Business
Fundraise
Metir plc has successfully completed a fundraise of up to £1,000,000 before expenses, through a placing of 133,333,333 new Ordinary Shares at 0.75p per share, with investors also receiving warrants. The net proceeds will be used to accelerate business growth and move towards profitability by increasing production capacity for key instruments and kits, providing additional working capital, supporting large-scale water monitoring projects, enhancing software and system performance, investing in product development including PFAS technologies, and strengthening management infrastructure. Following the placing, the company's net cash position is expected to be approximately £1,088,000. Disclaimer*
About this update from Metir Plc
[{"type":"text","content":"\n\n \n \nTHIS ANNOUNCEMENT IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER OR AN INVITATION TO ACQUIRE OR DISPOSE OF ANY SECURITIES. ATTENTION IS ALSO DRAWN TO THE IMPORTANT INFORMATION AT THE END OF THIS ANNOUNCEMENT.\n \n22 December 2025\n \nMetir plc\n \n(\"Metir\", the \"Group\" or the \"Company\")\n \nFundraise\n \nMetir plc (AIM: MET), the leading global provider of fast response mobile and point-of-use water and environmental testing technology, is pleased to announce the successful completion of a fundraise (the \"Fundraise\"), arranged by the Company's Joint Broker Turner Pope Investments Limited (\"TPI\"), to raise up to £1,000,000, before expenses, to support the continuing growth of the Company by way of a placing of 133,333,333 new Ordinary Shares of 0.001 pence each in the Company (\"Ordinary Shares\") with investors (\"Placing Shares\"; together the \"Placing\") at a price of 0.75p (the \"Placing Price\") per ordinary share. In connection with the Placing, the Company will issue 133,333,333 warrants to investors on the ba...