Verditek PLC Financing Update (0628V)
29 Noviembre 2023 - 3:02AM
UK Regulatory
TIDMVDTK
RNS Number : 0628V
Verditek PLC
29 November 2023
29 November 2023
Verditek plc
("Verditek" or the "Company")
Financing Update
Verditek plc (AIM:VDTK), the international green technology
company that develops, manufactures and sells lightweight solar
panels provides the following update on its financial position.
The Company has limited cash resources and will need to conclude
some form of fundraising or recapitalisation within the next four
to twelve weeks (depending on, inter alia, the timing of receipt of
a VAT refund from the Italian tax authorities). The Company is
actively exploring a number of options. In particular, the Company
is in discussion with a potential strategic partner, active in the
solar energy space, concerning a possible collaboration including
taking a significant stake in the company and a possible Joint
Venture.
However, whilst active discussions are ongoing, there can be no
certainty as to the outcome of these discussions.
Further announcements will be made as and when appropriate.
For further information, please contact:
Verditek plc
Rob Richards (Chief Executive Officer) +44 (0) 20 7129 1110
Vicki Johnson (Interim Chief Financial Officer)
WH Ireland Limited (NOMAD and Broker)
Chris Hardie +44 (0) 20 7220 1666
Hugh Morgan
Andrew de Andrade
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.
About Verditek plc
AIM listed Verditek plc is a holding company of a business
operating within the green technology sector. The Company is
focused on commercialising our lightweight low-profile solar panel
business. With manufacturing based in 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, residential and holiday home
power solutions and solar roofing for light-weight industrial
roofing. In addition to our current PV panels in production, we
have partnered with an outstanding leader in graphene technology,
Paragraf.
For more information please visit or contact the following: https://verditek.com/
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END
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November 29, 2023 04:02 ET (09:02 GMT)
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