Verditek (VDTK)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 4.15p
   
  • Change Today:
      0.000p
  • 52 Week High: 7.50
  • 52 Week Low: 1.98
  • Currency: UK Pounds
  • Shares Issued: 289.39m
  • Volume: 171,219
  • Market Cap: £12.01m

Verditek snaps up remaining share of solar subsidiary

By Duncan Ferris

Date: Friday 17 May 2019

LONDON (ShareCast) - (Sharecast News) - Verditek on Friday took complete control of Greenflex Energy Limited, which had previously been its 51% owned subsidiary, and liquidated asset holding company Greenflex RSM.
The AIM-listed company said that gaining complete control of the subsidiary and assets has allowed Verditek Solar Italy to quickly refurbish manufacturing facilities and refine the formulation of lightweight PV modules, resulting in a novel solar PV product that is significantly lighter and easier to install than conventional panels.

This in turn has opened up new market opportunities with clients who could not consider a solar solution due to the weight and installation challenges of conventional panels.

Chief executive Geoff Nesbitt said: "The acquisition of the minority interest in Greenflex Energy and liquidation of Greenflex RSM allows us to operate decisively. A tremendous amount of work and commitment has been invested to turn this facility around and it will be gratifying to benefit fully from our efforts."

Verditek's shares were down 3.10% at 7.51p at 1057 BST.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Verditek Market Data

Currency UK Pounds
Share Price 4.15p
Change Today 0.000p
% Change 0.00 %
52 Week High 7.50
52 Week Low 1.98
Volume 171,219
Shares Issued 289.39m
Market Cap £12.01m

Verditek Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.16% above the market average12.16% above the market average12.16% above the market average12.16% above the market average12.16% above the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Price Trend
8.43% below the market average8.43% below the market average8.43% below the market average8.43% below the market average8.43% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Income Not Available
Growth Not Available

Verditek Dividends

No dividends found

Trades for 26-May-2020

Time Volume / Share Price
08:17 71,579 @ 4.18p
08:17 92,896 @ 4.03p
08:04 6,744 @ 4.18p

Verditek Key Personnel

CEO Robert Richards

Top of Page