Latest news with #CraigCooper
The Australian
4 days ago
- Business
- The Australian
Cardiex launches $6.5m capital raise
Cardiex is raising up to $6.5m via a $2.4m institutional placement and a $4.1m entitlement offer Funds will support the commercial expansion of CONNEQT Health, covering devices and digital arterial health solutions C2 Ventures has committed $1.94m and will sub-underwrite up to $1.2m of the entitlement shortfall, subject to approvals Health technology company Cardiex (ASX:CDX) has announced a capital raise of up to $6.5 million through a $2.4 million share placement to institutional and sophisticated investors, and a $4.1 non-renounceable entitlement offer to eligible shareholders. The funds will support the continued commercial rollout of the company's CONNEQT Health business, which includes both medical devices and digital software solutions for arterial health monitoring and patient engagement. The CONNEQT Health platform includes the FDA-cleared CONNEQT Pulse device – a home-use monitor that measures arterial stiffness and central blood pressure – as well as a connected mobile app that recently added a cardiology reporting feature to help users and clinicians interpret data. The Pulse began shipping to the US in January and has been added to the national Blood Pressure Validated Device Listing. In May, Cardiex lodged a submission with the Therapeutic Goods Administration (TGA) to register the device for sale in Australia. The offer price is $0.04 per share. C2 Ventures Pty Ltd, an investment vehicle jointly owned by Cardiex directors Craig Cooper and Niall Cairns, has committed to subscribe for $736,000 in the institutional placement, subject to shareholder approval. The company has also committed to take up its full $1.2 million entitlement under the entitlement offer. In addition, C2 Ventures will sub-underwrite up to $1.2 million of any shortfall in the entitlement offer, subject to compliance with regulatory requirements. 'This capital raise is a pivotal step in our journey to scale CONNEQT Health into a category leader in arterial health solutions,' said CEO Craig Cooper. 'With strong support from new and existing shareholders, including C2 Ventures, we're now well positioned to accelerate our commercial rollout, expand our supply chain and deliver on our vision to make arterial health monitoring accessible to millions.' The entitlement offer will open on June 6, 2025 and close on June 20, 2025, with allotment and final settlement expected later that month. A shareholder meeting to approve the C2 Ventures placement allocation is scheduled for July. Blackpeak Capital, Stralis Capital Partners, and Taylor Collison have been appointed as Joint Lead Managers to the raise, with Blackpeak Capital also acting as underwriter to the entitlement offer. Taylor Collison is managing both institutional and retail components. The company is proposing a webinar to update on activities with details to be announced shortly. This article was developed in collaboration with Cardiex, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
The Independent
25-04-2025
- General
- The Independent
Birmingham resident resorts to burning bins inside home as waste strike continues
Birmingham residents are being urged not to burn their household recycling as the city's bin strike continues, following an incident where a resident required oxygen after attempting to burn recycling inside their home. Rubbish has been piling up on Birmingham's streets since bin workers began an all-out strike on March 11th, in a dispute concerning pay and jobs. West Midlands Fire Service reported that the recycling fire, which was contained to a single room and extinguished before crews arrived, prompted them to issue a safety plea. Firefighters used ventilation equipment to clear the property of smoke and fumes. Although the resident was not injured, they were administered oxygen by paramedics and fire crews. Emily Fernandez, Head of Prevention at West Midlands Fire Service, warned of the dangers of burning household recycling. "Burning household recycling like cardboard, paper or plastics can be very dangerous, especially indoors. 'Please don't burn your household waste or recycling. 'You could quickly be overcome by the smoke, or burned. 'Such fires can quickly get out of control and spread. 'If your recycling hasn't been collected, we urge you to store it safely until your next collection or, if you can, take it to a household recycling centre. 'Never try to burn it, you're risking lives and property.' Fresh talks between Birmingham City Council and Unite the union aimed at resolving the long-running strike are to be held on May Day and conciliation service Acas will be involved in the meeting for the first time. On Friday, it was announced that the city council's bin boss, the executive director of city operations Craig Cooper, will be leaving his role in June and a search for his replacement will begin 'immediately'. Richard Brooks, who the council says has worked closely with Mr Cooper during the bin strike in the city operations department, will take over the role on an interim basis. Council leader John Cotton said: 'Craig has been an exceptional leader and a dedicated public servant. 'His contributions to the council and the city have been invaluable. 'We are grateful for his service and wish him all the best in his future endeavours.'
South Wales Guardian
25-04-2025
- General
- South Wales Guardian
Fire plea after Birmingham resident burns recycling inside home amid bin strike
A person had to be given oxygen by fire crews and paramedics after attempting to burn their recycling inside their home, the fire service said, as it issued a plea for residents to recycle safely. Rubbish has been piling up in the city's streets since hundreds of bin workers went on an all-out strike on March 11 in a dispute over pay and jobs. The fire service said the recycling fire was contained to one room of the resident's property and was out when fire crews arrived. They used ventilation equipment to clear the property of smoke and fumes and the resident was not injured but was given oxygen. Emily Fernandez, head of prevention at West Midlands Fire Service, said: 'Burning household recycling like cardboard, paper or plastics can be very dangerous, especially indoors. 'Please don't burn your household waste or recycling. 'You could quickly be overcome by the smoke, or burned. 'Such fires can quickly get out of control and spread. 'If your recycling hasn't been collected, we urge you to store it safely until your next collection or, if you can, take it to a household recycling centre. 'Never try to burn it, you're risking lives and property.' Fresh talks between Birmingham City Council and Unite the union aimed at resolving the long-running strike are to be held on May Day and conciliation service Acas will be involved in the meeting for the first time. On Friday, it was announced that the city council's bin boss, the executive director of city operations Craig Cooper, will be leaving his role in June and a search for his replacement will begin 'immediately'. Richard Brooks, who the council says has worked closely with Mr Cooper during the bin strike in the city operations department, will take over the role on an interim basis. Council leader John Cotton said: 'Craig has been an exceptional leader and a dedicated public servant. 'His contributions to the council and the city have been invaluable. 'We are grateful for his service and wish him all the best in his future endeavours.'
The Independent
15-04-2025
- Politics
- The Independent
Birmingham council ‘on track' to clear bin backlog by weekend
Birmingham City Council says it is on track to clear a backlog of uncollected waste by the weekend. Craig Cooper, strategic director of city operations, said that despite the ongoing dispute with the Unite union, clearing the backlog would start tackling those 'affected the most' by the bin strike. In a standoff with the Labour -run council over plans to cut the role of waste recycling collection officer (WRCO), hundreds of bin workers began an all-out strike on 11 March, which has led to rubbish bags piling up on the streets. Reports have emerged of 'cat-sized rats ' wreaking havoc to bin bags, which have been labelled the 'Squeaky Blinders' by one Tory MP, with concerns growing that the overflowing waste will lead to a health emergency. Mr Cooper said the amount of uncollected waste had peaked at 22,000 tonnes, but he expected to be back to "one household collection every week" for all residents by the weekend. "We're already back to collecting normal household waste this week," Mr Cooper told the BBC. "We are back into a position of good control. "The priority now is street cleansing and making sure the fly-tipping is at a manageable level." There are currently 120 bin lorries completing the rounds every day, which is half of its total capacity, while garden waste and recycling will not be collected until the strike is over. His comments come a day after Unite members voted by 97 per cent against the council's offer of pay protection for a number of workers on 60 per cent turnout, with Unite saying the offer did not address potential pay cuts for 200 drivers and was 'totally inadequate'. Speaking outside the council offices on Tuesday, striking WRCO Wendy, who did not want to give her surname but has been in the role for five years, fears she could lose her house if her wages decrease. She said she is not asking for more money but wants to keep her wages at the current level rather than see them cut. She said: 'I'm a single parent and I brought up three children. I also rent my property from Birmingham City Council, so if I lose £600 potentially I could lose my home. 'So the impact on it, everything's going up, but our wages are just stopped there. They are raising everything, especially the council rents, but they want to lower your wages.' Earlier on Tuesday, Mr Cooper said that the role of WRCO was 'not fit for purpose' and urged striking workers to think again about the offer the local authority has put forward, which he says has included alternative job roles. Speaking at the council's offices in Victoria Square on Tuesday, Mr Cooper said: 'My message to Unite is that we have put a very, very fair offer on the table. 'We know that there are 170 WRCOs, we know that 130 of them have already accepted alternatives, whether that's progression to be drivers and training for that, whether that's voluntary redundancy, or whether that's moving to a role of an equal grade and another part of city operations. 'There are about 40 that haven't, and I urge those 40 to look again at whether or not they want progression, to look again at whether or not they want to stay on the same pay grade and remain within city operations, because that's a key part of the offer. 'Nobody needs to drop down, but the WRCO role is not a role that exists anymore. It's not fit for purpose.
BBC News
11-03-2025
- Politics
- BBC News
Birmingham bin workers begin indefinite all-out strike
An indefinite all-out strike for refuse workers in Birmingham has action officially started at 06:00 GMT on Tuesday, however, collectors have been striking on and off since January following plans to downgrade some staff and reduce their Barreh, 58, lives in Balsall Heath and has not had his bin collected for three weeks, he said: "People are really worried, we pay high charges of council tax, which is going to rise in April, and feel Birmingham City Council is not doing their duty."Craig Cooper, from the authority said a "fair and reasonable consultation had been under way since last autumn". Mr Cooper, who is the strategic director of city operations, added that the authority was "keen to have a proper dialogue on how we transform this service", but criticised the Unite Union for "only wanting to talk about the Grade 3 role" which the authority wish to from a picket line in Tyseley, Zoe Mayou from the union said the action had been escalated as the authority "aren't willing to come to the table and have proper negotiations about the whole structure of the team... so this is where we are". Mr Barreh said Balsall Heath was affected by bin strikes in 2017, however, the situation was "already far worse" than his previous experience. "It's already started to smell, long before today, it's a risk to health and we are very worried that the industrial action is now indefinite." Follow BBC Birmingham on BBC Sounds, Facebook, X and Instagram.
