REG - European Green Trns. - Result of fundraise via placing and subscription

European Green TransitionAnnouncement

12/03/2026 07:00

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RNS Number : 3095W  European Green Transition PLC  12 March 2026

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, THE REPUBLIC OF
SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE,
PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR
CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY
PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN
EUROPEAN GREEN TRANSITION PLC IN ANY JURISDICTION IN WHICH SUCH INVITATION,
SOLICITATION, RECOMMENDATION, OFFER, SUBSCRIPTION OR ADVICE WOULD BE UNLAWFUL
UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. THIS ANNOUNCEMENT IS NOT
AN OFFER OF OR SOLICITATION TO PURCHASE OR SUBSCRIBE FOR SECURITIES IN THE
UNITED STATES.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
(EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY
VIRTUE OF THE EU (WITHDRAWAL) ACT 2018 ("MAR").

Capitalised terms not otherwise defined in the text of this Announcement have
the meanings given in the Company's launch announcement released at 7.00 a.m.
on 11 March 2026, unless otherwise specified.

 

European Green Transition PLC

("EGT", or the "Company")

Result of fundraise via placing and subscription

European Green Transition plc (AIM: EGT), a company focused on acquiring,
integrating and optimising revenue-generating and profitable services
businesses in the critical infrastructure sector, announces that, further to
its announcement made yesterday (the "Launch Announcement") regarding the
launch of the proposed placing and subscription (the "Fundraise"), the Company
has conditionally raised gross proceeds of £7.5 million in aggregate, via the
placing of 64,778,653 new Ordinary Shares of 0.25 pence each ("Ordinary
Shares") by way of the Placing and 60,221,347 new Ordinary Shares by way of
the Subscription, at the Issue Price of 6 pence per Ordinary Share. This
included the conversion of £1.5 million into 25,000,000 new Ordinary Shares
at the Issue Price pursuant to the Bridge Facilities as further set out in the
Launch Announcement.

The Placing Shares and Subscription Shares represent in aggregate 86% of the
issued ordinary share capital of the Company prior to the Placing and
Subscription.

Oak Securities (a trading name of Merlin Partners LLP) acted as broker and
sole bookrunner in connection with the Placing.

The net proceeds of the Fundraise are to be used to:

·    repay £1.5 million of the Bridge Facilities with the remaining £1.5
million facility held by Roaring Waters Capital Limited automatically
converting into 25,000,000 new Ordinary Shares as part of the Fundraise at the
Issue Price in accordance with the terms of that facility;

·    strengthen the balance sheet of the enlarged group;

·    support the continued development and growth of the O&M Business,
including the delivery of the repowering pipeline and projected growth
initiatives; and

·    pursue selective strategic bolt-on acquisitions to support expansion
of services across the critical infrastructure sector in the UK, Ireland, and
Europe.

The Fundraise is a key milestone in EGT's medium-term target of £50
million Group revenue and double-digit EBITDA margins driven primarily
through organic growth and strategic bolt-on acquisitions across the critical
infrastructure space in the UK, Ireland, and Europe, such as water, energy,
roads, and data centres.

Cathal Friel, Co-founder and Executive Chair of European Green Transition
plc said: "We are delighted by the exceptional level of demand from both new
and existing investors for this fundraise, which was upsized from c.£5
million to £7.5 million and was significantly oversubscribed. We believe the
quality and scale of interest, including from institutions, strongly
validates the transaction we completed in recent weeks, acquiring an
established, EBITDA profitable onshore wind turbine operations, maintenance,
repair, and remote monitoring business.

"Through the Earthmill, WEP and Silverford platforms, we can deploy single or
twin turbine systems to help energy users move towards energy independence,
allowing businesses to lock in predictable power costs for 10-15 years while
reducing exposure to fluctuations in oil and gas prices. Recent reductions in
battery storage costs, together with the availability of fully reconditioned
850kW turbines enable us to offer complete, turnkey systems to mid-sized
energy users across the UK and Ireland at a fraction of the cost seen just a
few years ago. We believe this positions us well to capture what we believe
will be a significant growth opportunity in distributed wind over the coming
years.

"With £7.5 million conditionally raised, EGT will be debt free and strongly
positioned for its next phase of growth. We have clear visibility over both
near- and long-term revenues and an experienced team in place to execute our
strategy, scale the business rapidly and achieve our medium-term target of
£50m revenue and double-digit EBITDA margins. Our focus remains on executing
our strategy and creating sustainable long-term value for our shareholders."

 

Related Party Transaction

Raglan Road Capital Limited ("Raglan Capital"), which is controlled by Cathal
Friel, Executive Chair of the Company, holds an interest in 13.8% of the
Company's Ordinary Shares directly. Cathal Friel holds an interest in 5.3% of
Ordinary Shares and is a director of both the Company and Raglan Capital.
Raglan Capital, deemed as a Related Party pursuant to Rule 13 of the AIM Rules
for Companies, has conditionally subscribed for 3,333,333 new Ordinary Shares
in the Fundraise at the Issue Price, equating to a total aggregate
subscription of £200,000.

Raglan Capital's participation in the Fundraise constitutes a related party
transaction pursuant to AIM Rule 13. The directors independent of Raglan
Capital's participation in the Fundraise (being Daniel Akselson, James Leahy
and Mick Kearney) consider, having consulted with Panmure Liberum, the
Company's nominated adviser for the purposes of the AIM Rules, that the terms
of the participation in the Fundraise by Raglan Capital are fair and
reasonable insofar as Shareholders are concerned.

Notice of General Meeting

The Fundraise is conditional upon, amongst other things, the passing of the
resolutions required to implement the Fundraise being duly passed by
shareholders of the Company at a general meeting.  A Circular containing
further details of the Placing, the Subscription and the Notice of General
Meeting to take place at the offices of DAC Beachcroft LLP at The Walbrook
Building, 25 Walbrook, London EC4N 8AF on 30 March 2026 at 9:30 a.m., is
expected to be despatched to Shareholders on or around 13 March 2026 and will
thereafter be available on the Company's website
www.europeangreentransition.com.

Admission

Application will be made to London Stock Exchange plc for 125,000,000 new
Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected
that Admission will become effective and that dealings in the new Ordinary
Shares will commence at 8.00 a.m. on 31 March 2026, subject to the
Resolutions being approved by shareholders at the General Meeting.

The new Ordinary Shares will, when issued, be credited as fully paid and
will be issued subject to the Company's articles of association and will
rank pari passu in all respects with the Existing Ordinary Shares.

The person responsible for arranging this announcement on behalf of the
Company is Jack Kelly, CFO of the Company.

 Enquiries

 

 European Green Transition plc                               +44 (0) 208 058 6129

 Cathal Friel, Executive Chair

 Jack Kelly, CFO

 Panmure Liberum - Nominated Adviser & Corporate Broker      + 44 (0) 20 7886 2500

 James Sinclair-Ford / Gaya Bhatt

 Mark Murphy / Rauf Munir

 OAK Securities - Broker and Sole Bookrunner                 +44 (0) 20 3973 3678

 Jerry Keen / Calvin Man                                     +44 (0) 7733 117328

 Camarco - Financial PR                                      + 44 (0) 20 3757 4980

 Billy Clegg, Elfie Kent,                                    europeangreentransition@camarco.co.uk

Lily Pettifar, Poppy Hawkins

 

Oak Securities (a trading name of Merlin Partners LLP, which is authorised and
regulated in the United Kingdom by the FCA), is acting as  broker and sole
bookrunner for the Company and for no-one else in connection with the Placing,
and Oak Securities will not be responsible to anyone other than the Company
for providing the protections afforded to its customers or for providing
advice to any other person in relation to the Placing or any other matter
referred to herein.

 

Panmure Liberum Limited, which is authorised and regulated in the United
Kingdom by the FCA, is acting as nominated adviser to the Company and for
no-one else in connection with the Placing and the other matters referred to
in this announcement. Panmure Liberum will not be responsible to anyone other
than the Company for providing the protections afforded to its customers or
for providing advice to any other person in relation to the Placing or any
other matter referred to herein.

 

Notes to Editors

European Green Transition plc (AIM: EGT) is a company focused on acquiring,
integrating and optimising revenue-generating and profitable services
businesses in the critical infrastructure sector across the UK and Ireland.

 

In 2026, EGT delivered a significant milestone in this strategy by acquiring
an EBITDA profitable operation, maintenance, repairs, and remote monitoring
platform business which serves over 900 onshore wind turbines across the UK
& Ireland. This platform includes Earthmill, Wind Energy
Partnership, Silverford Engineering, and Anemos Analytics.

 

The Company's strategy is to deliver sustained organic growth by expanding its
service offering, driving operational efficiencies to support margin
improvement, and generating strong free cash flow to fund reinvestment and a
progressive dividend strategy. EGT is pursuing a disciplined capital
allocation policy, including targeting selective bolt-on acquisitions across
the critical infrastructure space in the UK, Ireland, and Europe, such as
water, energy, roads, and data centres. The Company is also seeking to sell or
partner its existing portfolio of non-core mining projects, including the
Olserum Rare Earth Element (REE) Project.

 

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(https://www.linkedin.com/company/european-green-metals-ltd)

 

 

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