London Stock Exchange welcomes Verditek plc to AIM
The London Stock Exchange today welcomes Verditek, a holding company with three businesses operating within the clean technology sector, to celebrate the listing of the Company's public shares onto the AIM Market of the LSE.
The Company is focused on what it considers to be emergent and fast-growing clean technology sectors including, but not limited to, next generation solar panel technology, liquid gas absorption for CO2 capture and emission control and a filtration system which de-odourises air in waste water treatment systems.
Verditek raised gross proceeds of £2.75 million, which the Company will use for investment in the three operating companies and to assist with the development and market launch of its proven products which are at the point of commercialisaion and for general working capital purposes. Verditek intends to build a substantial public company by developing its subsidiaries and potentially acquiring a full ownership over a period of time.
Theodore Chapman, Chief Executive Officer of Verditek PLC, said:
"I am delighted that Verditek has joined AIM. Admission to AIM will expedite the execution of our growth strategy and take the Company to the next phase as we look to progress our three clean technology businesses with exciting, disruptive technologies and proven products in solar, carbon capture and filtration and bring each of the proprietary products to market.
"In this regard, we have focused on a unique liquid gas absorption technology expected to revolutionise the global CO2 capture industry; the acquisition of two solar manufacturing production lines in the Republic of San Marino, each of 25MWp (total 50MWp) production capacity per annum, producing an innovative and un-paralleled solar PV building material; and a pioneering filtration deodorisation technology, which is commercially proven and tackles a wide range of odours within air and water at a high efficiency.
"We are excited by the opportunities that now present themselves to us as a quoted entity, which we believe will enhance Verditek’s profile and provide access to the UK equity markets to support future growth. We have a highly experienced management team with strong leadership and experience in the clean technology sector. We look forward to updating our new shareholders and other investors with our progress as a public company in due course."