Alexander Mining Share Discussion Threads

[average down mug] 25/2/2020 22:53

Dung 👌

[noirua] 08/1/2020 16:54

eEnergy Group PLC EAAS:

[noirua] 08/1/2020 15:23

Now available at just 0.03p.


SGM

As a result of the passing of the Resolutions, the Consolidation will become effective as of 6.00 p.m. today and accordingly every 75,000 Existing Ordinary Shares in the issued share capital of the Company at the Record Date be consolidated into one Consolidated Ordinary Share and then each Consolidated Ordinary Share be sub-divided into 250 New Ordinary Shares having the rights and being subject to the same restrictions (save as to nominal value) as the Existing Ordinary Shares in the capital of the Company as set out in the New Articles.

Website: Following Admission, the website of the Company will change to

As announced on 20 December 2019, Alexander has raised GBP2 million (before expenses) through a conditional placing of 26,666,667 Placing Shares at 7.5 pence per New Ordinary Share, which will be used to finance the development of eLight and for working capital needs associated with the anticipated growth in revenue.

Alexander has applied to the London Stock Exchange for the Admission of the Enlarged Ordinary Share Capital comprising 130,926,167 New Ordinary Shares to trading on AIM. Admission is expected to become effective and dealings on AIM in the New Ordinary Shares are expected to commence at 8.00 a.m. on 9 January 2020.

The New Ordinary Shares will be traded under the ticker "EAAS" and with the ISIN number GB00BJP1KD31. The figure of 130,926,167 Ordinary Shares may be used by Shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

On Admission, Harvey Sinclair, David Nicholl, Richard Williams and Andrew Lawley will join the Board and all of the Existing Directors will resign from the Board other than Nigel Burton.

As a result of the Resolutions having been passed at the General Meeting, the Company will proceed with the Disposal of the MetaLeach Assets as set out in the Admission Document. A further announcement will be made in due course.

[moneymunch] 02/1/2020 09:37

Number of New Ordinary Shares of 0.3 pence each to be admitted
following consolidation:

New Ordinary Shares: 130,926,167

Issue price per new ordinary share: 7.5 p

All of the Company's AIM securities will be freely transferable.

No ordinary shares will be held as treasury shares on Admission
to AIM.
CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING)
AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
Capital to be raised on admission: GBP2 million

Anticipated market capitalisation on admission: GBP9.8 million
PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
41.9%

EXPECTED ADMISSION DATE:

9 January 2020

[moneymunch] 31/12/2019 16:09

No problem seagreen, EAAS's upside potential and prospects certainly look interesting and so let's hope the RTO will be well received on listing day...any good news on negotiations with the leading Green and Clean technology funding partner could significantly increase demand and interest. Gl:-)

[seagreen] 31/12/2019 13:39

moneymunch thank you for saving me a considerable amount of time.

[moneymunch] 31/12/2019 10:23

Potential added value from confirmation of successful negotiations with a leading green and clean technology funding partner to obtain a dedicated fund for its energy service agreements.

"eLight has secured contracts directly with certain of the world's leading technology manufacturers, bypassing distributors and wholesale channels to ensure a competitive advantage for its projects, and is in negotiations with a leading green and clean technology funding partner to obtain a dedicated fund for its energy service agreements. "

[moneymunch] 30/12/2019 22:27

The Times

Energy efficiency firm eLight to hit power button on AIM float



December 8 2019, 12:01am, The Sunday Times

Ian McKenna founded eLight in 2009

A technology start-up that helps businesses and schools save money on their electricity bills by installing new, energy-efficient lights, is to switch on for a £10m (€11.8m) float.

eLight, which sells LED lights that use less power than halogen or strip lightbulbs, is set to join the junior AIM stock market in London through a reverse takeover of Alexander Mining, a cash shell.

Founded in 2009 by entrepreneur Ian McKenna, eLight charges schools and businesses a monthly service fee over a fixed term, rather than asking them to pay upfront costs. It has completed more than 800 upgrade projects to date, and claims to have saved customers more than €15m in energy bills each year.

[moneymunch] 30/12/2019 21:03

Preferably we want the market cap of the new entity, EAAS, on listing to be much greater than AXM's current £2m market cap....the share consolidation is a matter of fact, divide the number of AXM shares you hold by 75,000 and then x by 250, to give you the number of new shares in EAAS that you will then hold.

According to the acquisition RNS, elight Directors on completion and subsequent share consolidation, will hold 86,264,528 of shares in EAAS, which represents 65.89% , which will mean there will be 130m plus shares in issue for the new entity EAAS. ( including the 26,666,667 placing shares which raised £2m at 7.5p a share ) which would suggest an initial listing and market cap of £9.8m at 7.5p a share....but of course this could be much much higher dependent on sentiment and demand and any positive news that might be included. Gla ;-)

[serge gnabry] 30/12/2019 20:40

looks like an interesting punt.

[temelco] 30/12/2019 19:46

Def. Pari passi

[seagreen] 30/12/2019 18:22

in theory they are reversing a company worth £6.5m into a vehicle with a market cap of £2m (they raised a further £2m)

I am not worried about share price as long as each share ranks pari passu maybe this is pre rto market cap?

[temelco] 30/12/2019 16:32

Depends entirely on how new business does. They had a rights issue a while ago at .02 so effectively its a 25% uplift once all the consolidation etc etc gets done. But the new business clearly has good followers and connections

[seagreen] 30/12/2019 15:32

is this as cheap as the market cap suggests?
surely worth a small punt and put in bottom draw....?
Had a nibble anyway

[moneymunch] 30/12/2019 13:26

Description of business:

On 25 September 2019, the Company announced that it intended to dispose of its wholly owned subsidiary, MetaLeach Limited, and make an acquisition which constituted a reverse takeover under Rule 14 of the AIM Rules.

On 29 November 2019, the Company announced that it was seeking a suspension of trading in its shares on AIM and was seeking to acquire the entire issued share capital of eLight Group Holdings Limited ("eLight") and, inter alia, undertake a placing, share consolidation, disposal of MetaLeach and change of name to eEnergy Group plc, subject to shareholder approval.

Following Admission, the main countries of operation will be UK and Ireland. eLight is an "Energy Efficiency as a Service" Republic of Ireland registered company which provides commercial customers with immediate energy and cost reductions with zero upfront investment by delivering Light-as-a-Service.

eLight had revenues of approximately €4.5 million and loss before tax of approximately €1.6 million in the period to 30 June 2019. eLight has built a strong position in the UK and Ireland, offering customers the ability to switch to LED lighting technology without capital investment, improve the quality of their lighting and reduce their carbon footprint.

eLight's service agreements provide customers with a fully maintained solution for the term of the agreement. The monthly energy savings which are unlocked are more than the monthly service fee, so customers generate immediate positive cash flow in addition to reducing their carbon footprint.

Energy efficiency upgrades are typically capital intensive, which has traditionally acted as a barrier for organisations looking to reduce their energy consumption. eLight removes these barriers with its service agreement-based business model.

The market in the EU for energy efficiency services in 2017 was approximately ?25 billion and is expected to double by 2025. eLight can also provide customers with LED lighting installation services under a traditional "supply and install" service.

eLight's use of performance-insured contracts for its customers and partnerships with providers of project finance in the UK and the Eurozone enables it to generate positive cashflows upon completion of an installation, with no residual credit exposure to the customer under the service agreement.

eLight has secured contracts directly with certain of the world's leading technology manufacturers, bypassing distributors and wholesale channels to ensure a competitive advantage for its projects, and is in negotiations with a leading green and clean technology funding partner to obtain a dedicated fund for its energy service agreements.

[moneymunch] 24/12/2019 22:51

Current market cap is £2m....!!!

Elight to trade on London’s AIM after £6.6m reverse takeoverIrish-founded company, which is to rebrand as eEnergy, also raises £2m from investorsThe renamed eEnergy is expected to start trading on the AIM on January 9th.

Charlie Taylor

Fri, Dec 20, 2019, 09:30

    

Irish-founded energy-saving lighting specialist eLight has raised £2 million (€2.3 million) from investors and is to start trading in London early next year following a £6.6 million reverse takeover of an AIM-listed company.

The company, which is to rebrand as eEnergy Group, installs and manages energy-efficient LED lighting solutions for the commercial sector. It provides an energy efficiency-as-a-service model in partnership with the likes of Philips ;and Actavo that means it pays upfront costs for installing LED lighting. Clients include Ires Reit, the State’s largest landlord, and hotel group Dalata.

The firm was founded by Ian McKenna in 2012, a former EY Entrepreneur of the Year finalist, and has more than 800 client projects across Ireland and Britain.

The company is now led by Harvey Sinclair, founder of Energy Works, which merged with eLight in 2018 in a move that enabled the combined group announce plans to invest €100 million in sustainable projects over a three-year period.

The renamed eEnergy is expected to start trading on the AIM on January 9th following a reverse takeover of Alexander Mining. It also said it has raised conditionally £2 million (before expenses) through a placing of 26,666,667 new ordinary shares at 7.5 pence per share, which will be used to finance the development of the group and for working capital.

In the year to the end of June, eLight secured contracts with a total value of €7.4 million, earned revenue of € 4.5 million and generated an operating Earnings before interest, tax, depreciation and amortisation (ebitda) loss of €800,000.

The EEaaS market is estimated to be worth £25 billion and eEnergy’s directors expect regulatory, commercial and social pressures to cause this to double in the next five years.

[moneymunch] 24/12/2019 21:30

The majority of RTO' s get off with a bang and then a whimper with no significant upside for longer than most would like, but this one potentially could be better than most imho...they're already ahead of the game. Gla holders Merry Christmas and a very Happy and Prosperous New Year!!! :-)

Elight to invest €100m in projects after acquiring UK rivalEnergy-saving light specialist also intends to double workforce to 80 over next 12 monthsElight chief executive Ian McKenna said the acquisition would make the group the largest “light as a service” company in Europe

Charlie Taylor

Mon, Jul 16, 2018, 02:36

    

Irish energy-saving lighting specialist Elight has acquired a rival company in the United Kingdom and said the new merged entity will invest €100 million in sustainable projects over the next three years.

The Dublin-based company is also looking to double the number of people it employs to 80 over the next 12 months.

Elight, whose clients include Ires Reit and Dalata, installs and manages energy-efficient LED lighting solutions for the commercial sector. It provides a “light as a service” model in partnership with the likes of Philipsand Actavo that sees it paying upfront costs for installing LED lighting.

Founded by Ian McKenna in 2012, Elight saw sales treble to €4 million last year as profits rose to just under €1 million.

The company said it had acquired London-headquartered Energy Works Limited for an undisclosed sum and was to rebrand it as Elight Works with immediate effect.

Commercial clients

The former Energy Works had revenues of £3.5 million (€3.9 million) in 2017 and completed more than 100 projects for commercial clients in the UK and the Gulf States. Energy Works founder Harvey Sinclair is to stay on to run the UK business.

Mr McKenna, a former EY Entrepreneur of the Year finalist, said the acquisition would make the group the largest light as a service company in Europe with more than 600 projects completed and more than €60 million in energy savings generated for existing clients.

The expanded group, which is actively targeting opportunities in new markets, will have a combined turnover of €12 million.

“We are delighted to conclude this merger, which will open up new opportunities for our business to grow exponentially,”; said Mr McKenna.

“This merger will increase our ability to access capital, meaning that we can deliver this service for our growing client base,” he added.

[unkwn] 22/12/2019 17:06

Glad I held on, would be a buyer even if I hadn't.

[noirua] 22/12/2019 14:28

Alexander Mining finds buyer for MetaLeach mineral processing tech business
29 November 2019




A hive of corporate activity is brewing at Alexander Mining, with the AIM-listed company set to complete a reverse takeover of eLight Group Holdings Ltd and sell off its mineral processing technology business, MetaLeach Ltd.

Alan Clegg, Non-Executive Chairman of Alexander, said: “I am delighted that Alexander has been able to advance into rapid execution of the new strategy announced to the benefit of our shareholders. Simultaneously, having found a strong mining industry buyer for the company’s MetaLeach business, as well as an attractive acquisition opportunity for the remaining shell, is fortuitous and satisfying for the board.”
---

[akramms] 20/12/2019 09:33

The Concert Party will not be restricted from making an offer for the Company.

Maximum Controlling Position

Immediately following Admission, the Concert Party will hold, in aggregate, up to 86,264,528 New Ordinary Shares, representing 65.89 per cent. of the Enlarged Ordinary Share Capital. The Concert Party's acquisition of New Ordinary Shares would, without a waiver of the obligations under Rule 9 of the Takeover Code, oblige the Concert Party to make a general offer to Shareholders under Rule 9 of the Takeover Code.

The following table sets out the Concert Party's shareholdings in the Enlarged Group on Admission.


% of
Total No of Enlarged
New
No of % of Shares Issued
in
eLight total Enlarged Share
Shares eLight Group Capital
on on
Concert Party Member held Shares Admission Admission(1)
Harvey Sinclair 476,500 23.55% 20,645,428 15.77%
Ian McKenna(2) 476,500 23.55% 20,645,428 15.77%
Stella Murphy(2) 440,000 21.75% 19,063,984 14.56%
David Nicholl 303,000 14.98% 13,128,153 10.03%
Marian Rainey 120,000 5.93% 5,199,268 3.97%
Charles Cryer 40,000 1.98% 1,733,089 1.32%
Nicole Street 24,000 1.19% 1,039,854 0.79%
Wayne Harris 24,000 1.19% 1,039,854 0.79%
Fergal Roche 23,000 1.14% 996,526 0.76%
Diana Baldwin 16,000 0.79% 693,236 0.53%
Aisling McGrath 12,000 0.59% 519,927 0.40%
Caroline Rogers 12,000 0.59% 519,927 0.40%
George Hurley 12,000 0.59% 519,927 0.40%
Ronan Creaney 12,000 0.59% 519,927 0.40%
--------- ------ ---------- ------------
TOTAL 1,991,000 98.41% 86,264,528 65.89%

[unkwn] 20/12/2019 09:24

They won't care graham, that site is just a corrupt money spiner for the spivs who own it.
Licence to print cash.