TPI provides its latest research note on DeepVerge plc (DVRG.L).

With DeepVerge’s recommended all share Offer (‘the Offer’) for Modern Water plc (‘Modern Water’, AIM:MWG) having being declared unconditional on 3 November 2020, new DeepVerge shares representing c.77.5% of Modern Water were yesterday Admitted to trading.

The Merger, which was originally announced on 28 August 2020 along with a 10:1 consolidation (effective 15 September 2020) of the then Integumen plc’s equity, was followed by the Group’s official renaming on 6 October 2020. The shares of both companies have staged a dramatic revaluation since their first cooperation, which came in the form of a revenue-sharing and manufacturing agreement that was announced on 18 March 2020.

Subsequent and particularly timely initiatives, developed with a series of collaborative partners in response to the coronavirus Pandemic, have served to highlight the potential for value creation through the combining of their skillsets, technologies and international reach, along with management teams that are ‘switched on’ to the prospectively huge long-term opportunities being presented through the ongoing health crisis.

Having already demonstrated an ability to leapfrog giant corporations with their development of user-friendly, real-time COVID-19 detection and alert systems and thereby identify products that appear set to become embedded within the daily routine of global populations desperate to return to some sort of ‘normality’, DeepVerge’s ability to adequately service the overwhelming international demand it prospectively faces may become the most significant challenge going forward as it seeks to satisfy what has potential to become an exceptionally rewarding, high-margin opportunity.

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We would draw your attention to the various disclaimers in the document both at the beginning and at the end of the note. Retail clients (as defined by the rules of the FCA) must not rely on the research document. In particular you should note that the research document is a non-independent marketing communication. The analyst who has prepared the research is aware that TPI provides research to DeepVerge plc. Accordingly the research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibitions on dealing ahead of its dissemination.

The information in the document is published solely for information purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. The material contained in the document is general information intended for recipients who understand the risks associated with equity investment in smaller companies. It does not constitute a personal recommendation as defined by the FCA or take into account the particular investment objectives, financial situation or needs of individual investors nor provide any indication as to whether an investment, a course of action or the associated risks are suitable for the recipient.

Copyright © 2019 Turner Pope Investments (TPI) Limited, all rights reserved.

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