First Day of Dealings and LSE Green Economy Mark

RNS Number : 0278T

Eneraqua Technologies PLC

22 November 2021

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND DEPENDENCIES, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) (COLLECTIVELY, THE "UNITED STATES"), CANADA, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW

22 November 2021

ENERAQUA TECHNOLOGIES PLC

("Eneraqua Technologies", the "Company" or the "Group")

Admission to AIM, First Day of Dealings

and

London Stock Exchange's Green Economy Mark

Eneraqua Technologies plc, a specialist provider of energy and water efficiency solutions, is pleased to announce the admission of its entire issued ordinary share capital to trading on the AIM market of the London Stock Exchange. Admission will take place and dealings will commence at 8.00 a.m. today under the ticker ETP and ISIN GB00BNYDGM91. The Company's Admission Document is available to view on the Company's website at www.eneraquatechnologies.com .  

The placing of new and existing ordinary shares has successfully raised a total of £20.0 million (before expenses), comprising £12.0 million for the Company and £8.0 million for existing shareholders, at a placing price of 277 pence per share.

London Stock Exchange's Green Economy Mark

Eneraqua Technologies has received London Stock Exchange's Green Economy Mark. This classification, first introduced in 2019, was created to highlight companies and investment funds listed on all segments of London Stock Exchange's Main Market and AIM that are driving the global green economy. To qualify for the Green Economy Mark, companies and funds must generate 50% or more of their total annual revenues from products and services that contribute to the global green economy.

The underlying methodology incorporates the Green Revenues data model developed by FTSE Russell. It provides a detailed taxonomy of environmental goods, products and services, and is designed to recognise both 'pure-play' green technology companies, as well as those across all industries that make significant contributions to the transition to a sustainable, low carbon economy.

Mitesh Dhanak, CEO, commented : "Our admission to AIM is an exciting milestone for Eneraqua Technologies. The successful completion of our IPO represents the beginning of a new chapter as we look to accelerate our expansion into new markets and geographies.

The London Stock Exchange's Green Economy Mark, received today, recognises our Company's ongoing contribution to the global green economy.

I am delighted to welcome our new shareholders and would like to thank them for their support. We look forward to working with them in the years ahead as we build on our strong foundations and push forward with our growth plans."

For more information, please contact:

Eneraqua Technologies plc	Via Alma PR
Mitesh Dhanak, CEO	www.eneraquatechnologies.com
Iain Richardson, CFO
finnCap Ltd	[phone]
NOMAD and Broker
Ed Frisby / Charlie Beeson - Corporate Finance
Andrew Burdis / Sunila de Silva - ECM
Alma PR	[phone]
Financial PR and IR	[e-mail]
Justine James / Hilary Buchanan / Sam Modlin

The Company's ISIN is GB00BNYDGM91 and its SEDOL is BNYDGM91. To find out more, please visit:   www.eneraquatechnologies.com  

Notes to editors

Eneraqua Technologies (AIM:ETP) is a specialist in energy and water efficiency. The Group has two divisions: energy and water. Energy is the larger division, with the Company focused on clients with end of life gas, oil or electric heating and hot water systems. The Group provides turnkey retrofit district or communal heating systems based either on high-efficiency gas or ground/air source heat pump solutions that support Net Zero and decarbonisation goals.

The water division is a growing service offering focused on water efficiency upgrades for utilities and commercial clients including hotels and care homes.   

The activities in both divisions are underpinned by the Company's wholly-owned intellectual property, the Control Flow HL2024 family of products which reduce water wastage and improve the performance of heating and hot water systems.

The Company's main country of operation is the United Kingdom. The Company's head office is based in London with additional offices in Washington (Sunderland), Leeds, India, Spain and the Netherlands. The Company has 94 full time employees, with the majority employed within the UK. Eneraqua Technologies has received the London Stock Exchange's Green Economy Mark.

Important Notices

finnCap Ltd ("finnCap") which is authorised and regulated by the Financial Conduct Authority in the United Kingdom, is acting exclusively for the Company and no-one else in connection with Admission. finnCap will not regard any other person as its client in relation to Admission and will not be responsible to anyone other than the Company for providing the regulatory protections afforded to its clients, nor for providing advice in relation to the contents of this announcement or any transaction, arrangement or other matter referred to herein.

For the avoidance of doubt, the contents of the Group's websites are not incorporated by reference into, and do not form part of, this announcement.

 

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