Verditek PLC Issue of Equity (5369Y)
10 September 2020 - 4:00PM
UK Regulatory
TIDMVDTK
RNS Number : 5369Y
Verditek PLC
10 September 2020
Verditek plc
Issue of Equity on Conversion of Convertible Loan Note and
Settlement of Adviser Fees
Verditek plc ("Verditek" or "Company"), the international clean
technology company that develops, manufactures and sells certified
lightweight solar panels, announces that it has received a notice
of conversion ofGBP100,000 of convertible loan notes ("CLN's") at
10 pence per share. This, together with accrued interest, means
1,184,544 new ordinary shares are due to be issued. There remains a
balance of issued CLN's of GBP70,000. In addition, the company has
allotted 590,909 new ordinary shares in settlement of PR adviser
fees.
Application has been made to the London Stock Exchange for the
new ordinary shares to be admitted to trading on AIM ("Admission")
and it is expected that such Admission will occur at 8.00 a.m. on
15 September 2020. The new ordinary 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 new
ordinary shares, and will otherwise be identical to and rank pari
passu in all respects with the existing ordinary shares.
Following Admission of the 1,775,453 new ordinary shares,
Verditek will have 297,422,443 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.
Enquiries:
Verditek plc Tel: +44 (0)20 7129
RH Lord David Willetts FRS 1110
(Non-Executive Chairman) enquiries@verditek.plc.uk
Rob Richards (Chief Executive
Officer)
WH Ireland Limited (NOMAD Tel: +44 (0)20 7220
and Broker) 1666
Chris Hardie (Corporate Finance)
Matthew Chan
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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END
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