Dial Square Investments complete the reverse takeover of EnergyPathways, placing, change of name and admission to AIM
December 2023
Dial Square Investments was incorporated in February 2021. Its shares were admitted to trading as a Standard Listing on the Main Market on 30 November 2022 for the purpose of undertaking one or more acquisitions. In March 2023 the Company announced that it had entered into heads of terms to acquire 100 percent of the issued and to be issued share capital of EnergyPathways Limited by means of a reverse takeover.
EnergyPathways is an integrated energy transition company, initially targeting development of UK gas assets, with the aim of bringing these into production, in the near-term, to provide low emission energy solutions to assist with the UK’s transition to net zero while also providing critical energy security to the UK.
The Company holds, via its wholly-owned subsidiary, a 100 per cent. interest in block 110/4a in Seaward Licence P2490 that contains the Marram gas field, located 30km west of mainland UK, close to existing infrastructure in the UK waters of the UK Irish Sea Basin.
Reverse takeover, placing, change of name and admission to AIM
The admission became effective and dealings in the Enlarged Issued Share capital commenced on AIM on 20th December, by way of a placing of 50,000,000 Ordinary Shares at 4 pence per Ordinary Share which raised £2 million, and the Company was renamed EnergyPathways plc.
The Perivan shareholder communications team was delighted to work with Cairn Financial Advisers who acted as Nominated Adviser on the production of the 271-page Admission Document which was successfully completed and published on 15th December 2023.
Perivan is the market leader for IPO admission document production and specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds
