Net Zero Infrastructure Share Discussion Threads

[lazygun] 27/9/2023 23:54

AGM next week....

L

[lazygun] 18/9/2023 12:03

Prospectus is with FCA at present....

l.

[hedgehog 100] 07/6/2023 18:58

Thanks to MrMagorium on LSE for flagging up this piece on the LINE Hydrogen website:-

"LINE Hydrogen Announces UK Listing

June 1, 2023 | Line Hydrogen | Brisbane, Australia

The Australian green hydrogen company is merging with UK organisation, Net Zero Infrastructure PLC, and is set to be listed on the LSE by September.

LINE Hydrogen, a leading Australian-based hydrogen production company is pleased to announce that it has executed a Heads of Terms with Net Zero Infrastructure PLC (NZI) a Special Purpose Acquisition Company (SPAC) listed on the Main Market of the London Stock Exchange (LSE) for a reverse takeover between the two companies. The proposed transaction is expected to be completed by September 2023, subject to pre-conditions and regulatory approvals. ..."

[hedgehog 100] 01/6/2023 15:22

01/06/2023 07:51 PR Newswire (US) Net Zero Infrastructure Plc - Possible Acquisition and Suspension of Listing LSE:NZI Net Zero Infrastructure Plc

"The Directors of the Company are pleased to inform shareholders that it has signed a non-binding letter of intent ("LOI") to acquire the entire issued share capital of LINE Hydrogen (Australia) Pty Ltd, a limited liability company in the renewables energy sector incorporated in Australia (the
"Potential Target") in consideration for an issue of new shares in the Company (the "Acquisition"). The Acquisition, if completed, and an associated proposed private fundraise by the Company, details of which will be announced in due course, would result in the shareholders of the Potential Target having a majority interest in the enlarged group. ...

NZI's Chairman, Mike Elwood said: "Joining forces with LINE Hydrogen means we can leverage our joint resources with a view to expanding operations and driving the development of the green energy sector. Together, we believe that we are well-positioned to capitalize on the growth potential in this market and contribute to a more sustainable future."

Brendan James, Founder and Executive Chairman of LINE Hydrogen, added: "We are thrilled to announce our proposed transaction with NZI," said Brendan James, Founder and Executive Chairman of LINE Hydrogen. "The planned merger reflects our shared vision of advancing the hydrogen economy and accelerating the adoption of clean energy solutions. We believe that, by combining our strengths and expertise, we can create significant value for our shareholders and make a positive impact on the global energy landscape." ...

About LINE Hydrogen (Australia) Pty Ltd

LINE Hydrogen (Australia) Pty Ltd is an Australian-based hydrogen production company. The company specializes in the production, distribution and storage of hydrogen for various applications, offering innovative solutions that contribute towards a sustainable and decarbonized future. ..."




"Green
Hydrogen Production
Now"

"LINE Hydrogen will deliver early market, commercial scale green hydrogen for diesel replacement in Australia."




Looks like it could be a large and exciting RTO.

NZI has been suspended today at a price of 1.35p, market cap. £819,450 (60.7M. shares in issue).

[lazygun] 01/6/2023 08:55

hope this one completes smoothly...

l

[itscominghome] 23/5/2023 13:41

Can't sell any ! Way overpriced

[lazygun] 14/4/2023 12:54

nzi reporting needs improvement.

no AGM advance notice, nothing on website...

16 million or so votes cast on proposals - so some people were advised of it... so who and how and when?

l

[lazygun] 05/4/2023 12:59

looks like someone gathered about 1.6% of stock the other day...

opportunistic, or precursor to something?

l.

[lazygun] 15/2/2023 11:40

I gather there are other opportunities that NZI are exploring currently, so if any of them pan out we may yet end up back in suspense again sooner rather than later…

L

[lazygun] 15/2/2023 11:36

Because it is a publicly listed vehicle. Given they had to walk away from the TCP deal, there was no reason to remain in suspense…

It was unfortunate that the FCA put a number of conditions on NZI before they could return to the market (ie up to date accounts etc)otherwise they’d have been back to market before last Christmas.

L

[vatnabrekk] 14/2/2023 16:18

What's the point of coming out of suspension if they don't have a proposal yet?

[dave4545] 14/2/2023 14:55

Crazy, yet another stock where the mm's are clearly going to rake it in with the spread and people pile in.

[itscominghome] 14/2/2023 12:28

75pct too high here

[dave4545] 14/2/2023 12:25

1.5p bid not bad really

If I could sell some of my suspended shells at say 30% less when they return I'd be over the moon unless of course they actually do a decent deal.

2 mm's showing 1.5-2.2p atm

[lazygun] 14/2/2023 12:13

Looks like it’s finally back

L

[lazygun] 14/2/2023 07:22

And still we’re suspended…..

L

[lazygun] 30/1/2023 11:27

And the limbo continues…R30;…

L

[lazygun] 19/1/2023 11:44

So there should be no remaining hurdles to relisting now.
Disappointing that that they’re not back today though…..

L

[hedgehog 100] 18/1/2023 17:37

Also note that due to recent changes in listing rules, 'newer' main-listed shells like MCI cannot arrange a sub-£30M. market cap. RTO, unlike NZI.

To summarise:-

• 'Pre-existing' main-listed shells that listed by 2.12.21 can still arrange a sub £30M. market cap. RTO (minimum only £0.7M.), up until 1.12.23 completed FCA submissions;
after that they can still arrange RTOs, but subject to the £30M. minimum.

• 'New' main-listed shells can still float with a sub £30M. market cap. (previous minimum only £0.7M.), up until 2.6.23, if they completed their FCA submission by 2.12.21.
- But these shells will be subject to the £30M. RTO minimum.

This clearly gives shells like NZI more flexibility.

And as the supply of older main-listed shells like NZI gradually dries up, their scarcity value increases, with the smallest RTO candidates fighting over this diminishing pool of available shells.


NZI is also far further down the road to arranging a RTO than new shells, and will have an existing list of RTO candidates to choose from, from its work since it listed in September 2021.

[hedgehog 100] 18/1/2023 16:56

Medcaw Investments (MCI), another small shell, floated just before Christmas, and highlights NZI's value compared to many other shells.

MCI raised £0.45M. net in its float, at 10p/share, and its current market cap. at 8.5p is £1.46M. (compared to £1.34M. for NZI at its suspension price of 2.2p).

On Admission, the MCI had a cash balance of £702,393, according to its prospectus on its website.


21/12/2022 08:00 UK Regulatory (RNS & others) Medcaw Investments Plc First Day of Dealings on the London Stock Exchange LSE:MCI Medcaw Investments Plc

"Medcaw Investments plc, a company formed for the purpose of undertaking an
acquisition or acquisitions in the life sciences sector life sciences sector,
focusing on companies developing medical or wellness technologies and
therapies, is pleased to announce that, following the publication of its
Prospectus on 16 December 2022, a total of 17,132,095 ordinary shares of £0.01
each in the share capital of the Company will today be admitted to the standard
segment of the Official List of the Financial Conduct Authority and to trading
on the main market for listed securities of the London Stock Exchange plc.

Dealings will commence at 8:00 a.m. today under the TIDM 'MCI' with ISIN number
GB00BM8SQP62 and SEDOL BM8SQP6."

[hedgehog 100] 18/1/2023 16:19

So the TCP deal is indeed off the table now.

But NZI still plans to effect a RTO this year, and should have enough cash to arrange this.


18/01/2023 09:46 UK Regulatory (RNS & others) Net Zero Infrastructure Plc Interim Results to 30 September 2022 LSE:NZI Net Zero Infrastructure Plc

"INTERIM CONDENSED FINANCIAL STATEMENTS
FOR THE SIX MONTH PERIODED
30 SEPTEMEBR 2022

Net Zero Infrastructure Plc, a special purpose acquisition company formed with
the intention to acquire renewable or clean energy technology companies and to
finance, develop and promote those environmentally sound projects
internationally, is pleased to announce its unaudited interim results for the
six months ended 30 September 2022.

Chairmans Statement

Since the Company's year-end in March 2022, the Board continued to search for
suitable acquisition targets.

On 19 May 2022, the Company announced that it had signed a heads of agreement
with Taylor Construction Plant Limited ("TCP") to acquire the entire issued
share capital of TCPL. On 18 November 2022, the Company confirmed that it had
reluctantly withdrawn from talks to acquire Taylor Construction Plant Limited.
Due to market conditions, the Directors of NZI believed that they could not
raise the funds required to complete this transaction. As a result, they
concluded that it was in the best interests of its shareholders and those of
TCP to cease talks with TCP.

The net assets of the Company, after costs for the aborted transaction are £
879,679.

The Board still aims to effect a transaction in the renewable or clean energy
technology sector, in line with its existing acquisition strategy, in the 2023.

Financial Review

For the six months to 30 September 2022, the Company reports a net loss of £
285,605 (2021: net loss of £173,915). During the six months to 30 September
2022, the Company continued its strict financial discipline, incurring a net
operating cash outflow of £307,879 (2021: inflow of £66,800). The Company held
cash at 30th September 2022 of £888,038 (2021: £66,800). ..."

[lazygun] 18/1/2023 14:40

Interims now published. Actually look a little better than I had expected. Just the relist now…

L

[lazygun] 13/1/2023 15:33

as of wednesday they were still on track for interims by monday

l

[hedgehog 100] 06/1/2023 16:00

Good to receive an update, and for the annual report and financial statement link to be RNSed.

As you would expect, this is the same report and financial statement submitted to Companies House on 12th. December, which we have already seen.
So NZI's 1.12.22 Chairman's statement in this is talking as if the TCP RTO is still live, despite the 18.11.22 'termination of acquisition' RNS.

And the second RNS today is to a degree qualified in this regard:-
"The Directors of NZI continue to see a number of prospective transactions in the renewable or clean energy technology sector, in line with its existing acquisition strategy. In the event that a prospective transaction becomes viable the Directors will notify shareholders."

This could suggest that NZI & TCP haven't been able to agree terms that NZI currently considers viable for it, but that this could change.


06/01/2023 11:13 UK Regulatory (RNS & others) Net Zero Infrastructure Plc Annual Report and Financial Statements LSE:NZI Net Zero Infrastructure Plc

"ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2022

Please see link for the full Annual Report and Financial Statements here:
hxxps://mma.prnewswire.com/media/1978725/NZI_plc_accounts_31_March_2022.pdf "




06/01/2023 11:13 UK Regulatory (RNS & others) Net Zero Infrastructure Plc Release of Final Results LSE:NZI Net Zero Infrastructure Plc

"Release of Final Results and update on application for the Resumption of
Trading

Annual Results to 31 March 2021

NZI, a special purpose acquisition company formed with the intention to acquire
renewable or clean energy technology companies and to finance, develop and
promote those environmentally sound projects internationally announces that
today 6 January 2023 that the Company's Annual Report & Financial Statements
for the Year to 31 December 2021 has been published ("Annual Report").

The full Annual Report can be viewed at the Company's website: www.nziplc.com

The Company's Annual General Meeting will be convened in due course and
shareholders will be duly notified.

The Annual Report together with the Notice of AGM and Form of Proxy will be
mailed or otherwise made available to shareholders in due course.

Update on resumption of trading

The Board can also confirm that intends to publish its Interim Results to 30
September 2022 by the 16 January 2023 and following those being published will
then apply for the lifting of the suspension of the Company's shares to trading
on the Standard Segment of the London Stock Exchange.

Update on activities

The Directors of NZI continue to see a number of prospective transactions in
the renewable or clean energy technology sector, in line with its existing
acquisition strategy. In the event that a prospective transaction becomes
viable the Directors will notify shareholders.

ENQUIRIES For further information, please visit - www.nziplc.com

Contact Details

Net Zero Infrastructure PLC

Mike Ellwood - Chairman- 07999 329382

Corporate Finance Advisor

Ikonia Fintech Capital AG - David Scott [phone]

Corporate Broker

Axis Capital Markets Kamran Hussain [phone]"