REG - Earnz PLC - Successful £1 million Placing

EarnzAnnouncement

11/09/2025 12:00

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RNS Number : 9972Y  Earnz PLC  11 September 2025

For immediate release

11 September 2025

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.

EARNZ plc

("EARNZ" or the "Company")

 

Successful £1 million Placing

 

EARNZ (AIM: EARN), an energy services company whose objective is to capitalise
on the drive for global decarbonisation, by building a strong portfolio of
energy services businesses, is pleased to announce that it has raised gross
proceeds of £1 million (before expenses) through a successful placing (the
"Placing") of an aggregate of 13,888,888 new ordinary shares in the Company
("New Ordinary Shares"), (the "Fundraise") at a price of 7.2 pence per New
Ordinary Share (the "Issue Price").

The proceeds from the Placing will be used to fund working capital to extend
EARNZ' reach across the UK. To facilitate this EARNZ is setting up teams in
the Midlands and Yorkshire to capitalise on significant opportunities in these
regions. Part of the proceeds from the placing will fund the working capital
of these new entities.

The Issue Price represents a premium of approximately 44 per cent. to the
Closing Price of 0.05 pence per Ordinary Share on 10 September 2025, being the
latest practicable business day prior to the publication of this Announcement.
The New Ordinary Shares issued pursuant to the Fundraise will represent
approximately 10 per cent. of the enlarged share capital of the Company.

Directors' participation in the Placing

Certain Directors and their family members have subscribed for a total of
1,388,889 Placing Shares equivalent to £100,000 at the Placing Price as
detailed below.

Bob Holt OBE, Chair of EARNZ Plc, commented:

"We are delighted to see another great financial commitment from our major
shareholders. The funds raised are to complete the setting up of two trading
subsidiaries one in the Midlands and one in Yorkshire. The uncertainty around
ECO4 funding from the energy sector has created opportunities to invest in
management teams who enjoyed success previously. We are excited at the
prospect these teams bring into the Group."

Further details on the Placing

Zeus Capital Limited ("Zeus") acted as nominated advisor and sole broker in
connection with the Placing and to Earnz plc.

The Placing comprises the issue of 13,888,888 New Ordinary Shares (the
"Placing Shares") at the Issue Price to raise £1million before expenses for
the Company.

The Placing is conditional upon the Placing Agreement between the Company and
Zeus Capital Limited ("Zeus") not having been terminated in accordance with
its terms. The Placing is being carried out pursuant to the Company's existing
shareholder authorities. For the avoidance of doubt, no shareholders' approval
is being sought in respect of the Placing and the Placing is not conditional
on the completion of the Acquisition.

The Company and Zeus have entered into a placing agreement (the "Placing
Agreement"). Pursuant to the terms of the Placing Agreement, Zeus, as agents
for the Company, have conditionally agreed to use reasonable endeavours to
procure subscribers for the Placing Shares. Zeus has conditionally placed the
Placing Shares with certain institutional and other investors at the Issue
Price.

Directors' participation in the Placing

Adult members of the family of Bob Holt, Chairman of the Company, have
subscribed for 972,222 Placing Shares at the Placing Price.

Elizabeth Lake, CFO of EARNZ, has subscribed for a total of 416,667 Placing
Shares at the Placing Price. Following this transaction, Elizabeth Lake will
hold a total of 3,430,556 Ordinary Shares representing 2.56% of the Company's
enlarged share capital.

Admission, settlement and dealings

Application has been made to the London Stock Exchange for the Placing Shares
to be admitted to trading on AIM. It is expected that Admission will become
effective and that dealings in the Placing Shares will commence, at 8.00 a.m.
on 17 September 2025.

The Placing Shares will, on Admission, rank pari passu in all respects with
the Existing Shares and will rank in full for all dividends and other
distributions declared, made or paid on the Placing Shares after First
Admission. Definitive share certificates in respect of the Placing Shares will
be despatched within 10 business days of Admission.

Total Voting Rights

Following Admission, the total issued capital of the Company will consist of
133,908,362 Ordinary Shares with voting rights.

The Company does not hold any Ordinary Shares in treasury. Therefore, the
total number of voting rights in the Company following Admission will be
133,908,362 and this figure may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
share capital of the Company under the FCA's Disclosure Guidance and
Transparency Rules.

Enquiries:

 EARNZ plc
 Bob Holt / Peter Smith / Elizabeth Lake  +44 (0) 7778 798 816

                                          +44 (0) 7736 77 7790

                                          +44 (0) 7901 514268

 Zeus - Nominated Adviser and Broker
 Antonio Bossi / Andrew de Andrade        +44 (0) 203 829 5000
 Camarco - Financial  PR
 Ginny Pulbrook/Rachel Scott              +44 (0) 7961 315138

                                          EARNZ@camarco.co.uk (mailto:EARNZ@camarco.co.uk)

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

 1                                   Details of the person discharging managerial responsibilities / person closely
                                     associated
 a)                                  Name                                              1.   Elizabeth Lake

 2                                   Reason for the notification
 a)                                  Position/status                                   1.   Chief Financial Officer

 b)                                  Initial notification/Amendment                    Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                            Earnz plc
 b)  LEI                                                             213800YWMHGTNXCWZC33
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument     Ordinary shares of £0.04 each
     Identification code                                             GB00BRC2TB67
 b)  Nature of the transaction                                       Issue of Placing Shares
 c)  Price(s) and volumes(s)                                         Price(s)                            Volume(s)
                                     1.   £0.072

                                                                                       1.   416,667
 d)  Aggregated information
     Aggregated volume                                               N/A
     Price                                                           N/A
 e)  Date of the transaction                                         11 September 2025
 f)  Place of the transaction                                        AIM

 

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