Business
Results of Placing
Results of Placing.
About this update from Earnz Plc
[{"type":"text","content":"\n \nRNS Number : 1394A Verditek PLC 21 December 2017 \n\n21 December 2017\n \nVerditek PLC \n(\"Verditek\" or the \"Company\")\n \nResults of Placing\n \nVerditek plc, (AIM: VDTK), the clean technology company, is pleased to announce the successful completion of the Placing announced earlier today.\n \nA total of 14,444,444 new ordinary shares (the \"Placing Shares\") have been placed. The Placing Shares will be allocated to Placees at a price of 9 pence per ordinary share, raising gross proceeds of £1.3 million. \n \nApplication will be made for admission to trading on AIM (\"Admission\") of the Placing Shares which is expected to occur on or around 29 December 2017. The Placing Shares will represent, in aggregate, approximately 7 per cent. of Verditek's issued ordinary share capital immediately following Admission.\n \nIn addition, and subject to Shareholder consent to issue shares pursuant thereto on a non-pre-emptive basis, the Company intends to issue warrants to the Placees on a one warrant for one share basis, to subscribe for one additional ordinary share at a subscription price of 18p per new ordinary share at any time over the next three years.\n \nVerditek's Non-Executive Chairman Dr Geoff Nesbitt, said: \"We are delighted with the level of interest received for the Placing, which will allow us to continue building momentum by taking advantage of opportunities within the market. \n \n\"We would like to welcome our new investors and thank existing Shareholders for their on-going support and confidence in our strategy. We now look forward to deploying the new capital to support our continued growth.\" \n \nTotal Voting Rights\n \nFollowing Admission, the total number of voting rights in the Company will be 202,117,265. No Ordinary Shares are held in treasury. This figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.\n \n \nGeneral Meeting\n \nThe Company intends to send a circular shortly, calling for a general meeting to be held on or before 14th February 2018 at which resolutions shall be put...