Sabien Technology Group
SNT · AIM · Industrial Goods and Services · mcap £0.9m · 2.8p 2 open situations →
- EV
- £1.2m
- EV / EBIT
- –
- Net debt
- £369k
- FCF yield
- 8.0%
- Revenue
- £1.0m
- Share price 1y
- −67%
- Insiders 12m
- bought £105k
- Next report
- around 12 Nov
Open · 2
Going concern uncertainty
Led to City Oil Field plastic-to-oil rollout – Review ongoing; b.grn funds operating costs
Going-concern doubt has run since November 2025, with costs settled in shares. The proposed £2m convertible and PGL debt restructuring were dropped on 18 August. Parris Group says it intends to keep supporting Sabien but has made no binding commitment, so funding relies on existing arrangements.
- Status
- Discussions ongoing; no agreement reached; no certainty any transaction proceeds
- Board stance
- Evaluating alternative structures; will pursue only terms reflecting long-term value and balancing risk and reward
- Earlier terms
- Non-binding heads of terms with exclusivity agreed 21 May 2026; convertible loan note up to £2m proposed
- Financing
- Up to £2m senior secured convertible loan note and warrants will not proceed
- Parris shares
- Strategic Investor Group will not buy the Parris and associated parties' shareholding; PGL keeps its stake
- PGL debt
- Restructuring, refinancing or conversion of PGL debt and invoice financing will not proceed under the framework
Next: Board to formalise PGL support arrangements if required
- 18 Aug 2026 Financing dropped; SMCC distribution talks continue
- 13 Jul 2026 Talks ongoing; no agreement reached
- 11 Jun 2026 Costs settled in shares; recapitalisation still unagreed
- 21 May 2026 Non-binding heads of terms, exclusivity agreed
City Oil Field plastic-to-oil rollout
Follows from Going concern uncertainty – Recapitalisation dropped; PGL support not committed
COF was put under review as non-core in November 2025. The review continues: b.grn is funding operating costs and Sabien contributes no cash. Sabien keeps its COF interests and has not decided on further investment, dilution, disposal or restructuring. Sales agency talks are held on multiple continents but no agreement is signed.
Next: Decision on b.grn funding rounds and review outcome
- 18 Aug 2026 Review ongoing; b.grn funds operating costs
- 13 Jul 2026 Review continues; flexibility preserved
- 21 May 2026 Under review as non-core; no further capital
- 31 Mar 2026 Korean plant certified and operating; UK/Arizona sites in discussion
Closed · 5
Company filings. Not investment advice.