Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Verditek Plc LSE:VDTK London Ordinary Share GB00BF2C0424 ORD GBP0.0004
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -7.69% 6.00 6.00 6.15 6.375 5.875 6.375 11,964,288 16:35:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 0.0 -1.9 -1.0 - 20

Verditek PLC Result of Placing

28/10/2020 10:16am

UK Regulatory (RNS & others)


Verditek (LSE:VDTK)
Historical Stock Chart


From Oct 2020 to Jan 2021

Click Here for more Verditek Charts.

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THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY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) 
 

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ROIMPBMTMTBTBJM

(END) Dow Jones Newswires

October 28, 2020 06:16 ET (10:16 GMT)

1 Year Verditek Chart

1 Year Verditek Chart

1 Month Verditek Chart

1 Month Verditek Chart
ADVFN Advertorial
Your Recent History
LSE
VDTK
Verditek
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210124 10:41:23