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PKF has recently supported European Green Transition (EGT) plc on its fundraise and admission to trading on AIM.
The company has raised gross proceeds of £6.45m before expenses, through the placing and subscription of 64,495,890 new ordinary shares, at a price of £0.10 per share.
EGT capitalises on the opportunities created by the green economy and energy transition in Europe.
Its vision is to build a portfolio of high-quality green economy assets – including, solar and wind farms, rehabilitation and processing projects, and more – through an M&A focused-model. They have already acquired a portfolio of assets, notably its principal Olserum Rare Earth Element (REE) project.
On completion of admission, the company also intends to make an offer on the Bookbuild platform of new ordinary shares at the placing price for up to £0.5m.
PKF acted as reporting accountant on the transaction and the Capital Markets team included Joseph Baulf and Sam Bradshaw.
Jack Kelly, CFO, European Green Transition, said: “EGT would like to thank the PKF Transaction Services team for the exceptional service provided as part of our £6.4m fundraise and IPO of European Green Transition plc on AIM.
“The PKF team supported us throughout the entire project, providing excellent technical and commercial advice while meeting all project timelines and responding to all our questions in a timely manner. We look forward to continuing our relationship with PKF going forward.”
