms used in this announcement shall, unless
defined in this announcement or unless the context provides
otherwise, bear the same meaning ascribed to such terms in the
announcement made by the Company on 1 June 2023.
For Enquiries Contact:
Edenville Energy Plc
Noel Lyons - CEO
Via IFC Advisory +44 (0) 20 3934 6630
Financial and Nominated Adviser
Strand Hanson Limited
James Harris | Rory Murphy +44 (0) 20 7409 3494
-----------------------
Broker
Tavira Securities Limited
Oliver Stansfield | Jonathan
Evans +44 (0) 20 7100 5100
-----------------------
Financial PR and IR
IFC Advisory Limited
Tim Metcalfe | Florence Chandler +44 (0) 20 3934 6630
-----------------------
Caution ;
This announcement has been prepared for information purposes
only.
Certain statements in this announcement are, or may be deemed to
be, forward-looking statements. Forward looking statements are
identi ed by their use of terms and phrases such as "believe",
"could", "should" "envisage", "estimate", "intend", "may", "plan",
"potentially", "expect", "will" or the negative of those,
variations or comparable expressions, including references to
assumptions. These forward-looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital, and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward-looking statements re ect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.
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