TPC Consolidated Limited (ASX: $TPC) Announcement

TPC Consolidated Limited (ASX: $TPC) has announced an extension to the Sunset Date and an amendment to the Scheme Implementation Agreement with Wollar Solar Holding Pty Ltd (WSH). The Sunset Date has been extended from 31 July 2024 to 15 October 2024 due to WSH awaiting a decision from FIRB. The parties have also agreed to other changes to the SIA. Shareholders do not need to take any action at this stage. The full details of the changes are available in the Scheme Implementation Agreement - Amendment and Restatement Agreement.

Executive Commentary on Agreement Extension

The extension of the Sunset Date and the amendment to the Scheme Implementation Agreement with Wollar Solar Holding Pty Ltd are strategic decisions aimed at accommodating the regulatory process and ensuring a comprehensive agreement that aligns with the interests of all parties involved. The extension provides the necessary time for WSH to await a decision from FIRB, and the agreed changes to the SIA reflect the commitment of both TPC Consolidated Limited and Wollar Solar Holding Pty Ltd to navigate the process effectively. The details of the changes are available in the Scheme Implementation Agreement - Amendment and Restatement Agreement.

Summary of Agreement Extension and Outlook

TPC Consolidated Limited (ASX: $TPC) has extended the Sunset Date and amended the Scheme Implementation Agreement with Wollar Solar Holding Pty Ltd, demonstrating a commitment to the ongoing process and collaboration with WSH. The extension to 15 October 2024 provides the necessary time for WSH to await a decision from FIRB, ensuring regulatory compliance and comprehensive agreement terms. Shareholders are not required to take any immediate action, and the full details of the changes are available in the Scheme Implementation Agreement - Amendment and Restatement Agreement. TPC Consolidated Limited remains focused on expanding CovaU's market presence in the energy segment of the Australian utilities sector, with plans to align energy products with consumer preferences for decarbonization. The company's strategic initiatives and commitment to effective agreements position it for continued growth and resilience in the evolving energy landscape.