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Verditek Plc ( (GB:EARN) ) has provided an announcement.
EARNZ plc reported that all resolutions at its general meeting were approved, enabling the allotment of 101,109,432 new ordinary shares through a placing, initial consideration shares and a retail offer. These shares are expected to be admitted to trading on AIM around 31 March 2026 and will rank pari passu with existing stock, taking the company’s total voting share capital to 235,017,794.
With the shareholder approvals in place and admission of the new shares anticipated, EARNZ expects to complete its acquisition of Zero Carbon Group Limited on 31 March 2026. The enlarged capital base and Zero Carbon acquisition are set to strengthen EARNZ’s position in the decarbonisation-focused energy services market and may alter shareholder holdings subject to disclosure thresholds.
The most recent analyst rating on (GB:EARN) stock is a Hold with a £5.50 price target. To see the full list of analyst forecasts on Verditek Plc stock, see the GB:EARN Stock Forecast page.
Spark’s Take on EARN Stock
According to Spark, TipRanks’ AI Analyst, EARN is a Neutral.
The score is held down primarily by weak financial performance (ongoing losses and negative cash flow). Technical indicators are supportive with improving momentum and price above key moving averages, but valuation remains constrained by the company being loss-making and lacking a dividend yield.
To see Spark’s full report on EARN stock, click here.
More about Verditek Plc
EARNZ plc is an AIM-quoted energy services company focused on capitalising on the global drive for decarbonisation. The Group targets opportunities that support the transition to lower-carbon energy systems, positioning itself in markets where demand for decarbonisation solutions is accelerating.
Average Trading Volume: 99,158
Technical Sentiment Signal: Strong Sell
Current Market Cap: £6.36M
For an in-depth examination of EARN stock, go to TipRanks’ Overview page.