LONDON - Technologies New Energy PLC (TNE) has announced the approval and publication of its prospectus by the Financial Conduct Authority (FCA), a significant step towards its listing on the London Stock Exchange (LON:LSEG). The company is set to commence unconditional dealings in its ordinary shares on the Main Market at 8.00 a.m. on April 30, 2025.
The prospectus, now available for public inspection, details the company’s proposed acquisition of Technologies New Energies S.A. (TNE) and the anticipated market capitalization of £31.77 million at the time of admission, based on a subscription price of £0.20 per share. The company’s enlarged issued share capital will consist of 158,839,050 ordinary shares, with 11.6% being held in public hands.
TNE specializes in providing innovative solutions and projects aimed at accelerating the energy transition, achieving decarbonization goals, and enabling digital transformation on a global scale. Its operations are divided into three units: consulting services for renewable energy project design and regulation, contracting for construction and installation of such projects, and portfolio management of proprietary projects utilizing TNE’s hybrid biorefinery technology.
José Meneses, the founder of TNE, expressed that the move to list on the Main Market is a strategic decision to foster the company’s growth and increase its international visibility.
The company’s legal entity identifier (LEI) is 213800VBVRGDTYL9Y928, and its ordinary shares have been assigned the ISIN GB00BNVRHQ51, SEDOL code BNVRHQ5, and ticker symbol "TNE" for the London Stock Exchange.
This announcement is based on a press release statement and serves to inform potential investors about the company’s forthcoming listing and the availability of the prospectus. It does not constitute an offer to sell or a solicitation of an offer to buy any securities.
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