Sabien Technology Group (LSE:SNT) has signed exclusive non‑binding heads of terms with Intelligent Resource Management trading as SaveMoneyCutCarbon (SMCC) and with Haydale under which SMCC would become the exclusive commercial distribution partner for the M2G platform across agreed commercial, industrial and public‑sector market sectors and Haydale would evaluate scale‑up, manufacturing and supply‑chain optimisation opportunities.
The proposed strategic investor and financing framework, set out in separate non‑binding heads of terms with Executive Chairman Richard Parris, envisages a Strategic Investor Group acquiring Mr Parris’s c.26.65% holding, restructuring certain Parris Group debt, and providing a senior secured convertible loan note facility intended to raise up to £2m, likely comprising convertible notes and warrants, with final terms and governance still to be agreed.
The Board says the deal is designed to tackle what it regards as Sabien’s principal constraints, route‑to‑market, deployment funding and scaling capacity, while Sabien retains ownership and responsibility for ongoing development, product support and operational control of the M2G technology and seeks to build recurring revenues from deployment, optimisation, servicing, monitoring and carbon‑reduction services.
"We believe the proposed strategic relationship with SMCC can materially strengthen Sabien's route‑to‑market through established customer relationships, financed deployment structures and national delivery infrastructure," Richard Parris said.
