Southbank UK Plc, owner of Hayward Tyler Group Ltd, has announced that it has completed its reverse into AIM listed Nviro Cleantech Plc. The new parent company will be known as Specialist Energy Group plc ("SEG"). As part of the transaction SEG raised equity of £4m from a number of blue-chip institutions, funds which will be used to pay down debt, strengthen the balance sheet and provide futher investment to fund HT’s growing business.
Ewan Lloyd-Baker, CEO of SEG said: "I am delighted that we have now joined AIM and completed the fund raising. With a stronger balance sheet this underpins the immediate and longer term prospects of our core operating business, Hayward Tyler, which employs some 334 staff and has enjoyed significant growth over the past 12 months".
For further information see: www.segroupplc.com
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