30th Jun 2022 14:29
Verditek PLC - London-based company producing solar panels - Raises GBP1.5 million via a subscription of 101.3 million shares at 1.5 pence each. This is a 36% discount to Wednesday's closing price of 2.34p.
Non-Executive Director Gavin Mayhew subscribes to 20 million shares at the issue price, worth GBP300,000.
Chief Executive Rob Richards comments: "Although raising cash via dilution is never an easy decision to take, I am delighted that over 80% of the raise has been achieved with long-term shareholders, including a director, who continue to believe in the future of the company."
Current stock price: 1.79 pence, down 28% on Thursday
12-month change: down 31%
By Sophie Rose; [email protected]
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