Yesterday's well-subscribed placing at 8p provides VDTK with £3.5m of extra funding to enable the company to grow by financing working capital during the ramp up of production at its Lainate plant on the back of orders – to date, orders amounting to €2.6m in value to have come through the door since the appointment of new CEO Rob Richards in May 2020. Key orders included contract wins in diverse areas, ranging from the Australian mining sector to oil & gas, agriculture and marine applications; ....
29 Oct 2020
WHI First Light: Verditek (VDTK) - Successful placing raises £3.5m to fund growth and to strengthen the balance sheet
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WHI First Light: Verditek (VDTK) - Successful placing raises £3.5m to fund growth and to strengthen the balance sheet
EARNZ PLC (EARN:LON) | 7.8 0 0.0% | Mkt Cap: 4.87m
- Published:
29 Oct 2020 -
Author:
Nick Spoliar -
Pages:
4
Yesterday's well-subscribed placing at 8p provides VDTK with £3.5m of extra funding to enable the company to grow by financing working capital during the ramp up of production at its Lainate plant on the back of orders – to date, orders amounting to €2.6m in value to have come through the door since the appointment of new CEO Rob Richards in May 2020. Key orders included contract wins in diverse areas, ranging from the Australian mining sector to oil & gas, agriculture and marine applications; ....