Monday, November 25, 2019

The Kollect Founders: (left) Robbie Skuse, CIO, (middle) John O’Connor, CEO, (right) John Hegarty, COO

 

Kollect on Demand a business founded out of Waterford in 2015 was this week approved by the Nasdaq Stockholm AB for admission to trading of the Company’s shares on Nasdaq First North Growth Market.

Kollect on Demand is a familiar name around Waterford. The business was founded by John O’Connor, John Hegarty and Robbie Skuse in 2015 and has quickly established itself as an innovator and disruptor in the waste industry.  It now has 39 full-time employees and runs operations in Waterford, Cork, Dublin and Manchester from its home base at the Waterford Enterprise Centre. The business had revenues of approximately €2.3 million in 2018 which are projected to grow further in 2019.

To grow its business further Kollect on Demand recently launched a new online platform that matches consumers looking to move waste with licensed waste collectors who can pick up and dispose of waste in a sustainable manner.

Kollect On Demand Holding AB (publ) intends to list its shares on the Nasdaq First North Growth Market, and is offering shares to the public through an Initial Public Offering.  Investor presentations will be held in Waterford and Dublin next Thursday and Friday – November 28 and 29 – as follows

  • The Westbury Hotel, Balfe St, Dublin 2 at 12.30 pm and again at 6.30 pm on Thursday next,  November 28 and
  • The Granville Hotel, Waterford at 7.30 am and again at 12.30 pm on Friday, November 29.

Kollect has published a detailed Prospectus outlining the full terms and conditions for the purchase of shares. The prospectus and an application form for interested investors will be available on the Company’s website https://plc.kollect.ie/company-descriptions-or-prospectus/ from Monday next.

Interested investors can subscribe for shares between Monday next (25 November) and Tuesday December 10.

A preliminary date of 19 December 19 has been set for the first day of trading in Kollect shares with the ticker symbol KOLL.

 

The Kollect Team

 

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Contact Journalist: darrens

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