REG - Metir PLC - Director Participation in Fundraising & TVR

MetirAnnouncement

21/07/2025 09:30

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RNS Number : 8555R  Metir PLC  21 July 2025

 

21 July 2025

 

Metir plc

 

("Metir" or the "Company")

 

Director Participation in Fundraising & TVR

 

Metir plc (AIM: MET), the leading global provider of mobile and point-of-use
water and environmental testing technology, is pleased to announce that,
further to the Company's announcement on 10 June 2025, the Participating
Directors have subscribed for, in aggregate, £70,000 via the Subscription as
part of the Fundraise. The Participating Director have subscribed for
10,727,969 ordinary shares of 0.001 pence each in the Company ("Ordinary
Shares") at a price of 0.6525 pence per Ordinary Share, being the higher of
the Placing Price of 0.65 pence per Ordinary Share and a 10% discount to the
closing price of an Ordinary Share on the business day prior to the date that
the directors confirm the Subscription (0.725 pence per Ordinary Share as at
18 July 2025).

 

 Participating Director  Role                                              New Ordinary Shares subscribed for  Resulting number of Ordinary Shares held  % of enlarged issued share capital
 Bob Moore               Executive Chairman & Chief Executive Officer      3,065,134                           12,105,134                                3.91%
 Dr. Nigel Burton        Non-Executive Director                            7,662,835                           10,142,835                                3.27%

 

Related party transaction

 

Bob Moore and Dr. Nigel Burton are directors of the Company and as such are
considered related parties of the Company for the purposes of the AIM Rules
for Companies. The participation of Bob Moore and Dr. Nigel Burton in the
Fundraise constitutes a related party transaction pursuant to Rule 13 of the
AIM Rules for Companies. The Company's independent director (being Dr. Chris
Potts, Non-Executive Director), having consulted with the Company's nominated
adviser, Singer Capital Markets Advisory LLP, considers that the terms of the
participation of Bob Moore and Dr. Nigel Burton in the Fundraise are fair and
reasonable insofar as the Company's shareholders are concerned.

 

Admission to trading

 

Application will be made to the London Stock Exchange plc for admission of the
Subscription Shares totalling 10,727,969 Ordinary Shares to trading on AIM. It
is expected that admission will become effective and dealings in the
Subscription Shares will commence at 8.00 a.m. on or around 23 July 2025.

 

Total Voting Rights

 

Following the issue of the Subscription Shares as described above, the
Company's issued ordinary share capital will consist of 309,906,154 Ordinary
Shares. The Company does not hold any Ordinary Shares in Treasury.

 

Therefore, the above figure may be used by shareholders in the Company as the
denominator for the calculation 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.

 

Capitalised terms not otherwise defined in the text of this announcement have
the meanings given in the announcemend dated 10 June 2025.

 

 

- Ends -

 

 Metir plc                                                      +44 (0) 20 3657 0050

 Bob Moore, Executive Chairman and Chief Executive Officer       via Turner Pope

 Singer Capital Markets (Nominated Adviser & Joint Broker)      +44 (0) 20 7496 3000

 Alex Bond / Oliver Platts

 Turner Pope Investments (TPI) Limited (Joint Broker)           +44 (0) 20 3657 0050

 Andy Thacker / James Pope

 Northstar Communications (Investor Relations)                  +44 (0) 113 730 3896

 Sarah Hollins

 

About Metir

Metir plc is a leading global provider of mobile and point-of-use water and
environmental testing technology. Through its two established divisions,
Modern Water and Microsaic Systems, the Company develops and supplies
innovative, easy-to-use solutions that deliver rapid, accurate water quality
results, helping industries, utilities, and regulators monitor safety and
compliance in real time.

With a strong focus on data-driven insight and field-ready design, Metir's
technology supports critical decision-making across sectors, including
environmental monitoring, public health, and industrial process management.

Headquartered in York, UK, Metir serves worldwide customers and is dedicated
to advancing water testing standards through innovative, accessible solutions.

For more information, please visit  https://www.metirplc.com
(https://www.metirplc.com)

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                                          1.    Bob Moore

                                                                                   2.    Dr. Nigel Burton
 2   Reason for notification
 a)  Position/Status                                                               1.    Executive Chairman & Chief Executive Officer

                                                                                   2.    Non-Executive Director
 b)  Initial notification/Amendment                                                Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                                          Metir Plc
 b)  LEI                                                                           213800P1VXZSD3US5N79
 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 0.001 pence each

                                                                                   GB00BMWC8365

     Identification code                                                           AIM: MET
 b)  Nature of the transaction                                                     Subscription for ordinary shares of 0.001 pence each
 c)  Price(s) and volume(s)                                                        Price(s)  Volume(s)
                                                                                   1.  0.6525p   3,065,134
                                                                                   2.  0.6525p   7,662,835
 d)  Aggregated information                                                        N/A

     -  Aggregated volume

     -  Price
 e)  Date of the transaction                                                       21 July 2025

 f)  Place of the transaction                                                      London Stock Exchange, AIM

d)

Aggregated information

-  Aggregated volume

-  Price

N/A

e)

Date of the transaction

21 July 2025

 

f)

Place of the transaction

London Stock Exchange, AIM

 

 

 

 

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