TIDMETP
RNS Number : 0278T
Eneraqua Technologies PLC
22 November 2021
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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 GBP20.0 million (before expenses), comprising
GBP12.0 million for the Company and GBP8.0 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 +44(0)20 7220 0500
NOMAD and Broker
Ed Frisby / Charlie Beeson - Corporate
Finance
Andrew Burdis / Sunila de Silva - ECM
Alma PR +44(0)20 3405 0205
Financial PR and IR eneraqua@almapr.co.uk
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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