ENGS News & Events

Energys Group announced the receipt of a letter dated March 11, from the Listing Qualifications Department of The Nasdaq Stock Market. The Determination Letter indicated that the closing bid price for the Company's Ordinary Shares was below the required Bid Price of $1.00 per share for the past 30 consecutive business days and, as a result, the Company did not comply with Listing Rule 5550(a)(2). In accordance with Listing Rule 5810(c)(3)(C), the Company is provided 180 calendar days, or until September 7, 2026, to regain compliance with the Rule. The Determination Letter states: "If at any time during this 180 day period the closing bid price of the Company's security is at least $1 for a minimum of ten consecutive business days, [the staff] will provide [the Company] written confirmation of compliance and this matter will be closed." In the event the Company does not regain compliance with the Rule prior to the expiration of the compliance period, the Company may be eligible for additional time if it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and if it provides written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. However, if it appears to Nasdaq Staff that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, it will receive written notification from Nasdaq that its securities are subject to delisting. In the event that occurs, the Company may appeal the delisting determination to a hearings panel.

Energys Group files to sell 15.67M ordinary shares for holders

Energys Group announced the receipt of a letter dated December 30, 2025 from the Listing Qualifications Department of The Nasdaq Stock Market. The Determination Letter indicated that the minimum market value of the company's listed security was below the required MVLS of $35M for the past 30 consecutive business days and, as a result, the company did not comply with Listing Rule 5550(b)(2). Nasdaq calculates the company's MVLS based upon the most recent total shares outstanding multiplied by the closing bid price. In accordance with Listing Rule 5810(c)(3)(C), the company is provided 180 calendar days, or until June 29, 2026, to regain compliance with the Rule.

Energys Group announced the award of the second tranche of LED lighting projects from Ark Multi-Academy Trust, an education charity based in London, U.K. The LED lighting projects involve upgrading existing infrastructure with the latest generation of LED lighting systems and intelligent controls. Upon completion, the projects are expected to deliver annual savings of approximately GBP1.4M and reduce carbon emissions by over 900 tons annually. To date, the company has completed Phase I of the projects, valued at GBP1.2M. Riding on the successful completion and its proven track record, the company has secured an additional GBP1.1M in contracts which will commence immediately, along with GBP1.2M for works scheduled for August 2025. A further GBP2.0M later in 2025 is anticipated to finalise the program, bringing the total value of works to GBP5.5M.