Business
Result of fundraise via placing and subscription
European Green Transition PLC has successfully raised £7.5 million in gross proceeds through a placing and subscription of new ordinary shares at 6 pence per share, which includes the conversion of £1.5 million in bridge facilities. These funds will be used to repay bridge facilities, strengthen the balance sheet, support the growth of the O&M business, and pursue strategic bolt-on acquisitions in the critical infrastructure sector. This fundraising is a key step towards the company's medium-term target of £50 million in group revenue and double-digit EBITDA margins. The participation of Raglan Road Capital Limited, a related party, in subscribing for £200,000 of new shares has been deemed fair and reasonable by independent directors. The new shares are expected to be admitted to trading on AIM on March 31, 2026, subject to shareholder approval at a general meeting on March 30, 2026. Disclaimer*
About this update from European Green Transition Plc
[{"type":"text","content":"\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, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\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\").\nCapitalised terms not otherwise defined in the text of this Announcement have the meanings given in the Company's launch announcement released at 7.00 a.m. on 11 March 2026, unless otherwise specified.\n \n\nEuropean Green Transition PLC\n(\"EGT\", or the \"Company\")\nResult of fundraise via placing and subscription\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 that, further to its announcement made yesterday (the \"Launch Announcement\") regarding the launch of the proposed placing and subscription (the \"Fundraise\"), the Company has conditionally raised gross proceeds of £7.5 million in aggregate, via the placing of 64,778,653 new Ordinary Shares of 0.25 pence each (\"Ordinary Shares\") by way of the Placing and 60,221,347 new Ordinary Shares by way of the Subscription, at the Issue Price of 6 pence per Ordinary Share. This included the conversion of £1.5 million into 25,000,000 new Ordinary Shares at the Issue Price pursuant to the Bridge Facilities as further set out in the Launch Announcement.\nThe Placing Shares and Subscription Shares represent in aggregat...