EARNZ Seeks Shareholder Nod for Decarbonisation Acquisition
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EARNZ Seeks Shareholder Nod for Decarbonisation Acquisition

Verditek Plc (GB:EARN) has released an update.

EARNZ plc, an energy services company focused on global decarbonisation, is convening a general meeting to seek shareholder approval for increased share authority to fund a proposed acquisition and associated share placing. The company has recently completed acquisitions of two energy firms and is now targeting a family-owned company specializing in decarbonisation solutions, aiming to secure the deal for £7.5 million in cash and shares, pending due diligence. Shareholder approval is being expedited due to potential changes in the capital gains tax regime that could affect the deal.

For further insights into GB:EARN stock, check out TipRanks’ Stock Analysis page.

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