1 March 2024
Verditek plc (to be re-named EARNZ
plc)
("Verditek" or "the
Company")
Completion,
Directorate changes,
Update on Placing and
Appointment of Nominated Adviser and
Joint Broker
Further to its announcement on 28 February
2024, Verditek plc (AIM: VDTK) announces completion of the disposal
of its solar business, Verditek Solar Italy srl, the
resignation with immediate effect of The
Rt Hon. Lord David Willetts, Robert Richards and George Katzaros
and the appointment of Bob Holt and John Charlton as directors of
the Company. Further details pursuant to AIM Rule 17 and Schedule
Two (g) of the AIM Rules for Companies are set out
below.
The Company is now regarded as an AIM Rule 15
cash shell, having ceased to own, control, or conduct all or
substantially all, of its existing trading business, activities, or
assets. The Company will therefore, within 6 months, need to make
an acquisition or acquisitions which constitute a reverse takeover
under AIM Rule 14, failing which trading in the Company's shares on
AIM will be suspended. Should the Company's shares remain suspended
from trading for 6 months, admission of the Company's shares to
trading on AIM will be cancelled under AIM Rule 41.
Update on
Placing
Further to its announcement on 28 February
2024, the Company announces that, while the proceeds of the placing
have been received, for technical reasons, it is not yet in a
position to issue the new shares and therefore admission of 400
million new ordinary shares in the capital of the Company (the
"Placing") to trading on AIM ("Admission") will not take place as
expected at 8.00 a.m. on 1 March 2024. It is expected that the new
shares will be issued and Admission will take place early next
week. A further announcement will be made in due course. Taking
into account receipt of the net proceeds of the Placing, the
Company confirms that it has sufficient working capital for six
months from the date of this announcement.
Appointment of
Nominated Adviser and Joint Broker
The Company also announces the
appointment of Shore Capital and Corporate Limited as its Nominated
Adviser and Shore Capital Stockbrokers Limited as its Joint Broker
with immediate effect. WH Ireland will continue as Joint Broker to
the Company.
For further
information, please contact:
|
Verditek
plc
|
+44 (0) 7778 798 816
|
|
Bob Holt
|
|
|
John Charlton
|
|
|
|
|
|
Shore
Capital (Nominated Adviser and Joint
Broker)
|
+44 (0) 20 7408 4090
|
|
Tom Griffiths / Lucy Bowden
|
|
|
|
|
|
WH
Ireland (Joint Broker)
|
|
|
Hugh Morgan / Antonio Bossi / Andrew de Andrade
|
+44 (0) 20 7220 1666
|
This announcement contains inside information for the purposes
of Article 7 of the UK version of Regulation (EU) No 596/2014 which
is part of UK law by virtue of the European
Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the
publication of this announcement via a Regulatory Information
Service, this inside information is now considered to be in the
public domain.
Appendix - AIM Rule 17
Bob Holt
Save for the information set out
below, there are no further disclosures to be made in accordance
with Rule 17, Schedule Two (g) of the AIM Rules in respect of the
appointment of Robert "Bob" Holt, aged 69. Bob does not hold an
interest in the Company's share capital.
Current
Directorships/Partnerships
Airfriendly Limited
Business Strategy LLP
Coal Hole Limited
Global Trees
Leadership Today Limited
Nylah's Enterprises Limited
The Logical Utilities Company Limited
Past
Directorships/Partnerships (within 5 years)
Arbed Am Byth Limited
Revolution Beauty Group Plc
Revolution Beauty Holdings Limited
Revolution Beauty Labs Limited
Revolution Beauty Limited
Revolution Beauty Nominees Limited
Revolution Beauty UK Holdco Limited
Seneca Partners Limited
Senone LLP
Sureserve Compliance Services Limited
Sureserve Design & Build Limited
Sureserve Energy Services Limited
Sureserve Group Limited
Sureserve Holdings Limited
Sureserve VGS Limited
The Mears Foundation
Totally Plc
In addition, Bob is Trustee and Chair of The
Footprints Foundation and The Holt Trust.
John Charlton
Save for the information set out
above and below, there are no further disclosures to be made in
accordance with Rule 17, Schedule Two (g) of the AIM Rules in
respect of the appointment of John Charlton aged 67. John does not
hold an interest in the Company's share capital.
John Charlton is not currently a
director of any companies.
Past
Directorships/Partnerships (within 5 years)
Aaron Heating Services
Limited
Aaron Services Limited
Bury Metering Services
Limited
Business Strategy LLP
CorEnergy Limited
Everwarm Limited
FJ Jones Heating Engineers
Limited
FJ Jones Holdings Limited
H2O Nationwide Limited
Just Energy Solutions
Limited
K&T heating services
limited
PLS GRP Limited
PLS Holdings Limited
PLS Industries Limited
Precision Lift Services
Providor Limited
Rowan Lodge Consultants
Limited
Smart Metering Limited
Speedfit Limited
Sure aintenance Group
Limited
Sure Maintenance Limited
Sureserve Compliance Services
Limited
Sureserve Design and Build
Limited
Sureserve Energy Services
Limited
Sureserve Fire and Electrical
Limited
Sureserve Holdings Limited
Sureserve Property Investments
Limited
Sureserve VGS Limited
Vinshire Gas Services
Limited
In addition, John Charlton is
Trustee of The Sureserve Foundtion.