Latest News:

Latest news and archived news from Fairfax.

Latest News

line

10 June 2008
Fairfax raise £10m for Nviro Cleantech plc
Fairfax I.S. PLC (“Fairfax”) has successfully raised £10m for Nviro Cleantech plc (the “Company”) in a secondary fundraising.

Nviro Cleantech plc is a leader in commercialising clean technologies. The proceeds of the placing will be primarily used to fund the commercialisation and international roll-out of its lead project, Vertus RTP Technology.

Further information on the Company is available on the Company's website at www.nvirocleantech.com

The Placing is conditional, inter alia, on the passing of an appropriate resolution at the Company's Extraordinary General Meeting to be held on 2 July 2008, the New Ordinary Shares are expected to be admitted to trading on AIM on 8 July 2008.

Placing statistics:
Placing Price per New Ordinary Share 45p
Number of placing shares 22,222,223
Number of Ordinary Shares in issue following the Placing 66,043,184
Gross proceeds of the Placing £10 million