Eneraqua Technologies float on AIM and qualify for London Stock Exchange's Green Economy Mark
November 2021
Eneraqua Technologies is a specialist in energy and water efficiency. The principal activity of the Group is the provision of turnkey solutions for decarbonisation through heating and hot water systems for multiple occupancy social housing and commercial projects. In addition, the Group delivers water efficiency upgrades for utilities and commercial clients such as hotels and care homes. These activities are underpinned by the Company’s wholly-owned intellectual property, the Control Flow HL2024 family of products which reduce water wastage and improve the performance of heating and hot water systems.
The Group’s services are split into two divisions: energy and water. Energy is the larger division, with the Company focused on clients with end of life gas, oil or electric heating and hot water systems. The Group provides turnkey retrofit district or communal heating systems based either on high-efficiency gas or ground/air source heat pump solutions. The incorporation of the Control Flow HL2024 products into these systems helps improve performance and reduce costs for both the property owner and resident.
The water division is a growing service offering focused on water efficiency upgrades utilising the patented Control Flow HL2024 technology. Control Flow HL2024 is a pressure independent flow control family of products which reduce water wastage and improve end user experience by reducing the fluctuations in flow which occur in systems. As well as controlling the input flow into properties, Control Flow HL2024 can also be used for individual showers to reduce temperature fluctuations.
Admission to Trading on AIM
On 22nd November 2021, admission and dealings on AIM commenced by way of a Placing of 4,332,129 New Ordinary Shares and 2,886,250 Sale Shares at 277 pence per share.
London Stock Exchange’s Green Economy Mark
Eneraqua Technologies has received London Stock Exchange’s Green Economy Mark. This classification, first introduced in 2019, was created to highlight companies and investment funds listed on all segments of London Stock Exchange’s Main Market and AIM that are driving the global green economy. To qualify for the Green Economy Mark, companies and funds must generate 50% or more of their total annual revenues from products and services that contribute to the global green economy.
The Perivan shareholder communications team were delighted to work with finnCap Capital Markets who were appointed as Nominated Adviser and Broker to Eneraqua, on the successful publication of the 140-page admission document.
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Perivan specialise in the production and publication of financial documents relating to shareholder and investor communications for quoted companies, private companies and open and closed-ended funds.
