On Admission, the Company (EGT) will have a market capitalisation of approximately £14.5 million and have 144,620,892 Ordinary Shares in issue.
"Today's listing and fundraise is a crucial milestone for EGT. The funds raised will contribute to our existing green economy projects which are intended to support the energy transition across Europe, notably the Olserum Rare Earth project in Sweden. Additionally, the fundraise will strengthen the Company's position to acquire what we believe are distressed and undervalued green economy assets in Europe.
"I would like to thank our new and existing shareholders for their support and commitment to investing in the future of EGT. We are confident the Company can capitalise on the significant opportunities created by the green energy transition in Europe to develop a profitable and sustainable business and I look forward to updating the market on future progress."
Aiden Lavelle, CEO
"The listing of European Green Transition on the London Stock Exchange is an excellent milestone and following strong support from both institutional and family office investors we successfully raised a total of £6.46 million.
"The EGT team and Board have a strong track record of scaling M&A focused companies on AIM, notably Cove Energy plc, Amryt Pharma plc and hVIVO plc, and we are confident we can replicate this tried and tested approach. I am particularly excited by the significant opportunity that EGT aims to capitalise on in Europe as we move from the dependence on fossil fuels towards a green, renewables-focused economy, and I have personally invested a further £300,000 in the IPO alongside the incoming investors on top of my significant investment in EGT to date."
Cathal Friel, Co-Founder & Non-Executive Director
European Green Transition (EGT)