Verditek PLC Result of Placing (4813D)
October 28 2020 - 5:16AM
UK Regulatory
TIDMVDTK
RNS Number : 4813D
Verditek PLC
28 October 2020
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE
RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY
JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.
Verditek plc
Result of Placing
Verditek plc ("Verditek" or the "Company"), the international
clean technology company that develops, manufactures and sells
certified lightweight solar panels, is pleased to announce that it
has raised gross proceeds of GBP 3,500,000 as a result of the
placing announced earlier today (the "Placing"). Terms and
expressions in this announcement will have the same meaning as in
that announcement.
A total of 43,750,000 Placing Shares in the Company have been
placed by WH Ireland with institutional and other investors at a
price of 8 pence per Placing Share ("Issue Price").
The Issue Price represents a 8.57 per cent. discount to the
closing price of Ordinary Shares on 27 October 2020 (being the last
business day prior to the announcement of the Placing).
Application has been made for 43,750,000 Placing Shares to be
admitted to trading on AIM ("Admission") and Admission is expected
to occur on 4 November 2020. Following Admission of the Placing
Shares, Verditek will have 341,172,443 Ordinary Shares in issue and
admitted to trading on AIM. This figure may be used by shareholders
as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under
the Disclosure Guidance and Transparency Rules of the Financial
Conduct Authority.
Enquiries:
Verditek plc Tel: +44 (0)20 7129
Robert Richards (Chief Executive Officer) 1110
Tim Bowen (Chief Financial Officer) enquiries@verditek.plc.uk
WH Ireland Limited (NOMAD and Broker) Tel: +44 (0)20 7220
1666
Chris Hardie (Corporate Finance)
Matthew Chan
Jasper Berry (Corporate Broking)
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END
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