Board Change • May 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non Executive Director Jason De Silviera was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • May 05
SRJ Technologies Group Plc has completed a Follow-on Equity Offering in the amount of AUD 2.570565 million. SRJ Technologies Group Plc has completed a Follow-on Equity Offering in the amount of AUD 2.570565 million.
Security Name: Chess Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 285,618,291
Price\Range: AUD 0.009
Discount Per Security: AUD 0.00054
Transaction Features: Subsequent Direct Listing Aankondiging • May 02
SRJ Technologies Group Plc has filed a Follow-on Equity Offering in the amount of AUD 2.570565 million. SRJ Technologies Group Plc has filed a Follow-on Equity Offering in the amount of AUD 2.570565 million.
Security Name: Chess Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 285,618,291
Price\Range: AUD 0.009
Discount Per Security: AUD 0.00054
Transaction Features: Subsequent Direct Listing Board Change • Dec 24
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). MD of UK, Europe & Middle East, Head of EMEA and Executive Director Roger Smith is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Aankondiging • Nov 13
SRJ Technologies Group Plc, Annual General Meeting, Dec 04, 2025 SRJ Technologies Group Plc, Annual General Meeting, Dec 04, 2025. New Risk • Aug 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 79% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (79% increase in shares outstanding). Market cap is less than US$10m (AU$8.87m market cap, or US$5.69m). Minor Risk Revenue is less than US$5m (UK£2.1m revenue, or US$2.8m). Aankondiging • Aug 22
SRJ Technologies Group Plc has completed a Follow-on Equity Offering in the amount of AUD 2.535393 million. SRJ Technologies Group Plc has completed a Follow-on Equity Offering in the amount of AUD 2.535393 million.
Security Name: Chess Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 288,242,500
Price\Range: AUD 0.004
Discount Per Security: AUD 0.00024
Security Name: Chess Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 345,605,857
Price\Range: AUD 0.004
Discount Per Security: AUD 0.00024
Transaction Features: Rights Offering Board Change • Aug 18
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). MD of UK, Europe & Middle East, Head of EMEA and Executive Director Roger Smith is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Aankondiging • Aug 01
SRJ Technologies Group Plc has filed a Follow-on Equity Offering in the amount of AUD 2.53 million. SRJ Technologies Group Plc has filed a Follow-on Equity Offering in the amount of AUD 2.53 million.
Security Name: Chess Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 287,500,000
Price\Range: AUD 0.004
Discount Per Security: AUD 0.00024
Security Name: Chess Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 345,000,000
Price\Range: AUD 0.004
Discount Per Security: AUD 0.00024
Transaction Features: Rights Offering Aankondiging • Jul 25
SRJ Technologies Group Plc has completed a Follow-on Equity Offering in the amount of AUD 0.356603 million. SRJ Technologies Group Plc has completed a Follow-on Equity Offering in the amount of AUD 0.356603 million.
Security Name: CHESS DEPOSITARY INTERESTS
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 89,150,830
Price\Range: AUD 0.004
Transaction Features: Subsequent Direct Listing Aankondiging • Jul 24
SRJ Technologies Group Plc has filed a Follow-on Equity Offering in the amount of AUD 0.356603 million. SRJ Technologies Group Plc has filed a Follow-on Equity Offering in the amount of AUD 0.356603 million.
Security Name: CHESS DEPOSITARY INTERESTS
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 89,150,831
Price\Range: AUD 0.004
Transaction Features: Subsequent Direct Listing New Risk • Sep 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 316% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-UK£221k). Shareholders have been substantially diluted in the past year (316% increase in shares outstanding). Minor Risks Revenue is less than US$5m (UK£2.1m revenue, or US$2.8m). Market cap is less than US$100m (AU$32.9m market cap, or US$22.3m). Aankondiging • Aug 21
SRJ Technologies Group Plc (ASX:SRJ) completed the acquisition of Air Control Entech Limited. SRJ Technologies Group Plc (ASX:SRJ) Share Purchase Agreement to acquire Air Control Entech Limited for £13.1 million on July 24, 2024. Under the terms of agreement, consideration payable by the Company to ACE shareholders will comprise a combination of ordinary shares in SRJ (traded on the ASX as CHESS Depositary Interests, CDIs) and cash, with ACE shareholders (Sellers) holding approximately 28% of the issued share capital in SRJ on completion of the acquisition (Completion). Acquisition of ACE for consideration amount of approximately £4.5 million (being approximately AUD 8.6 million) in cash and the balance by the issue of 175,249,279 New CDIs (Consideration CDIs) (with an implied value of approximately AUD 9.6 million at the Offer Price) - equivalent to approximately 5.8x ACE’s FY24E EBITDA. On completion of the transaction, the Sellers will hold approximately 28% of SRJ on an undiluted basis which will be subject to voluntary escrow arrangements for a period of 24 months for management sellers and 6 to 12 months for all other sellers. The Company is undertaking a capital raising via an offer of CDIs to raise up to £7.17 million (AUD 14 million) to fund the cash component of the purchase price for ACE and provide working capital for the Combined Group post-completion (Offer).
The Board currently comprises of Robin Pinchbeck (Non-Executive Chair), Alexander Wood (Executive Director and Chief Executive Officer) and Roger Smith (Executive Director). Giles Bourne will be appointed to the SRJ Board as a Non-Executive Director with effect from completion of the Acquisition. Stefan McGreevy, the current Chief Financial Officer, will also be appointed to the SRJ Board as an Executive Director with effect from completion of the Acquisition.
The acquisition is subject to customary conditions including SRJ obtaining the required shareholder approvals for the capital raising and issue of the scrip consideration and approval of the acquisition under the National Security and Investments Act 2021 (UK). The Acquisition and the Offer are subject to Shareholder approval, which will be sought at SRJ’s Annual General Meeting (AGM) scheduled for August 13, 2024. Settlement of the Offer is conditional upon the Acquisition Agreement becoming unconditional. Completion of the acquisition is expected to take place on or around August 21, 2024, subject to the conditions precedent having been satisfied or waived (when capable of waiver). As of August 2, 2024, SRJ Technologies Group has received clearance under the National Security and Investment Act 2021 (UK) to proceed with the proposed acquisition of Air Control Entech. The acquisition remains subject to other customary conditions including SRJ obtaining the required shareholder approvals for the capital raising and issue of the scrip consideration in connection with the acquisition. On August 20, 2024, SRJ Technologies Group Plc (ASX:SRJ) issued 245,454,545 new CDIs in connection with the placement.
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SRJ Technologies Group Plc (ASX:SRJ) completed the acquisition of Air Control Entech Limited on August 21, 2024. Aankondiging • Jul 26
SRJ Technologies Group Plc, Annual General Meeting, Aug 13, 2024 SRJ Technologies Group Plc, Annual General Meeting, Aug 13, 2024. Aankondiging • Jul 24
SRJ Technologies Group Plc (ASX:SRJ) Share Purchase Agreement to acquire Air Control Entech Limited for £13.1 million. SRJ Technologies Group Plc (ASX:SRJ) Share Purchase Agreement to acquire Air Control Entech Limited for £13.1 million on July 24, 2024. Under the terms of agreement, consideration payable by the Company to ACE shareholders will comprise a combination of ordinary shares in SRJ (traded on the ASX as CHESS Depositary Interests, CDIs) and cash, with ACE shareholders (Sellers) holding approximately 28% of the issued share capital in SRJ on completion of the acquisition (Completion). Acquisition of ACE for consideration amount of approximately £4.5 million (being approximately AUD 8.6 million) in cash and the balance by the issue of 175,249,279 New CDIs (Consideration CDIs) (with an implied value of approximately AUD 9.6 million at the Offer Price) - equivalent to approximately 5.8x ACE’s FY24E EBITDA. On completion of the transaction, the Sellers will hold approximately 28% of SRJ on an undiluted basis which will be subject to voluntary escrow arrangements for a period of 24 months for management sellers and 6 to 12 months for all other sellers. The Company is undertaking a capital raising via an offer of CDIs to raise up to £7.17 million (AUD 14 million) to fund the cash component of the purchase price for ACE and provide working capital for the Combined Group post-completion (Offer).
The Board currently comprises of Robin Pinchbeck (Non-Executive Chair), Alexander Wood (Executive Director and Chief Executive Officer) and Roger Smith (Executive Director). Giles Bourne will be appointed to the SRJ Board as a Non-Executive Director with effect from completion of the Acquisition. Stefan McGreevy, the current Chief Financial Officer, will also be appointed to the SRJ Board as an Executive Director with effect from completion of the Acquisition.
The acquisition is subject to customary conditions including SRJ obtaining the required shareholder approvals for the capital raising and issue of the scrip consideration and approval of the acquisition under the National Security and Investments Act 2021 (UK). The Acquisition and the Offer are subject to Shareholder approval, which will be sought at SRJ’s Annual General Meeting (AGM) scheduled for August 13, 2024. Settlement of the Offer is conditional upon the Acquisition Agreement becoming unconditional. Completion of the acquisition is expected to take place on or around August 21, 2024, subject to the conditions precedent having been satisfied or waived (when capable of waiver). Board Change • Jul 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD of UK, Europe & Middle East, Head of EMEA and Executive Director Roger Smith was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD of UK, Europe & Middle East, Head of EMEA and Executive Director Roger Smith was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 02
SRJ Technologies Group Plc has completed a Follow-on Equity Offering in the amount of AUD 0.60125 million. SRJ Technologies Group Plc has completed a Follow-on Equity Offering in the amount of AUD 0.60125 million.
Security Name: CHESS DEPOSITARY INTERESTS
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 8,016,666
Price\Range: AUD 0.075
Transaction Features: Subsequent Direct Listing Aankondiging • Mar 22
SRJ Technologies Group Plc has filed a Follow-on Equity Offering in the amount of AUD 0.60125 million. SRJ Technologies Group Plc has filed a Follow-on Equity Offering in the amount of AUD 0.60125 million.
Security Name: CHESS DEPOSITARY INTERESTS
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 8,016,666
Price\Range: AUD 0.075
Transaction Features: Subsequent Direct Listing Board Change • Mar 12
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD of UK, Europe & Middle East, Head of EMEA and Executive Director Roger Smith was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD of UK, Europe & Middle East, Head of EMEA and Executive Director Roger Smith was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 10
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD of UK, Europe & Middle East, Head of EMEA and Executive Director Roger Smith was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD of UK, Europe & Middle East, Head of EMEA and Executive Director Roger Smith was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD of UK, Europe & Middle East, Head of EMEA and Executive Director Roger Smith was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD of UK, Europe & Middle East, Head of EMEA and Executive Director Roger Smith was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 01
SRJ Technologies Group Plc has completed a Follow-on Equity Offering in the amount of AUD 1.2 million. SRJ Technologies Group Plc has completed a Follow-on Equity Offering in the amount of AUD 1.2 million.
Security Name: CHESS DEPOSITARY INTERESTS
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 17,142,857
Price\Range: AUD 0.07
Discount Per Security: AUD 0.0035
Transaction Features: Subsequent Direct Listing Board Change • Sep 15
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD of UK, Europe & Middle East, Head of EMEA and Executive Director Roger Smith was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 30
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD of UK, Europe & Middle East, Head of EMEA and Executive Director Roger Smith was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD of UK, Europe & Middle East, Head of EMEA and Executive Director Roger Smith was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 12
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD of UK, Europe & Middle East, Head of EMEA and Executive Director Roger Smith was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 23
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD of UK, Europe & Middle East, Head of EMEA and Executive Director Roger Smith was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 04
Full year 2022 earnings released: UK£0.03 loss per share (vs UK£0.037 loss in FY 2021) Full year 2022 results: UK£0.03 loss per share (improved from UK£0.037 loss in FY 2021). Revenue: UK£932.2k (up 189% from FY 2021). Net loss: UK£3.23m (loss narrowed 27% from FY 2021). Board Change • Feb 03
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD of UK, Europe & Middle East and Executive Director Roger Smith was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Jan 16
SRJ Technologies Group plc Announces Board Changes SRJ Technologies Group Plc (SRJ) announced that Mr. Grant Mooney has resigned as a non-executive director of SRJ and has been replaced by Mr. Roger Smith in an executive director capacity. Mr. Mooney's resignation will take immediate effect. Mr. Mooney has been a non-executive director of SRJ since 2 June 2020. He served as a Chairman of the Audit and Risk Committee and a member of the Remuneration and Nominations Committee since their inception. The Board is pleased to appoint Mr. Roger Smith as an executive director with immediate effect. Roger is SRJ's Managing Director of UK, Europe and Middle East for SRJ and a senior member of the executive management team. Prior to this Mr. Smith had been the Non-Executive Chairman of SRJ for 4 years. Mr. Smith joined SRJ with over 35 years' experience in the oil and gas industry, having served as a Senior Vice President of Petrofac Plc and as a Non-Executive Director of Haydale Graphene Industries plc. He has also held the post of commercial Director with Bureau Veritas. SRJ Chair, Rob Pinchbeck highlighted the significant experience that Roger will bring to the role and welcomed him to the Board. This announcement has been approved by the Chief Executive Officer. Board Change • Jan 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Grant Mooney was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.