The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVDTK.L Regulatory News (VDTK)

  • There is currently no data for VDTK

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Completion, Update and Appointment of Advisers

1 Mar 2024 07:00

RNS Number : 0617F
Verditek PLC
01 March 2024
 

1 March 2024

Verditek plc (to be re-named EARNZ plc) ("Verditek" or "the Company")

Completion,

Directorate changes,

Update on Placing and

Appointment of Nominated Adviser and Joint Broker

 

Further to its announcement on 28 February 2024, Verditek plc (AIM: VDTK) announces completion of the disposal of its solar business, Verditek Solar Italy srl, the resignation with immediate effect of The Rt Hon. Lord David Willetts, Robert Richards and George Katzaros and the appointment of Bob Holt and John Charlton as directors of the Company. Further details pursuant to AIM Rule 17 and Schedule Two (g) of the AIM Rules for Companies are set out below.

 

The Company is now regarded as an AIM Rule 15 cash shell, having ceased to own, control, or conduct all or substantially all, of its existing trading business, activities, or assets. The Company will therefore, within 6 months, need to make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14, failing which trading in the Company's shares on AIM will be suspended. Should the Company's shares remain suspended from trading for 6 months, admission of the Company's shares to trading on AIM will be cancelled under AIM Rule 41.

 

Update on Placing

Further to its announcement on 28 February 2024, the Company announces that, while the proceeds of the placing have been received, for technical reasons, it is not yet in a position to issue the new shares and therefore admission of 400 million new ordinary shares in the capital of the Company (the "Placing") to trading on AIM ("Admission") will not take place as expected at 8.00 a.m. on 1 March 2024. It is expected that the new shares will be issued and Admission will take place early next week. A further announcement will be made in due course. Taking into account receipt of the net proceeds of the Placing, the Company confirms that it has sufficient working capital for six months from the date of this announcement.

 

Appointment of Nominated Adviser and Joint Broker

The Company also announces the appointment of Shore Capital and Corporate Limited as its Nominated Adviser and Shore Capital Stockbrokers Limited as its Joint Broker with immediate effect. WH Ireland will continue as Joint Broker to the Company.

 

 

For further information, please contact:

 

Verditek plc

+44 (0) 7778 798 816

Bob Holt

 

John Charlton

 

 

 

Shore Capital (Nominated Adviser and Joint Broker)

+44 (0) 20 7408 4090

Tom Griffiths / Lucy Bowden

 

 

 

WH Ireland (Joint Broker)

 

Hugh Morgan / Antonio Bossi / Andrew de Andrade

+44 (0) 20 7220 1666

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.

Appendix - AIM Rule 17 

Bob Holt

Save for the information set out below, there are no further disclosures to be made in accordance with Rule 17, Schedule Two (g) of the AIM Rules in respect of the appointment of Robert "Bob" Holt, aged 69. Bob does not hold an interest in the Company's share capital.

Current Directorships/Partnerships

 

Airfriendly Limited

Business Strategy LLP

Coal Hole Limited

Global Trees

Leadership Today Limited

Nylah's Enterprises Limited

The Logical Utilities Company Limited

 

Past Directorships/Partnerships (within 5 years)

 

Arbed Am Byth Limited

Revolution Beauty Group Plc

Revolution Beauty Holdings Limited

Revolution Beauty Labs Limited

Revolution Beauty Limited

Revolution Beauty Nominees Limited

Revolution Beauty UK Holdco Limited

Seneca Partners Limited

Senone LLP

Sureserve Compliance Services Limited

Sureserve Design & Build Limited

Sureserve Energy Services Limited

Sureserve Group Limited

Sureserve Holdings Limited

Sureserve VGS Limited

The Mears Foundation

Totally Plc

 

In addition, Bob is Trustee and Chair of The Footprints Foundation and The Holt Trust.

John Charlton

Save for the information set out above and below, there are no further disclosures to be made in accordance with Rule 17, Schedule Two (g) of the AIM Rules in respect of the appointment of John Charlton aged 67. John does not hold an interest in the Company's share capital.

John Charlton is not currently a director of any companies.

Past Directorships/Partnerships (within 5 years)

 

Aaron Heating Services Limited

Aaron Services Limited

Bury Metering Services Limited

Business Strategy LLP

CorEnergy Limited

Everwarm Limited

FJ Jones Heating Engineers Limited

FJ Jones Holdings Limited

H2O Nationwide Limited

Just Energy Solutions Limited

K&T heating services limited

PLS GRP Limited

PLS Holdings Limited

PLS Industries Limited

Precision Lift Services

Providor Limited

Rowan Lodge Consultants Limited

Smart Metering Limited

Speedfit Limited

Sure aintenance Group Limited

Sure Maintenance Limited

Sureserve Compliance Services Limited

Sureserve Design and Build Limited

Sureserve Energy Services Limited

Sureserve Fire and Electrical Limited

Sureserve Holdings Limited

Sureserve Property Investments Limited

Sureserve VGS Limited

Vinshire Gas Services Limited

In addition, John Charlton is Trustee of The Sureserve Foundtion.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
BOAPPUBUPUPCGBB
Date   Source Headline
25th Jun 20204:36 pmRNSPrice Monitoring Extension
22nd Jun 20204:41 pmRNSSecond Price Monitoring Extn
22nd Jun 20204:35 pmRNSPrice Monitoring Extension
22nd Jun 20202:06 pmRNSSecond Price Monitoring Extn
22nd Jun 20202:01 pmRNSPrice Monitoring Extension
22nd Jun 202011:06 amRNSSecond Price Monitoring Extn
22nd Jun 202011:00 amRNSPrice Monitoring Extension
22nd Jun 20207:00 amRNSOrder from an International Group
19th Jun 20204:41 pmRNSSecond Price Monitoring Extn
19th Jun 20204:36 pmRNSPrice Monitoring Extension
4th Jun 20204:41 pmRNSSecond Price Monitoring Extn
4th Jun 20204:35 pmRNSPrice Monitoring Extension
4th Jun 202011:05 amRNSSecond Price Monitoring Extn
4th Jun 202011:00 amRNSPrice Monitoring Extension
4th Jun 20209:05 amRNSSecond Price Monitoring Extn
4th Jun 20209:00 amRNSPrice Monitoring Extension
2nd Jun 20207:00 amRNSConfirmation of Directorate Changes
27th May 20202:45 pmRNSIssuance of 2,500,000 New Ordinary Shares
7th May 202012:55 pmRNSSubscription to raise £1,000,000
7th May 202012:50 pmRNSDirectorate Changes
27th Apr 20207:00 amRNSManufacturing Site reopened and Business Update
14th Apr 20207:00 amRNSAppointment of Commercial Director
9th Mar 202011:30 amRNSSubscription to raise over £500,000
28th Jan 20207:00 amRNSVerditek Business Update
2nd Dec 20197:00 amRNSIssue of Equity on Conversion of CLN
8th Nov 201911:00 amRNSResult of AGM
27th Sep 201910:45 amRNSResult of Placing
26th Sep 20197:05 amRNSVerditek Solar Italy material Order Intake
26th Sep 20197:02 amRNSProposed Placing
26th Sep 20197:00 amRNSInterim results for the period ended 30 June 2019
10th Jul 20197:00 amRNSIEC Certification of PV Technology
28th Jun 20197:00 amRNSFinal Audited Results
18th Jun 20197:00 amRNSGraphene Integrated PV Cell & New JDP
31st May 20193:34 pmRNSHolding(s) in Company
29th May 20197:00 amRNSVerditek & Optimeyes Announce Framework Agreement
28th May 20197:00 amRNSVSI Commences Manufacturing and First Order Intake
17th May 20198:05 amRNSComplete control of Solar PV Business
17th May 20197:00 amRNSVerditek takes full control of Solar PV Business
13th May 20197:00 amRNSDirector Loan
3rd May 20195:09 pmRNSChanges at BBR Filtration
25th Apr 20199:10 amRNSVerditek and Engenera Announce Framework Agreement
4th Mar 20197:00 amRNSBoard Changes
27th Feb 20197:00 amRNSCSO Appointment
13th Feb 20193:27 pmRNSHolding(s) in Company
5th Feb 20198:59 amRNSAppointment of NOMAD & Broker
5th Feb 20198:59 amRNSDirector Appointment
4th Dec 20187:00 amRNSUpdate on Convertible Loan Note
20th Nov 20185:48 pmRNSHolding(s) in Company
10th Oct 201811:03 amRNSUpdate on Convertible Loan Note
21st Sep 20188:33 amRNSInterim Report and Financial Statements

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.