Issuance of 2,500,000 New Ordinary Shares

RNS Number : 1163O

Verditek PLC

27 May 2020

 

27^th May 2020

Verditek PLC

("Verditek" or the "Company")

Issuance of 2,500,000 New Ordinary Shares

Verditek plc, (AIM: VDTK) the clean technology company announces that it will issue 2,500,000 new ordinary shares ("Ordinary Shares") at nil consideration as part settlement of professional adviser fees. 

Application has been made to the London Stock Exchange for the Shares to be admitted to trading on AIM ("Admission") and it is expected that such Admission will occur at 8.00 a.m. on 28^th May 2020 . The  Shares will be issued credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after the admission of the Subscription Shares, and will otherwise be identical to and rank on Admission pari passu in all respects with the existing Ordinary Shares.

Following Admission, the Company will have 291,893,534 Ordinary Shares in issue, none of which will be held in treasury. Accordingly, shareholders may use this figure 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 Company under the FCA's Disclosure Guidance and Transparency Rules.  

For further information, please contact:

Verditek plc

RH Lord David Willetts FRS (Non-Executive Chairman)  [phone]

Rob Richards (Chief Executive Officer)        [e-mail]

WH Ireland Limited (NOMAD and Broker)

Chris Hardie (D irector, Corporate Finance)  [phone] 

               [e-mail]

About Verditek plc

AIM listed Verditek plc is a holding company with three businesses operating within the clean 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 impossible. 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, and have created the worlds' first Graphene Integrated Photo Voltaic cell. We are working together to engineer the technology for commercialization.

Verditek provides compelling commercial solutions that make our customers business sustainable.

For more information please visit or contact the following:  https://verditek.com/

 

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