Business
Intention to raise up to £1.3 million
Intention to raise up to £1.3 million.
About this update from Earnz Plc
[{"type":"text","content":"\n \nRNS Number : 1305A Verditek PLC 21 December 2017 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN VERDITEK PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF VERDITEK PLC. MEMBERS OF THE PUBLIC SHALL NOT BE ELIGIBLE TO TAKE PART IN THE PROPOSED PLACING, WHICH IS TO BE LIMITED TO PERSONS WHO CONFIRM THEIR PARTICIPATION BY ENTERING INTO A PLACING CONFIRMATION LETTER WITH THE COMPANY IN A PRESCRIBED FORM.\n \nThe information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n21 December 2017\n \nVerditek PLC \n(\"Verditek\" or the \"Company\")\n \nVerditek announces its intention to raise up to £1.3 million by way of a private placing of 14,444,444 ordinary shares in the capital of the Company at 9p per new ordinary shares and the conditional issue of various share warrants\n \nVerditek intends to raise working capital to support the continued growth of the Company's manufacturing capacity and fund a Joint Development Programme with Paragraf Ltd announced earlier this morning. \n \nIn this regard the Company announces that it intends to carry out an equity raise of up to £1.3 million, by way of a placing directly with the Company (the \"Placing\") of up to 14,444,444 new ordinary shares (the \"Placing Shares\") at a price of 9 pence per ordinary share (the \"Placing Price\") with existing...