Repayment of Related Party Loan

RNS Number : 1973F

Verditek PLC

13 November 2020

 

Verditek PLC

("Verditek" or the "Company")

Repayment of Related Party Loan

Verditek plc, (AIM:VDTK), the international clean technology company that develops, manufactures and sells certified lightweight solar panels, confirms that on 12 November 2020 it repaid in full the Related Party loan of $600,000 (together with accrued interest of $206,857). The terms of this loan were previously announced on 13 May 2019. The floating charge over the Company's assets will now be removed.

Enquiries:

Verditek plc    Rob Richards, CEO Tim Bowen, CFO	Tel: [phone]
WH Ireland Limited - NOMAD and Broker	Tel: [phone]
Chris Hardie Matthew Chan

About Verditek plc:

AIM listed Verditek plc is a holding company with three businesses operating within the clean 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, 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, and have created the worlds' first Graphene Integrated Photo Voltaic cell. We are working together to engineer the technology for commercialization.

Verditek provides compelling commercial solutions that help to make our customer's businesses sustainable.

For more information please visit or contact the following:  https://verditek.com/

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

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