European Green Transition plc (AIM: EGT) Result of fundraise via placing and subscription

European Green Transition plc (AIM: EGT), a company focused on acquiring, integrating and optimising revenue-generating and profitable services businesses in the critical infrastructure sector, announces that, further to its announcement made yesterday (the “Launch Announcement”) regarding the launch of the proposed placing and subscription (the “Fundraise”), the Company has conditionally raised gross proceeds of £7.5 million in aggregate, via the placing of 64,778,653 new Ordinary Shares of 0.25 pence each (“Ordinary Shares”) by way of the Placing and 60,221,347 new Ordinary Shares by way of the Subscription, at the Issue Price of 6 pence per Ordinary Share.

This included the conversion of £1.5 million into 25,000,000 new Ordinary Shares at the Issue Price pursuant to the Bridge Facilities as further set out in the Launch Announcement.

The Placing Shares and Subscription Shares represent in aggregate 86% of the issued ordinary share capital of the Company prior to the Placing and Subscription.

Oak Securities (a trading name of Merlin Partners LLP) acted as broker and sole bookrunner in connection with the Placing. 

The net proceeds of the Fundraise are to be used to:

·    repay £1.5 million of the Bridge Facilities with the remaining £1.5 million facility held by Roaring Waters Capital Limited automatically converting into 25,000,000 new Ordinary Shares as part of the Fundraise at the Issue Price in accordance with the terms of that facility;

·    strengthen the balance sheet of the enlarged group;

·    support the continued development and growth of the O&M Business, including the delivery of the repowering pipeline and projected growth initiatives; and

·    pursue selective strategic bolt-on acquisitions to support expansion of services across the critical infrastructure sector in the UK, Ireland, and Europe.

The Fundraise is a key milestone in EGT’s medium-term target of £50 million Group revenue and double-digit EBITDA margins driven primarily through organic growth and strategic bolt-on acquisitions across the critical infrastructure space in the UK, Ireland, and Europe, such as water, energy, roads, and data centres.

Cathal Friel, Co-founder and Executive Chair of European Green Transition plc said: “We are delighted by the exceptional level of demand from both new and existing investors for this fundraise, which was upsized from c.£5 million to £7.5 million and was significantly oversubscribed. We believe the quality and scale of interest, including from institutions, strongly validates the transaction we completed in recent weeks, acquiring an established, EBITDA profitable onshore wind turbine operations, maintenance, repair, and remote monitoring business.

“Through the Earthmill, WEP and Silverford platforms, we can deploy single or twin turbine systems to help energy users move towards energy independence, allowing businesses to lock in predictable power costs for 10-15 years while reducing exposure to fluctuations in oil and gas prices. Recent reductions in battery storage costs, together with the availability of fully reconditioned 850kW turbines enable us to offer complete, turnkey systems to mid-sized energy users across the UK and Ireland at a fraction of the cost seen just a few years ago. We believe this positions us well to capture what we believe will be a significant growth opportunity in distributed wind over the coming years.

“With £7.5 million conditionally raised, EGT will be debt free and strongly positioned for its next phase of growth. We have clear visibility over both near- and long-term revenues and an experienced team in place to execute our strategy, scale the business rapidly and achieve our medium-term target of £50m revenue and double-digit EBITDA margins. Our focus remains on executing our strategy and creating sustainable long-term value for our shareholders.”

Related Party Transaction

Raglan Road Capital Limited (“Raglan Capital”), which is controlled by Cathal Friel, Executive Chair of the Company, holds an interest in 13.8% of the Company’s Ordinary Shares directly. Cathal Friel holds an interest in 5.3% of Ordinary Shares and is a director of both the Company and Raglan Capital. Raglan Capital, deemed as a Related Party pursuant to Rule 13 of the AIM Rules for Companies, has conditionally subscribed for 3,333,333 new Ordinary Shares in the Fundraise at the Issue Price, equating to a total aggregate subscription of £200,000. 

Raglan Capital’s participation in the Fundraise constitutes a related party transaction pursuant to AIM Rule 13. The directors independent of Raglan Capital’s participation in the Fundraise (being Daniel Akselson, James Leahy and Mick Kearney) consider, having consulted with Panmure Liberum, the Company’s nominated adviser for the purposes of the AIM Rules, that the terms of the participation in the Fundraise by Raglan Capital are fair and reasonable insofar as Shareholders are concerned.

Notice of General Meeting

The Fundraise is conditional upon, amongst other things, the passing of the resolutions required to implement the Fundraise being duly passed by shareholders of the Company at a general meeting.  A Circular containing further details of the Placing, the Subscription and the Notice of General Meeting to take place at the offices of DAC Beachcroft LLP at The Walbrook Building, 25 Walbrook, London EC4N 8AF on 30 March 2026 at 9:30 a.m., is expected to be despatched to Shareholders on or around 13 March 2026 and will thereafter be available on the Company’s website www.europeangreentransition.com.

Admission

Application will be made to London Stock Exchange plc for 125,000,000 new Ordinary Shares to be admitted to trading on AIM (“Admission”). It is expected that Admission will become effective and that dealings in the new Ordinary Shares will commence at 8.00 a.m. on 31 March 2026, subject to the Resolutions being approved by shareholders at the General Meeting.

The new Ordinary Shares will, when issued, be credited as fully paid and will be issued subject to the Company’s articles of association and will rank pari passu in all respects with the Existing Ordinary Shares.

The person responsible for arranging this announcement on behalf of the Company is Jack Kelly, CFO of the Company.

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