New Risk • Jul 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.17m (US$9.60m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (96% increase in shares outstanding). Market cap is less than US$10m (UK£7.17m market cap, or US$9.60m). Tillkännagivande • May 27
EARNZ plc, Annual General Meeting, Jun 23, 2026 EARNZ plc, Annual General Meeting, Jun 23, 2026. Location: the earnzs office, blackwell house, guildhall yard, ec2v 5ae, london United Kingdom Tillkännagivande • Mar 31
EARNZ plc (AIM:EARN) acquired Zero Carbon Group Limited on March 31, 2026. EARNZ plc (AIM:EARN) signed a conditional sale and purchase agreement to acquire Zero Carbon Group Limited on March 11, 2026. A cash consideration of £1.5 million will be paid by EARNZ plc. The consideration consists of common equity of EARNZ plc having a value of £1.5 million to be issued for common equity of Zero Carbon Group Limited. EARNZ plc will pay an earnout/contingent payment of £3.7 million cash and of £2.8 million common equity. As part of consideration, £9.5 million is paid towards common equity of Zero Carbon Group Limited.
EARNZ plc (AIM:EARN) completed the acquisition of Zero Carbon Group Limited on March 31, 2026. New Risk • Mar 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (130% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (UK£11.2m market cap, or US$14.8m). Tillkännagivande • Mar 14
EARNZ plc has completed a Follow-on Equity Offering in the amount of £0.055472 million. EARNZ plc has completed a Follow-on Equity Offering in the amount of £0.055472 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,109,432
Price\Range: £0.05 Tillkännagivande • Feb 21
Earnz plc Launches New Interactive Investor Hub Earnz PLC announced the launch of interactive investor hub. For both existing and prospective shareholders, the new investor hub brings all Earnz PLC content into a single integrated platform to better inform and engage with investors and stakeholders, including: Regulatory announcements; Reports; Educational material; Interviews; Corporate research. The investor hub also provides an interactive online experience allowing the Earnz PLC stakeholders to comment on and ask the Earnz PLC team questions via a portal which will be monitored and responded to in a timely manner. New Risk • Oct 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.36m (US$9.82m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 2.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Market cap is less than US$10m (UK£7.36m market cap, or US$9.82m). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Significant insider selling over the past 3 months (UK£150k sold). New Risk • Sep 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% 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 Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 4.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risks Significant insider selling over the past 3 months (UK£157k sold). Market cap is less than US$100m (UK£7.70m market cap, or US$10.4m). Tillkännagivande • Sep 12
EARNZ plc has completed a Follow-on Equity Offering in the amount of £1 million. EARNZ plc has completed a Follow-on Equity Offering in the amount of £1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,888,888
Price\Range: £0.072
Transaction Features: Regulation S; Subsequent Direct Listing Recent Insider Transactions • Jul 16
Non-Executive Chairman recently sold UK£150k worth of stock On the 14th of July, Robert Holt sold around 3m shares on-market at roughly UK£0.06 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Robert has been a net seller over the last 12 months, reducing personal holdings by UK£110k. Tillkännagivande • Jul 03
Earnz PLC Appoints Peter David Mawby Smith as Director, Effective June 30, 2025 Earnz PLC announced the appointment of Mr. Peter David Mawby Smith as Director, effective June 30, 2025. Tillkännagivande • Jun 30
EARNZ plc Appoints Bob Holt as Non-Executive Chair, Effective July 1, 2025 EARNZ plc announced that Bob Holt will become Non-Executive Chair on completion of the acquisition of A&D becomes effective on July 1, 2025. Reported Earnings • Jun 29
Full year 2024 earnings released: EPS: UK£0 (vs UK£0.49 loss in FY 2023) Full year 2024 results: EPS: UK£0. Revenue: UK£2.64m (up 335% from FY 2023). Net loss: UK£2.68m (loss widened 28% from FY 2023). Tillkännagivande • Jun 28
EARNZ plc, Annual General Meeting, Jul 28, 2025 EARNZ plc, Annual General Meeting, Jul 28, 2025. Location: the offices of shore capital limited, cassini house, 57 st jamess street, sw1a 1ld, london United Kingdom New Risk • Jun 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Revenue is less than US$1m (UK£606k revenue, or US$825k). Market cap is less than US$10m (UK£4.19m market cap, or US$5.70m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (9.7% average weekly change). Tillkännagivande • Jun 12
EARNZ plc has filed a Follow-on Equity Offering in the amount of £1.022541 million. EARNZ plc has filed a Follow-on Equity Offering in the amount of £1.022541 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,201,965
Price\Range: £0.072
Transaction Features: Regulation S; Subsequent Direct Listing New Risk • Feb 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (over 17x increase in shares outstanding). Revenue is less than US$1m (UK£606k revenue, or US$766k). Market cap is less than US$10m (UK£5.37m market cap, or US$6.78m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Tillkännagivande • Aug 29
EARNZ plc (AIM:EARN) completed the acquisition of Cosgrove & Drew Ltd from Zac Cosgrove and Luke Drew. EARNZ plc (AIM:EARN) entered into a sale and purchase agreement to acquire Cosgrove & Drew Ltd from Zac Cosgrove and Luke Drew for £1.99 million on August 8, 2024. The total consideration payable for Cosgrove & Drew is up to £1.99 million is to be satisfied by: (i) initial consideration of £0.73 million payable on completion of the acquisition of Cosgrove & Drew comprising: (i) £0.32 million in cash; and (ii) the issue of 4,266,666 new Ordinary Shares at the Placing price of £0.075 (approximately £0.35 million); and (ii) deferred consideration of up to £1.23 million to be satisfied by the issue of new Ordinary Shares, subject to Cosgrove & Drew achieving minimum EBITDA for each of the first two 12-month periods immediately following Completion. In Related transaction, EARNZ proposing to raise conditionally up to £4.0 million via the issue of up to 53,333,333 new ordinary shares at a price of £0.075 per share by way of a placing. The net proceeds of the Placing will be used to satisfy the cash consideration payable for the Acquisitions and to provide working capital for the Enlarged Group. Approximately £0.16 million of the cash consideration payable by EHL to Zac Cosgrove and Luke Drew on Completion will be used to discharge and satisfy Zac Cosgrove's and Luke Drew's outstanding directors' loan accounts.
For the period ending December 31, 2023, Cosgrove & Drew Ltd reported total revenue of £9.09 million. The Acquisitions are conditional,inter alia, upon: (i) the approval of the requisite number of Shareholders, which is to be sought at the General Meeting; (ii) the Placing Agreement becoming unconditional in all respects, save for any condition relating to completion of the Acquisitions and Second Admission; and (iii) the Initial Consideration Shares being admitted to trading on AIM. On 18 March 2024, the Company announced a proposed fundraising of £3.7 million at £0.075 per share. The net proceeds of the Placing will be used to satisfy the cash element of the consideration payable for the Acquisitions; and for general working capital purposes of the Enlarged Group. Pursuant to the SWHS Lock-in Deed, Andrew Custer has undertaken to the Company, Shore Capital and Zeus that he will not, and will procure that his related parties will not, dispose of any Ordinary Shares held by them at Second Admission or acquired following Second Admission for a period of 12 months from the date of Second Admission. The Long Stop Date is dated as of September 5, 2024. In a related transaction, EARNZ plc entered into a sale and purchase agreements to acquire South West Heating Services Ltd.
Tom Griffiths, Tom Knibbs and Lucy Bowden of Shore Capital and Corporate Limited acted as financial advisor and fairness opinion provider to EARNZ plc. Anthony Rudge, Kathryn King, Laurence Twiselton and Alexander Baugh of BPE Solicitors LLP acted as legal advisor to Earnz. The teams at BPE were pleased to work alongside Shore Capital, Haysmacintyre LLP and Bryan Cave Leighton Paisner LLP to complete these deals. Neville Registrars Limited acted as registrar to Earnz.
EARNZ plc (AIM:EARN) completed the acquisition of Cosgrove & Drew Ltd from Zac Cosgrove and Luke Drew on August 29, 2024. Board Change • Jul 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Executive Director John William Charlton is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 04
Full year 2023 earnings released: UK£0.005 loss per share (vs UK£0.48 loss in FY 2022) Full year 2023 results: UK£0.005 loss per share. Revenue: UK£606.3k (up 45% from FY 2022). Net loss: UK£2.09m (loss widened 12% from FY 2022). Recent Insider Transactions • May 26
Executive Chairman recently bought UK£55k worth of stock On the 23rd of May, Robert Holt bought around 667k shares on-market at roughly UK£0.082 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth UK£360k. Robert has been a buyer over the last 12 months, purchasing a net total of UK£360k worth in shares. Tillkännagivande • May 01
EARNZ plc Appoints Linda Main as Senior Independent Non-Executive Director EARNZ plc announced the appointment with immediate effect of Linda Main as senior independent Non-Executive Director. Linda is a chartered accountant who retired from KPMG LLP in September 2023 after a long career leading its Capital Markets Advisory Group. Linda has advised on well over 100 IPOs and significant transactions by listed companies of all sizes ranging from start ups to members of the FTSE 100. She was also a member of the UK board of KPMG where she chaired the Risk Committee and sat on the Audit Committee. Until December 2023, Linda was a member of the London Stock Exchange's AIM Advisory Group and earlier in her career sat on a number of the Quoted Companies Alliance ("QCA")'s technical committees. She has recently joined the QCA board. Linda is a Trustee of Carers Trust, a leading charity working to transform the lives of unpaid carers. Linda will chair the Company's audit and remuneration committees. New Risk • Apr 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Shareholders have been substantially diluted in the past year (over 13x increase in shares outstanding). Revenue is less than US$1m (UK£494k revenue, or US$615k). Market cap is less than US$10m (UK£4.87m market cap, or US$6.07m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Recent Insider Transactions • Apr 11
Executive Chairman recently bought UK£360k worth of stock On the 8th of April, Robert Holt bought around 5m shares on-market at roughly UK£0.075 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Tillkännagivande • Mar 18
EARNZ plc, Annual General Meeting, Apr 04, 2024 EARNZ plc, Annual General Meeting, Apr 04, 2024, at 09:00 Coordinated Universal Time. Location: Shore Capital, Cassini House, 57 St James's Street, SW1A 1LD London United Kingdom Tillkännagivande • Mar 13
EARNZ plc Appoints Elizabeth Lake as Non-Executive Director EARNZ plc announced the appointment of Elizabeth Lake as a Non-Executive Director with immediate effect. Elizabeth is an accomplished executive with more than 25 years of finance and commercial experience. Previously, Elizabeth joined the board of Revolution Beauty Group as CFO in May 2022 and was instrumental in turning around the business following the suspension of its shares from trading on AIM. Prior to Revolution Beauty, she was CFO of AIM quoted, Everyman Media Group. During her time at Everyman, Elizabeth successfully led the company through the challenges presented by the Covid 19 pandemic, demonstrating her ability to navigate uncertainty with strong financial and operational acumen. Prior to Everyman, Elizabeth was Chief Financial Officer at AIM quoted, Science in Sport, and before that finance director at Hugo Boss UK and Ireland. She brings extensive UK plc experience to EARNZ having also worked in finance roles at Marks & Spencer, Pearson and Thomson Reuters. Elizabeth is ACA qualified having trained at Coopers and Lybrand (now PwC). Tillkännagivande • Mar 07
Verditek PLC has completed a Follow-on Equity Offering in the amount of £0.3 million. Verditek PLC has completed a Follow-on Equity Offering in the amount of £0.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 400,000,000
Price\Range: £0.00075
Transaction Features: Subsequent Direct Listing New Risk • Mar 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 115% 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 Share price has been highly volatile over the past 3 months (32% average weekly change). Shareholders have been substantially diluted in the past year (115% increase in shares outstanding). Revenue is less than US$1m (UK£494k revenue, or US$629k). Market cap is less than US$10m (UK£1.15m market cap, or US$1.46m). Tillkännagivande • Mar 01
Verditek PLC has filed a Follow-on Equity Offering in the amount of £0.3 million. Verditek PLC has filed a Follow-on Equity Offering in the amount of £0.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 400,000,000
Price\Range: £0.00075
Transaction Features: Subsequent Direct Listing Tillkännagivande • Jan 02
Verditek plc Announces Resignation of Gavin Mayhew as Non-Executive Director Verditek plc announced that Gavin Mayhew has resigned as a Non-Executive Director of the Company with immediate effect. Tillkännagivande • Dec 04
Verditek PLC, Annual General Meeting, Dec 21, 2023 Verditek PLC, Annual General Meeting, Dec 21, 2023, at 11:00 Coordinated Universal Time. Location: the offices of Peachey & Co LLP, 7th floor, 95 Aldwych London, WC2B 4JF London, United Kingdom Reported Earnings • Oct 02
First half 2023 earnings released: UK£0.002 loss per share (vs UK£0.002 loss in 1H 2022) First half 2023 results: UK£0.002 loss per share (in line with 1H 2022). Revenue: UK£255.0k (up 43% from 1H 2022). Net loss: UK£971.0k (loss widened 53% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 62% per year, which means it is significantly lagging earnings. New Risk • Oct 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£1.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£1.4m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m (UK£494k revenue, or US$603k). Market cap is less than US$10m (UK£2.63m market cap, or US$3.21m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). Reported Earnings • Jun 30
Full year 2022 earnings released: UK£0.005 loss per share (vs UK£0.003 loss in FY 2021) Full year 2022 results: UK£0.005 loss per share (further deteriorated from UK£0.003 loss in FY 2021). Revenue: UK£417.5k (up 288% from FY 2021). Net loss: UK£1.87m (loss widened 90% from FY 2021). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Tillkännagivande • Jun 29
Verditek PLC, Annual General Meeting, Jul 25, 2023 Verditek PLC, Annual General Meeting, Jul 25, 2023, at 14:00 Coordinated Universal Time. Location: offices of Peachey & Co LLP, 7th floor, 95 Aldwych London, WC2B 4JF London United Kingdom Tillkännagivande • May 05
Verditek PLC announced that it expects to receive £0.5 million in funding Verditek PLC announced a private placement of Secured Convertible Loan Notes for proceeds of £500,000 on May 3, 2023. The transaction will include participation from Gavin Mayhew for £165,000 and John Celaschi for £110,000. The Notes carry a coupon of 7% per annum which is payable on the redemption date or earlier if converted. The Notes are redeemable 2 years from the date of issue and are convertible at the option of the noteholder into ordinary shares in the Company at the lower of £0.010625 per share or the subscription price per ordinary share of any fundraising over £250,000 in the 6 months from the issue of the Notes. The maximum issue of ordinary shares in the Company if the Notes are converted just prior to redemption including interest due would be 53,647,059 representing 12.1%of the existing issued share capital of the Company. Completion is expected in the next week. Board Change • Nov 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. 4 non-independent directors. CEO & Director Rob Richards was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
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. CEO & Director Rob Richards was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
