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Ncondezi Energy Ltd - Result of AGM

RNS Number : 1889V
Ncondezi Energy Limited
29 November 2019


News Release 



Results of AGM


29 November 2019: Ncondezi Energy Limited ("Ncondezi" or the "Company") (AIM: NCCL) announces that, at the Annual General Meeting ("AGM") of the Company held today, all resolutions were duly passed on a poll.




For further information please visit www.ncondezienergy.com or contact:


Ncondezi Energy:

Hanno Pengilly

+27 (0) 71 362 3566



Liberum Capital Limited:
NOMAD & Joint Broker


Andrew Godber, Edward Thomas, Kane Collings

+44 (0) 20 3100 2000

Novum Securities Limited

Joint Broker

Colin Rowbury

+44 (0) 20 7399 9427


Pimlico Advisory Ltd

Investor Relations

Elizabeth Johnson

+44 (0) 777 56 55 927



Ncondezi is an emerging African power development company which owns 100% of the 300MW Ncondezi Coal Power Project which is one of the most advanced power development projects in Mozambique. The project is strategically located in the Tete Province in northern Mozambique, a power generating hub that distributes power across the region. The Company is targeting delivery of first power onto the Mozambican grid by 2023 through a 25 year offtake agreement to meet existing demand.


Ncondezi has also entered the captive solar and battery storage sector through a proposed Joint Venture with GridX Africa Development, to develop, build and operate power solutions for the African Commercial and Industrial sector.


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Quick facts: Ncondezi Energy Ltd

Price: 4.55

Market: AIM
Market Cap: £15.91 m

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