Crowd for Angels (UK) Limited Bond and Warrant

RNS Number : 6337Q

Verditek PLC

29 October 2021

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (MAR), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

29 October 2021

Verditek PLC

("Verditek" or the "Company")

Crowd for Angels (UK) Limited Bond and Warrant

Verditek plc, (AIM:VDTK), the international green technology company that develops, manufactures and sells lightweight solar panels, has received a notice to exercise warrants to subscribe for 1,032,530 Ordinary Shares at a subscription price of 2.75p per share and a request for a partial redemption of the Company's corporate "green" bond to a value of £28,395 from Crowd for Angels (UK) Limited and this has been approved by the Company's board of directors.

Application has been made for  1,032,530 Placing Shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur on 3 November 2021. Following Admission of the Placing Shares, Verditek will have 342,204,973 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.

For further information:

  Verditek plc   

Rob Richards, CEO    Tel: [phone]

Vicki Johnson, CFO

WH Ireland Limited - NOMAD and Broker

Chris Hardie    Tel: [phone]

Ben Good

About Verditek plc:

AIM listed Verditek plc is a holding company of a business operating within the green technology sector. The Company is focused on commercializing our lightweight low-profile solar panel business. With manufacturing based in Lainate Italy, we have developed renewable power solutions for our customers, that drive solar energy into applications previously unachievable. The exceptional properties of our solar panels replace diesel fuel in business such as perishable goods transport, off-grid telecommunication towers, electric vehicle charging stations, residential and holiday home power solutions and solar roofing for light-weight industrial roofing. In addition to our current PV panels in production, we have partnered with an outstanding leader in graphene technology, Paragraf. We are working together to engineer the technology for commercialization.

Verditek provides compelling commercial solutions that help to make our customer's businesses sustainable.

For more information please visit:  https://verditek.com/

 

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