| Shareholder | Shares | Percentage |
| Africa Finance Corporation | 54,988,520 | 16.92% |
| Scott Fletcher | 52,717,038 | 16.22% |
| Polenergia International Societe A Responsabilite Limitee* | 29,111,719 | 8.96% |
| Michael Haworth** | 16,759,462 | 5.16% |
* Jacek Glowacki NEL's former non-executive director (resigned on 25th November 2019) holds 291,375 shares in his own name and is executive director of one of Polenergia's group subsidiaries
** Michael Haworth NEL's non-executive chairman holds 3,649,329 shares in his own name and 13,110,133 through a trust