Business
Proposed Acquisition, Placing to raise £3.50m
Earnz PLC announced a proposed acquisition of Zero Carbon Group Ltd (ZCG) for up to £9.5 million, alongside a placing to raise up to £3.5 million and a retail offer of up to £0.5 million, both at a placing price of 5.0 pence per share. The net proceeds from the placing will fund the initial cash consideration for ZCG and provide working capital for the enlarged group, while retail offer proceeds will also contribute to working capital. The acquisition is conditional on shareholder approval at a general meeting on March 30, 2026, with admission of new shares expected on March 31, 2026. The placing price represents a slight discount to the previous day's closing mid-market price. Disclaimer*
About this update from Earnz Plc
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