Business
Crowd for Angels (UK) Limited Bond
Crowd for Angels (UK) Limited Bond.
About this update from Earnz Plc
RNS Number : 0594I Verditek PLC 10 August 2021 This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (MAR), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. 10 August 2021 Verditek PLC ("Verditek" or the "Company") Crowd for Angels (UK) Limited Bond Verditek plc, (AIM:VDTK), the international green technology company that develops, manufactures and sells lightweight solar panels, would like to update the market following the closing of its corporate "green" bond. Verditek confirms that a total of £353,253 has been raised through crowdfunding platform Crowd for Angels including the £250,000 raised as previously announced on 1 June 2021. The offer for the bond closed on 31 July 2021 and a statutory "cooling off" period ended at 5pm on 9 August 2021. The bond, yielding 7%, is for a term of two years and interest will be paid quarterly. Security is by way of a floating charge on the assets of the company. Verditek will also issue to Crowd for Angels 10 warrants for each £1 invested for a term of 36 months to subscribe for new ordinary shares at the closing bid price immediately prior to the date of the Loan Note agreements. The closing bid price on 28 May 2021 was 3.1p for the initial £250,000 and was 2.75p on 30 July 2021 for the balance. For further information: Verditek plc Rob Richards, CEO Tel: +44 (0)20 7129 1110 Tim Bowen, CFO WH Ireland Limited - NOMAD and Broker Chris Hardie Tel: +44 (0)20 7220 1666 Ben Good Crowd for Angels Andrew Adcock, Chief Executive Tel: +44 (0)20 7437 2413 About Verditek plc: AIM listed Verditek plc is a holding company with three businesses operating within the green technology sector. The Company is focused on commercializing our lightweight low-profile solar panel business. With manufacturing based in Lainate Italy, we have developed renewable power solutions for our customers, that drive solar energy into applications previously unachievable. The exceptional properties of our solar panels replace diesel fuel in business such as perishable goods transport, off-grid telecommunication towers, electric vehicle charging stations, ...