Turner Pope Investments - Placing and Subscription to raise approximately £1.78m, Board Changes and PDMR Dealing

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Research on Metir plc (MET:LON) from Turner Pope Investments

Metir has conditionally raised gross proceeds of £1,775,000 via a placing and subscription of 645,454,546 new ordinary shares at 0.275p each (c.59.29% of enlarged share capital); the placing (£1.4m) and subscription (£375k) include up to £1.5m that may qualify for EIS/VCT relief. The proceeds are targeted to address constrained working capital, strengthen commercial and manufacturing capability, redevelop QuickChek SRB to resume limited sales in Q1 2027 and fund R&D (PFAS/pathogen detection). Board changes include a new CEO effective 9 November and an interim chair; a 15% options scheme will be introduced, with 100 million options granted to the incoming CEO.

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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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Turner Pope Investments - Placing and Subscription to raise approximately £1.78m, Board Changes and PDMR Dealing