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Pineapple Power Corporation PLC announced on 21 May 2026 that a special resolution for the sub-division of share capital and amendments to its articles of association was passed at its General Meeting, with 95.1% of votes cast in favour. Effective 6:00 pm on 21 May 2026, each existing ordinary share of £0.01 will be sub-divided into one new ordinary share of £0.001 and one deferred share of £0.009. Dealings in the 83,332,877 New Ordinary Shares are expected to commence on the London Stock Exchange's Main Market at 8:00 am on 22 May 2026.
| Date | 21 May 2026 |
| Time | 16:14:15 |
| Category | AGMs and other meetings |
| ID | 3396F |
21 May 2026
PINEAPPLE POWER CORPORATION PLC
Results of General Meeting and Capital Reorganisation
Pineapple Power Corporation PLC (LSE: PNPL) (the "Company"), a special purpose acquisition company, announces that at its General Meeting held earlier today, the resolution proposed, as referred to in the Company's announcement of 1 May 2026, was duly passed.
Proxy votes received appointing the Chair were as follows:
|
No |
Resolution1,2 |
For |
%- For |
Against |
%-Against |
Total |
Withheld3 |
|
SPECIAL RESOLUTION |
|||||||
|
1 |
Sub-division of share capital and amendments to articles of association
|
11,505,408 |
95.1% |
592,856 |
4.9% |
12,098,264 |
95,178 |
1. The full text of the resolution can be found in the Notice of the General Meeting sent to shareholders on the Company's website at https://www.pineapple-powercorp.com , and in the National Storage Mechanism of the FCA at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
2. As at the record date for eligibility to vote at the Company's General Meeting, the Company had 83,332,877 Ordinary Shares in issue. .
3. Votes 'Withheld' are not a vote in law and have not been counted in the calculation of the votes % 'For' and % votes 'Against' the resolutions.
Accordingly, at the Record Time for the sub-division (being 6.00pm on today's date), the capital reorganisation will become effective and each existing ordinary share of £0.01 (Existing Ordinary Shares) will be sub-divided into one new ordinary share of £0.001 (New Ordinary Shares) and one deferred share of £0.009. Applications have been made for the New Ordinary Shares to be admitted to the Official List of the FCA and to trading on the London Stock Exchange's Main Market (Admission), and dealings in the New Ordinary Shares are expected to commence at 8.00 am on 22 May 2026.
The ticker and ISIN for the New Ordinary Shares will remain the same as for the Existing Ordinary Shares, as set out below:
· Ticker: PNPL
· ISIN: GB00BD0SN947
Following Admission, the total number of New Ordinary Shares in issue will be 83,332,877, all with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's share capital pursuant to the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
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ENQUIRIES
For further information, please contact:
|
Pineapple Power Corporation PLC |
|
|
Claudio Morandi - Chairman Adam Park - Director |
+41 79 406 40 90
+44 7795425303 |
|
Corporate Broker AlbR Capital Guy Miller |
+ 44 (0) 207469 0930 |