Verditek PLC Results of Placing (1394A)
December 21 2017 - 10:54AM
UK Regulatory
TIDMVDTK
RNS Number : 1394A
Verditek PLC
21 December 2017
21 December 2017
Verditek PLC
("Verditek" or the "Company")
Results of Placing
Verditek plc, (AIM: VDTK), the clean technology company, is
pleased to announce the successful completion of the Placing
announced earlier today.
A total of 14,444,444 new ordinary shares (the "Placing Shares")
have been placed. The Placing Shares will be allocated to Placees
at a price of 9 pence per ordinary share, raising gross proceeds of
GBP1.3 million.
Application will be made for admission to trading on AIM
("Admission") of the Placing Shares which is expected to occur on
or around 29 December 2017. The Placing Shares will represent, in
aggregate, approximately 7 per cent. of Verditek's issued ordinary
share capital immediately following Admission.
In addition, and subject to Shareholder consent to issue shares
pursuant thereto on a non-pre-emptive basis, the Company intends to
issue warrants to the Placees on a one warrant for one share basis,
to subscribe for one additional ordinary share at a subscription
price of 18p per new ordinary share at any time over the next three
years.
Verditek's Non-Executive Chairman Dr Geoff Nesbitt, said: "We
are delighted with the level of interest received for the Placing,
which will allow us to continue building momentum by taking
advantage of opportunities within the market.
"We would like to welcome our new investors and thank existing
Shareholders for their on-going support and confidence in our
strategy. We now look forward to deploying the new capital to
support our continued growth."
Total Voting Rights
Following Admission, the total number of voting rights in the
Company will be 202,117,265. No Ordinary Shares are held in
treasury. This figure may be used by Shareholders in the Company as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change in
their interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
General Meeting
The Company intends to send a circular shortly, calling for a
general meeting to be held on or before 14th February 2018 at which
resolutions shall be put to the shareholders authorising the
issuance of Ordinary Shares pursuant to the Share Warrants on a
non-pre-emptive basis.
Ends
Enquiries:
Verditek plc
+44 (0) 20 7129
Geoffrey Nesbitt (Non-Executive Chairman) 1110
Theodore Chapman (Chief Executive Officer) enquiries@verditek.plc.uk
Stockdale Securities Limited (NOMAD
and Broker)
Antonio Bossi +44 (0) 20 7601
Hanan Lee 6100
+44 (0) 7825 916
Yellow Jersey PR (PR & IR) 715
+44 (0) 7544 275
Georgia Colkin 882
Harriet Jackson +44 (0) 7951 402
Henry Wilkinson 336
Notes to Editors
Verditek plc
AIM listed Verditek plc is a holding company with three
businesses operating within the clean technology sector. The
Company has a unique liquid gas absorption technology expected to
revolutionise the global CO(2) capture industry; two solar
manufacturing production lines in San Marino each of 25MWp (total
50MWp) producing what is believed to be an innovative and
un-paralleled solar PV building material; and a pioneering
filtration deodorisation technology, which is commercially proven
and tackles a wide range of odours within air and water at a high
efficiency.
For more information please visit or contact the following:
https://www.verditek.plc.uk/
This information is provided by RNS
The company news service from the London Stock Exchange
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