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Verditek plc

Result of Placing

Verditek plc ("Verditek" or the "Company"), the international clean technology company that develops, manufactures and sells certified lightweight solar panels, is pleased to announce that it has raised gross proceeds of £ 3,500,000 as a result of the placing announced earlier today (the "Placing"). Terms and expressions in this announcement will have the same meaning as in that announcement.

A total of 43,750,000 Placing Shares in the Company have been placed by WH Ireland with institutional and other investors at a price of 8 pence per Placing Share ("Issue Price").

The Issue Price represents a 8.57 per cent. discount to the closing price of Ordinary Shares on 27 October 2020 (being the last business day prior to the announcement of the Placing).

Application has been made for 43,750,000 Placing Shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur on 4 November 2020. Following Admission of the Placing Shares, Verditek will have 341,172,443 Ordinary Shares in issue and admitted to trading on AIM. 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 Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

Enquiries:

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.