REG - HeiQ PLC - Completion of Acquisition

HeiqAnnouncement

12/01/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230112:nRSL4588Ma&default-theme=true

RNS Number : 4588M  HeiQ PLC  12 January 2023

12 January 2023

 

HeiQ Plc

("HeiQ" or "the Company")

 

Completion of Acquisition, Share Issuance and Total Voting Rights

 

HeiQ Plc (LSE: HEIQ), a leading company in materials innovation and hygiene
technologies, announces the completion of the acquisition of Tarn-Pure
Holdings Ltd and the issuance of new ordinary shares to part satisfy
consideration payable.

Further to the Company's announcement released on 4 January 2023, HeiQ will
pay a total consideration of approximately £0.85m. Including closing
adjustments to the consideration and repayments of debts, the Company will pay
£530,000 in cash with the balance to be satisfied through the issuance of
455,435 new ordinary shares of 30p each in the Company (the "Consideration
Shares") to the vendors, issued at a price of 69.6p per share which represents
a significant premium to the current share price.

As previously announced, Tarn-Pure is a UK-based intellectual property company
holding critical EU and UK regulatory registrations to sell elemental copper
and elemental silver for use in disinfecting hygiene applications. HeiQ
generates significant silver technology sales and the acquired regulatory
asset will enable it to further increase these sales.

Issue of Equity and Total Voting Rights

Applications will be made for the Consideration Shares to be admitted to the
standard segment of the Official List, and to trading on the London Stock
Exchange's Main Market ("Admission").

It is expected that Admission will become effective, and that dealings in the
new Ordinary Shares are expected to commence, at 08.00 a.m. on 16 January
2023.

Following Admission, the total number of Ordinary Shares in issue will be
140,537,907 and the total number of voting rights will therefore be
140,537,907. This figure may be used by shareholders 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.

 

For further information, please contact:

 HeiQ Plc                                                +41 56 250 68 50

 Carlo Centonze (CEO)
 Cenkos Securities plc (Broker)                          +44 (0) 207 397 8900

 Stephen Keys / Callum Davidson
 SEC Newgate (Media Enquiries)                           +44 (0) 20 3757 6882

 Elisabeth Cowell / Axaule Shukanayeva / Molly Gretton   HeiQ@s (mailto:HeiQ@secnewgate.co.uk) ecnewgate (mailto:HeiQ@secnewgate.co.uk)
                                                         .co.uk (mailto:HeiQ@secnewgate.co.uk)

 

About HeiQ

HeiQ is focused on improving the lives of billions of people world-wide by
innovating the materials people use every day. HeiQ has strong IP which is at
the forefront of global technology in the $10 billion antimicrobial fabrics
market, $24 billion textile chemicals market, the $50 billion probiotics
market and the $150 billion man-made fibers market. It has also moved into the
medical device, healthcare and hygiene coatings markets, to help make
hospitals and healthcare environments more hygienic. HeiQ aims to deliver
growth for its shareholders through a combination of increased sales of its
core products and by entering additional lucrative markets through disruptive
innovations and M&A.

HeiQ has created some of the most effective, durable and high-performance
technologies in the market today, which cool, warm, dry, repel, purify, and
destroy viruses. Since 2005, HeiQ has developed over 200 technologies in
partnership with 300 major brands and it has a significant R&D pipeline
containing over 50 projects. The Company has won multiple awards and gained a
strong reputation for the ESG & sustainable downstream effect of its
innovations. HeiQ is the only company to have won the Swiss Technology award
twice. It has also won the Swiss Environmental award with an innovation that
saves energy and water consumption during the textile manufacturing process.

Led by an experienced leadership team, HeiQ researches new solutions for
partners, delivers scaled up manufacturing from its sites across the world and
helps partners market the product to end consumers - aiming for lab to
consumer in months.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ACQSFAESFEDSEFF