New Website, Update

Deepverge PLC

14 September 2023

 

14 September 2023

DeepVerge plc

("DeepVerge" or "the Company")

New Website, Update

New website

The Company announces the launch of a new AIM Rule 26 compliant website at www.deepvergeplc.com.

Unfortunately, the former management and consultants who controlled this and certain other domains and IT infrastructure have not handed control to the Company, resulting in the Company and other websites becoming unavailable.

The new website has been produced to enable the Company to comply with AIM Rule 26 until such time as it is able to regain control of the original website.

Update

Further to the notification on 7 August 2023, in which the Company announced the sale of Glanaco to its management and previous owners, the Board continues to explore the best way to realise whatever value is possible through the sale of one or more of the Labskin and Modern Water business units.

Several approaches have been received by the Company regarding the potential sale of either the whole or part of the Modern Water and Labskin business units, with multiple indications of interest for certain parts of the business. Whilst this is encouraging, all these approaches are at an early stage, and there can be no certainty that any of them will result in a transaction, or that sufficient value will be realised to avoid the closure or administration of the relevant Group subsidiaries.

Further updates will be given as appropriate.

DeepVerge plc	Nigel Burton, Interim CEO	[phone]
SPARK Advisory Partners Limited (Nominated Adviser)	Neil Baldwin	[phone]
Turner Pope Investments (TPI) Limited (Broker)	Andy Thacker/James Pope	[phone]

This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English Law by virtue of the European (Withdrawal) Act 2018, as amended. On publication of this announcement via a Regulatory Information Service, this information is considered to be in the public domain.

 

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