In the News
placing and notice of egm
June 09, 2008. London, UK
Nviro Cleantech plc (AIM:NVR), a leader in commercialising clean technologies, is pleased to announce that it has conditionally placed 22,222,223 New Ordinary Shares of 0.1 pence each in the Company (the ”Placing”) at a placing price of 45 pence per New Ordinary Share to raise £10 million.
The Placing is conditional, inter alia, on the passing of an appropriate resolution at the Company's Extraordinary General Meeting to be held on 2 July 2008, the New Ordinary Shares are expected to be admitted to trading on AIM on 8 July 2008. The New Ordinary Shares to be issued pursuant to the Placing will rank pari passu with the existing ordinary shares of 0.1 pence in the Company.
The gross proceeds of the Placing are £10 million, which will be used as follows:
|
£ million |
To fund capital expenditure and further commercial development of Nviro’s Vertus RTP units |
8.0 |
Continued development of Nviro’s portfolio of technologies |
1.0 |
General working capital |
0.4 |
Total (Net proceeds) |
9.4 |
Following the Admission of the New Ordinary Shares to trading on AIM there will be 66,043,184 Ordinary Shares in issue.
Placing statistics:
Placing Price per New Ordinary Share |
45 pence |
Number of New Ordinary Shares being issued pursuant to the Placing |
22,222,223 |
Number of Ordinary Shares in issue following the Placing |
66,043,184 |
Gross proceeds of the Placing |
£10 million |
Notice of EGM
A circular and accompanying letter will be sent to shareholders today providing information about the Placing and convening an extraordinary general meeting (”EGM”) of shareholders. The EGM will be held at 11am on 2 July 2008 at Burleigh Manor, Peel Road, Douglas, Isle of Man, IM1 5EP. A copy of the circular and accompanying letter to shareholders will be available to download from the Company's website www.nvirocleantech.com
Commenting on the placing, CEO Chris Every, said: ”We are delighted with the Company’s progress since the AIM listing last August, in particular with our Vertus clean coal subsidiary which has signed significant agreements in the USA, China and India. This Placing will help us to accelerate the commercialisation and roll-out of Vertus worldwide. We look forward to further exploiting the vast global market opportunities in clean coal and biomass.”
For further information:
Nviro Cleantech plc
Chris Every, Chief Executive Officer
Tel: +44 (0) 20 7451 2473
cevery@nvirocleantech.com
Grant Thornton Corporate Finance - Nominated Adviser
Fiona Owen / Troy MacDonald
Tel: +44 (0) 20 7383 5100
Fairfax I.S. PLC - Broker
Ewan Leggat - eleggat@fairfaxis.com
Tel: +44 (0) 20 7598 5368
Media enquiries:
Abchurch Communications Limited
Justin Heath/Monique Tsang - monique.tsang@abchurch-group.com
Tel: +44 (0) 20 7398 7712
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Notice of Preliminary Results November 27, 2008
The Company, announces notice of their Preliminary Results for 2008

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Trading Update October 01, 2008
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Result of EGM July 02, 2008
The Company, announces the result of the Extraordinary General Meeting
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Grant of UK Patent June 17, 2008
Nviro Cleantech plc, is pleased to announce the granting of UK patent for MDF recycling technology
Placing and Notice of EGM June 09, 2008
The Company, announces it has conditionally placed New Ordinary Shares to raise £10 million
Interim Results June 09, 2008
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Holding(s) in Company May 23, 2008
Renerg Technologies Limited has purchased 2,000,000 ordinary shares in Nviro Cleantech
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Holding(s) in Company May 15, 2008
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New clean coal client May 06, 2008
Nviro Cleantech Plc announces Vertus Technologies’ first China JV clean coal client
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Result of AGM March 27, 2008
Nviro Cleantech Plc announces the results of the Company's Annual General Meeting
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Vertus Contract March 14, 2008
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Annual Report March 4, 2008
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Preliminary Results November 23, 2007
Nviro Cleantech Plc announces its maiden preliminary results for the year ended 30 September 2007
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Director Appointment October 12, 2007
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Agreement with CLP India October 12, 2007
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Director Shareholding August 29, 2007
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Nviro Cleantech joins AIM August 6, 2007
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Intention to float on AIM June 25, 2007
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Chinese JV June 02, 2007
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Appointment of Chairman, James Dickson Leach January 11, 2007
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Pre-IPO Funding December 19, 2006
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New appointments to Board of Directors December 27, 2006










