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LONDON – Atrato Onsite Energi plc, a listed company, announced on Friday that its shareholders have approved a special resolution for the company to enter into members’ voluntary liquidation. The decision was made at the General Assembly held earlier today.
The poll results showed an overwhelming majority in favor, with 99.93% voting for liquidation, representing 47.67% of the issued share capital. Only 0.07 percent voted against the proposal. Derek Neil Hislop and Richard Peter Barker of Ernst & Young LLP have been appointed as joint liquidators.
In accordance with the liquidation process, trading in the Company’s Ordinary Shares on the day London Stock Exchange (LON:) was suspended this morning, and steps have been taken to cancel the listing and trading of shares from 8:00 a.m. on December 16, 2024.
The company anticipates that the liquidators will be able to make an initial distribution of net assets in late January or early February 2025, with an estimated value of not less than 77.0 pence per ordinary share.
The decision on liquidation followed the publication of the shareholders’ circular on November 27, 2024, which explained the proposal in detail and scheduled the Assembly. The company has made all relevant documentation available on its website and will submit the full text of the resolution to the Financial Conduct Authority’s National Repository Mechanism for public inspection.
The move comes as part of the process outlined in the Liquidation Circular and marks a significant step in the company’s liquidation process. Information regarding liquidation and distribution plans is based on a press release from Atrato Onsite Energi plc.
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