Notice of General Meeting

Verditek PLC

09 February 2024

 

9 February 2024

Verditek plc

("Verditek" or the "Company")

Notice of General Meeting

Further to the Company's notification of 7 February 2024 (RNS 3106C, the "Proposed Disposal" ), the Board is now seeking Shareholder authority in order to: (1) proceed with the Disposal (as defined in the Proposed Disposal notification of 7 February 2024); (2) allot up to 400 million new shares in the capital of the Company at 0.075p per Share to raise £300,000; and (3) allot such capital on a non-pre-emptive basis. This will give the Company the flexibility to issue new shares in the event that the Disposal is approved and discussions with the group of individuals who it is proposed would come in as a new management team are successful.

There is no guarantee that such a proposal will proceed, as it remains at an exploratory stage and the Company will update the market with further information as soon as it is available.

An explanatory Circular is being issued to Shareholders today.

Consequently, the Company is convening a General Meeting on 28 February 2024 at 11 am GMT at the offices of Peachey & Co LLP, 7^th Floor, 95 Aldwych London, WC2B 4JF.

Copies of the following documents, which contain details of the resolutions to be voted on at the General Meeting, are today being posted to the Company's shareholders:

1.    Circular to Shareholders dated 9 February 2024;

2.    Notice of the General Meeting of the Company; and

3.    Form of proxy for use at the General Meeting.

For further information, please contact:

Verditek plc

Rob Richards (Chief Executive Officer)                                                                   [phone]

Vicki Johnson (Interim Chief Financial Officer)

WH Ireland Limited (NOMAD and Broker)

Hugh Morgan                                                                                                              [phone]

Chris Hardie

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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