9 February 2024
Verditek
plc
("Verditek" or the
"Company")
Notice of General
Meeting
Further to the Company's notification of 7
February 2024 (RNS 3106C, the "Proposed Disposal" ), the Board is now
seeking Shareholder authority in order to: (1) proceed with the
Disposal (as defined in the Proposed Disposal notification of 7
February 2024); (2) allot up to 400 million new shares in the
capital of the Company at 0.075p per Share to raise £300,000; and
(3) allot such capital on a non-pre-emptive basis. This will give
the Company the flexibility to issue new shares in the event that
the Disposal is approved and discussions with the group of
individuals who it is proposed would come in as a new management
team are successful.
There is no guarantee that such a proposal will
proceed, as it remains at an exploratory stage and the Company will
update the market with further information as soon as it is
available.
An explanatory Circular is being issued to
Shareholders today.
Consequently, the Company is convening a
General Meeting on 28 February 2024 at 11 am GMT at the offices of
Peachey & Co LLP, 7th Floor, 95 Aldwych London, WC2B
4JF.
Copies of the following documents, which
contain details of the resolutions to be voted on at the General
Meeting, are today being posted to the Company's
shareholders:
1. Circular to Shareholders
dated 9 February 2024;
2. Notice of the General
Meeting of the Company; and
3. Form of proxy for use at
the General Meeting.
For
further information, please contact:
Verditek plc
Rob Richards (Chief Executive
Officer) +44
(0) 20 7129 1110
Vicki Johnson (Interim Chief
Financial Officer)
WH
Ireland Limited (NOMAD and Broker)
Hugh Morgan
+44
(0) 20 7220 1666
Chris Hardie
Andrew de Andrade
This announcement contains inside information for the purposes
of Article 7 of the UK version of Regulation (EU) No 596/2014 which
is part of UK law by virtue of the European
Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the
publication of this announcement via a Regulatory Information
Service, this inside information is now considered to be in the
public domain.
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 commercialising our lightweight
low-profile solar panel business. With manufacturing based in
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.
For more information please visit or
contact the following: https://verditek.com/