EA Secures Shareholder Approval for Loan Extension

Energy Absolute Board Confident in Financial Structure Following Key Vote

Pure Energy Public Company Limited (EA) has successfully gained shareholder backing to extend redemption periods for a significant portion of its loan shares, bolstering confidence in the company’s financial management. This move is designed to optimize cash flow and provide financial stability.

Shareholder Confidence Drives Approval

On July 16, 2025, two key shareholder groups, EA269A and EA289A, approved a five-year extension for the redemption of 11 out of 14 loan share models. This approval signifies strong shareholder confidence in EA’s strategic financial planning and its capacity to manage its capital structure effectively.

Structured Repayment Plan Unveiled

The approved financial framework allows EA to manage its cash flow by implementing a phased repayment strategy. The plan includes an initial 10% annual payment over the first four years, followed by a 60% payment in the fifth year. This structure also incorporates a 0.50% interest rate increase.

Shareholders will also benefit from specific call option conditions and provisions for partial repayment should the company issue dividends. This thoughtful approach aims to balance shareholder interests with the company’s long-term financial health.

Ongoing Negotiations for Remaining Shares

A separate matter concerning EA257a loan shares remains under consideration. The company is still evaluating the original proposal for this tranche, which seeks a seven-year redemption extension, differing from the newly approved timeframe for other models.

A further shareholder meeting is scheduled for July 18, 2025. The agenda includes a crucial proposal to waive any potential default conditions related to the adjustment of these loan share structures, addressing clause 11.1 (Y) of existing rights.

EA’s Commitment to Stakeholder Confidence

EA remains dedicated to fostering cooperation among all shareholder groups. The company aims to strike a balance between meeting shareholder expectations and ensuring robust financial stability for the future. Transparent communication and active listening to stakeholders are paramount in building confidence in EA’s operational potential and growth trajectory.

Diversified Energy and Technology Portfolio

The EA Group’s operations span a wide spectrum of the energy sector. This includes the production of fuels from renewable sources such as biodiesel, alongside significant investments in solar and wind power plants. The company is also a leader in energy storage and distribution technologies.

Its ventures extend to industrial batteries, electric vehicle charging infrastructure, and the commercialization of electric vehicles. This includes electric trucks, buses, and passenger boats, positioning EA at the forefront of sustainable transportation solutions.