Earnz has announced the proposed acquisition of Zero Carbon Group (ZCG), an energy efficiency services provider operating across the North of England and the Midlands, for a maximum consideration of £9.5m (£5m initial, £4.5m deferred and linked to EBITDA targets). ZCG generated revenue of £1.7m and EBITDA of £456k in just four months to April 2025, having only commenced major contract trading in January 2025. The deal is being funded through a placing of up to £3.5m at 5.0p per share, a 4.76% discount to the prior close, alongside a retail offer of up to £0.5m. Completion is conditional on shareholder approval at a general meeting on 30 March, with admission expected on 31 March.
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