FAQs
When will I receive my Molecular Energies PLC share certificate?
Despatch of definitive certificates for New Ordinary Shares will be on or before 14 October 2022
I have changed address, who should I notify?
You should contact the registrar, Equiniti Limited, on 0371 384 2030 (Intl +44 371 384 2030) Lines are open Monday to Friday 8:30 to 17:30; excluding UK Bank Holidays and have your shareholder reference/certificate numbers to hand.
Why were Deferred Shares created in the recent Consolidation and Sub-division?
The result of the recent Consolidation means that for every 200 Ordinary Shares of 1 pence nominal value in the Company, shareholders were issued 1 New Ordinary Share of 200 pence nominal value. Section 580 of the Companies Act 2006 prevents companies issuing shares at an amount less than the nominal value of the share. The result of this is that Molecular Energies would not be able to issue new shares (for example to incentivise employees or as part of acquiring business assets to enhance the company portfolio) at a price less than 200p nominal value regardless of the current market price as listed on AIM. As an AIM listed entity this is impractical therefore a sub-division is required, in this instance the voting rights and economic benefit of the Ordinary Shares was transferred into the New Ordinary Shares of 1 pence and a Deferred Share of 199 pence was created.
What rights and values are attached to the Deferred Shares?
No rights attach themselves to the Deferred Shares, these shares can be cancelled by the Company at any time subject to compliance with the Articles of Association. All voting rights and economic benefits are retained in the New Ordinary Shares of 1 pence.