viewEnviroSuite Ltd

Pacific Environment Ltd in $2.15M cash raiser


Pacific Environment Ltd (ASX:PEH) has finalised a placement to raise A$2.15 million at $0.09 each through a placement to new and existing institutional and high net-worth investors.

The company could have raised even more as the raising was oversubscribed and it will issue 23,888,889 fully paid ordinary shares to those investors.

Funds raised will support international expansion in key target markets and ongoing technology development for EnviroSuite.

PEH has met continued success in its Thames Water contract, which it won through a competitive tender alongside its Dutch partner Odournet last March.

The initial contract has a one-year duration and involves two of Thames Water’s key sites, with the option to extend both the duration and scope (Thames Water operates over 30 sites where the company’s pioneering EnviroSuite environmental monitoring system could be applied).

The contract represented Pacific Environment’s first step into the wastewater sector, which the company believes doubles its overall addressable market through the >100,000 public wastewater facilities worldwide.

Pacific Environment is working closely with Thames Water at the two sites under contract, whilst looking towards the opportunity to upscale the material US$0.3 million deal across the wider Thames Water group.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.


Quick facts: EnviroSuite Ltd

Price: 0.215 AUD

Market: ASX
Market Cap: $99.86 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Cassini Resources managing director Richard Bevan talks about the next...

Cassini Resources Limited (ASX:CZI) managing director Richard Bevan joins Proactive's Benjamin Starr and talks about the next mining province in Australia for nickel and copper as well as the big picture plans for the future. Richard also gives investors an insight at what these reults mean...

2 days, 15 hours ago

2 min read