REG - Eneraqua Technolgs. - First Day of Dealings and LSE Green Economy Mark

Eneraqua TechnologiesAnnouncement

22/11/2021 08:00

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RNS Number : 0278T  Eneraqua Technologies PLC  22 November 2021

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22 November 2021

ENERAQUA TECHNOLOGIES PLC

("Eneraqua Technologies", the "Company" or the "Group")

 

Admission to AIM, First Day of Dealings

and

London Stock Exchange's Green Economy Mark

 

Eneraqua Technologies plc, a specialist provider of energy and water
efficiency solutions, is pleased to announce the admission of its entire
issued ordinary share capital to trading on the AIM market of the London Stock
Exchange. Admission will take place and dealings will commence at 8.00 a.m.
today under the ticker ETP and ISIN GB00BNYDGM91. The Company's Admission
Document is available to view on the Company's website at
www.eneraquatechnologies.com (http://www.eneraquatechnologies.com) .

 

The placing of new and existing ordinary shares has successfully raised a
total of £20.0 million (before expenses), comprising £12.0 million for the
Company and £8.0 million for existing shareholders, at a placing price of 277
pence per share.

 

London Stock Exchange's Green Economy Mark

Eneraqua Technologies has received London Stock Exchange's Green Economy Mark.
This classification, first introduced in 2019, was created to highlight
companies and investment funds listed on all segments of London Stock
Exchange's Main Market and AIM that are driving the global green economy. To
qualify for the Green Economy Mark, companies and funds must generate 50% or
more of their total annual revenues from products and services that contribute
to the global green economy.

 

The underlying methodology incorporates the Green Revenues data model
developed by FTSE Russell. It provides a detailed taxonomy of environmental
goods, products and services, and is designed to recognise both 'pure-play'
green technology companies, as well as those across all industries that make
significant contributions to the transition to a sustainable, low carbon
economy.

 

Mitesh Dhanak, CEO, commented: "Our admission to AIM is an exciting milestone
for Eneraqua Technologies. The successful completion of our IPO represents the
beginning of a new chapter as we look to accelerate our expansion into new
markets and geographies.

 

The London Stock Exchange's Green Economy Mark, received today, recognises our
Company's ongoing contribution to the global green economy.

 

I am delighted to welcome our new shareholders and would like to thank them
for their support. We look forward to working with them in the years ahead as
we build on our strong foundations and push forward with our growth plans."

 

 

For more information, please contact:

 

 Eneraqua Technologies plc                          Via Alma PR
 Mitesh Dhanak, CEO                                 www.eneraquatechnologies.com (http://www.eneraquatechnologies.com)
 Iain Richardson, CFO

 finnCap Ltd                                        +44(0)20 7220 0500
 NOMAD and Broker
 Ed Frisby / Charlie Beeson - Corporate Finance
 Andrew Burdis / Sunila de Silva - ECM

 Alma PR                                            +44(0)20 3405 0205
 Financial PR and IR                                eneraqua@almapr.co.uk (mailto:eneraqua@almapr.co.uk)
 Justine James / Hilary Buchanan / Sam Modlin

 

 

The Company's ISIN is GB00BNYDGM91 and its SEDOL is BNYDGM91. To find out
more, please visit:  www.eneraquatechnologies.com
(http://www.eneraquatechnologies.com)

 

 

Notes to editors

 

Eneraqua Technologies (AIM:ETP) is a specialist in energy and water
efficiency. The Group has two divisions: energy and water. Energy is the
larger division, with the Company focused on clients with end of life gas, oil
or electric heating and hot water systems. The Group provides turnkey retrofit
district or communal heating systems based either on high-efficiency gas or
ground/air source heat pump solutions that support Net Zero and
decarbonisation goals.

The water division is a growing service offering focused on water efficiency
upgrades for utilities and commercial clients including hotels and care
homes.

The activities in both divisions are underpinned by the Company's wholly-owned
intellectual property, the Control Flow HL2024 family of products which reduce
water wastage and improve the performance of heating and hot water systems.

The Company's main country of operation is the United Kingdom. The Company's
head office is based in London with additional offices in Washington
(Sunderland), Leeds, India, Spain and the Netherlands. The Company has 94 full
time employees, with the majority employed within the UK. Eneraqua
Technologies has received the London Stock Exchange's Green Economy Mark.

 

Important Notices

finnCap Ltd ("finnCap") which is authorised and regulated by the Financial
Conduct Authority in the United Kingdom, is acting exclusively for the Company
and no-one else in connection with Admission. finnCap will not regard any
other person as its client in relation to Admission and will not be
responsible to anyone other than the Company for providing the regulatory
protections afforded to its clients, nor for providing advice in relation to
the contents of this announcement or any transaction, arrangement or other
matter referred to herein.

 

For the avoidance of doubt, the contents of the Group's websites are not
incorporated by reference into, and do not form part of, this announcement.

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