Business
Proposed fundraise to raise c. £7.5 million
European Green Transition PLC is proposing a fundraise to raise approximately £7.5 million through the issuance of new ordinary shares at 6 pence per share, representing a 7.7% discount to the previous day's closing price. This upscaled fundraise, driven by investor demand, will be used to repay £1.5 million of bridge facilities, strengthen the balance sheet, support the growth of its acquired O&M business, and pursue strategic acquisitions. The company recently announced the acquisition of an EBITDA profitable onshore wind turbine O&M business for approximately £3.5 million, which generated £14.7 million in revenue and £0.9 million in adjusted EBITDA in FY25. Disclaimer*
About this update from European Green Transition Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT (INCLUDING THE APPENDICES) 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, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES IN APPENDIX II OF THIS ANNOUNCEMENT.\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 EUROPEAN GREEN TRANSITION PLC IN ANY JURISDICTION IN WHICH SUCH INVITATION, SOLICITATION, RECOMMENDATION, OFFER, SUBSCRIPTION OR ADVICE WOULD BE UNLAWFUL UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. THIS ANNOUNCEMENT IS NOT AN OFFER OF OR SOLICITATION TO PURCHASE OR SUBSCRIBE FOR SECURITIES IN THE UNITED STATES.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EU (WITHDRAWAL) ACT 2018 (\"MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF THE PLACING WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF INSIDE INFORMATION (AS DEFINED IN MAR), AS PERMITTED BY MAR. THIS INSIDE INFORMATION IS SET OUT IN THIS ANNOUNCEMENT. THEREFORE, THOSE PERSONS THAT RECEIVED INSIDE INFORMATION IN A MARKET SOUNDING ARE NO LONGER IN POSSESSION OF SUCH INSIDE INFORMATION RELATING TO THE COMPANY AND ITS SECURITIES.\nCAPITALISED TERMS USED IN THIS ANNOUNCEMENT (INCLUDING THE APPENDICES) (THE \"ANNOUNCEMENT\") HAVE THE MEANINGS GIVEN TO THEM IN APPENDIX III TO THIS ANNOUNCEMENT, UNLESS THE CONTEXT PROVIDES OTHERWISE.\n\nEuropean Green Transition PLC\n(\"EGT\", or the \"Company\")\nProposed placing and subscription to raise approximately £7.5 million\nEuropean Green Transition plc (AIM: EGT), a company focused on acquiring, integrating and optimising revenue-generating and profitable services businesses in the critical infrastructure sector, announces a proposed fundraise to raise gross proceeds of approximately £7.5 million before expenses by the issue of new ordinary shares of 0.25 pence each in the Company (\"Ordin...