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AMTE Amte Power Plc

0.80
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Amte Power Investors - AMTE

Amte Power Investors - AMTE

Share Name Share Symbol Market Stock Type
Amte Power Plc AMTE London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.80 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.80
more quote information »
Industry Sector
ALTERNATIVE ENERGY

Top Investor Posts

Top Posts
Posted at 17/11/2023 05:59 by mick1909
Following Admission, the Company will have 246,259,777 Ordinary Shares in issueVery small amount of shares on offer at the moment and during the end of a bull cycle we see more irrational behaviour from investors looking to make a fast buckHave seen it recently with enet its last chance saloon with alot of investors as they are maxed out on debt in this 15 year cycle can see this doing a couple of hundred percent but bank profits
Posted at 16/11/2023 19:26 by amaretto1
Thus Nonce Is a AGL investor Who if the fool didn't know is running out of cash January placing at the very latest
Posted at 16/11/2023 15:25 by mally6
Knew this was going to survive not selling now got to be worth many multitudes os current share price wonder who the investors are buying at 1.7p will look happy when it hits 10p
Posted at 10/11/2023 18:56 by amaretto1
The question Is the investor playing AMTE Along with others in this Spiv shark pit I've witnessed this before with DDDD pharmaceutical A investor took them right to the wire Then pulled the plug ...then sold all the assets for peanuts, including a factory in France ... a court case is activeWhen i say they are all in it Panmure Gordon are AMTE joint brokerBut I'm pretty certain they have a short position open ... could it be market mechanics ? The demand for Cells is huge / the tariff benefit angle is huge Yet all the billions of cash investment in the green sector constantly banded about Were is it ??
Posted at 16/10/2023 14:07 by tomboyb
I can buy 1.25million at 1.032p -

Clearly MMs don't want to hold and maybe a few investors -
Posted at 01/10/2023 18:06 by amaretto1
Management would in absolutely NO circumstances let private investors take part in a fund raise if AMTE were going to the wall Bare this fact in mind !
Posted at 28/9/2023 12:00 by encarter
I must admit that I need to do more research but bought a few yesterday and again today.This statement got me interested."During the course of its due diligence, the Potential Equity Investor has advised that it can, where suitable, introduce companies in which it has an equity interest to AMTE Power with the view to generating offtake agreements for sodium-ion battery cells. It would also provide similar introductions to other companies with which it has strategic relationships, where battery technology is currently being deployed at large scale in various industries, for example in renewable energy."The investor must be a big player as it has other companies " in which it has an equity interest" and " other companies with which it has strategic relationships" Also in the battery technology sector.Any ideas as to who it might be? Who has an interest in any large renewable energy companies?
Posted at 28/9/2023 10:01 by tomboyb
As an investor, I've taken a few here. There are quite a few questions that perhaps I would ask -

Not sure why Directors have not participated here and one worry is the strategic investor is yet to come on board -

Certainly when it comes to battery development, you need quite a bit of money and nothing in the UK so far has succeeded -

I hope the strategic investor is a strategic investor -
Posted at 25/7/2023 15:45 by tomboyb
AMTE Power PLC Loan facility to facilitate proposed equity raise
25/07/2023 3:44pm
UK Regulatory (RNS & others)

Amte Power (LSE:AMTE)
Intraday Stock Chart

Tuesday 25 July 2023

Click Here for more Amte Power Charts.
TIDMAMTE

RNS Number : 1550H

AMTE Power PLC

25 July 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO 596/2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

For immediate release

25 July 2023

AMTE Power Plc

Loan facility to facilitate proposed equity raise

Further to its earlier announcements, most recently on 20 July 2023, AMTE Power Plc (AIM: AMTE) ("AMTE Power" or the "Company" and, together with its subsidiary undertakings, the "Group"), a leading developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets, is pleased to announce that it has agreed a new secured GBP1.0 million loan facility (the "Facility") with Arena Investors LP ("Arena") in order to provide sufficient time for the Company and a potential new equity investor (the "Equity Investor") to complete a proposed initial equity investment of GBP2.5 million (the "Proposed Subscription") (together, the "Initial Recapitalisation Plan").

Funds under the Facility will be made available to the Group in two equal tranches of GBP0.5 million each, the first of which will be drawn down within two business days. The second tranche will be available to be drawn down upon mutual written consent between Arena and the Company. The Facility, which bears no interest but is fully secured over the assets of the Company, is repayable in full at 110 percent of the total amount drawndown on the earlier of: (a) the completion of the Proposed Subscription; or (b) the date falling three months following entry into the Facility.

In addition to providing this Facility, Arena has agreed to relinquish the conversion rights attaching to its pre-existing convertible bond facility (the "CBF"), announced on 17 October 2022, of which GBP4.0 million has been drawn down to date, with GBP3.75 million outstanding. The Company and Arena are due to formalise an agreement to repay amounts drawn down under the CBF as to GBP1.0 million on the first anniversary of the bridge loan agreement, subject to available funds, with the balance due on the second anniversary. In consideration for this amendment, the Company and Arena will enter into documentation granting Arena warrants to subscribe for 2 percent of the share capital of the Company as enlarged by the Initial Recapitalisation Plan at a 100 percent premium to the issue price thereunder. The warrants will become exercisable 12 months following the subscription under the Initial Recapitalisation Plan with a duration of 24 months from issue. Additionally, the Company has granted Arena security over the Company's assets for the full loan.

The Equity Investor has conditionally proposed to subscribe GBP2.5 million, at an indicative price, subject to due diligence and certain other conditions, of 1.7 pence per share for 147,058,823 new ordinary shares of 0.5p each in the capital of the Company, which would result in the Equity Investor holding 80 percent of the issued share capital of the Company, as enlarged by such subscription. The Proposed Subscription of GBP2.5 million will, if completed, provide the Company with sufficient financial resources to the end of September 2023. However the Equity Investor has indicated that, following its Proposed Subscription and at its own discretion, it intends to implement a financial solution for the Group, including providing for future funding requirements. The Equity Investor would also have the sole discretion to allow the investment in the Company under the terms of the Initial Recapitalisation Plan to be extended to other investors. The Company notes that the terms and quantum of the Initial Recapitalisation Plan and any funding beyond has yet to be agreed and remains uncertain at this stage.

At this stage, discussions on the Initial Recapitalisation Plan remain at an early stage and there can be no certainty that these discussions will be successfully concluded, nor the terms or timing thereof. The Initial Recapitalisation Plan would be subject to, amongst other things: (i) the Equity Investor satisfactorily concluding its internal procedures and due diligence; (ii) the Takeover Panel agreeing to waive the obligation under Rule 9 of the City Code on Takeovers and Mergers to make a mandatory offer for the entire issued share capital of the Company, subject to the approval of the independent shareholders; (iii) the Investment Security Unit of the Department for Business, Energy and Industrial Strategy approving the Proposed Subscription in accordance with the terms of the National Security and Investment Act 2021; and (iv) the Company obtaining the necessary shareholder authorities at a general meeting of shareholders of the Company to issue the Subscription Shares.

Further announcements will be made in due course.

Alan Hollis, CEO at AMTE Power, said:

"I am very pleased to announce the bridging loan to be provided by Arena, which buys AMTE Power the time and financial resources to allow the Equity Investor to complete its due diligence and internal procedures ahead of some much needed further investment in the business."

The person responsible for arranging the release of this announcement on behalf of the Company is Anita Breslin, Chief Financial Officer of the Company.

Enquiries
Posted at 20/7/2023 07:08 by tomboyb
AMTE Power PLC Financing update
20/07/2023 7:00am
UK Regulatory (RNS & others)

Amte Power (LSE:AMTE)
Intraday Stock Chart

Thursday 20 July 2023

Click Here for more Amte Power Charts.
TIDMAMTE

RNS Number : 5852G

AMTE Power PLC

20 July 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO 596/2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

For immediate release

20 July 2023

AMTE Power Plc

Financing update

Further to its earlier announcements, AMTE Power Plc (AIM: AMTE) ("AMTE Power" or the "Company"), a leading developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets, today announces a further update to its financing position.

The Company continues to be in discussions with existing and potential investors concerning raising further finance. However, given the further passage of time since the most recent announcement on 29 June 2023, the Company's financial situation is becoming ever more critical.

Having managed its resources, the Company now needs to implement a solution within the next few business days. Whilst active discussions continue with existing and potential investors, there can be no certainty of the outcome of these discussions, in which case putting the Company into administration is ever more likely. In the event that the Company is put into administration, trading of its shares on AIM would be suspended with immediate effect.

Accordingly, should the Company be unable to secure additional funding, the prospects for recovery of value, if any, by shareholders would be remote.

Further announcements will be made as and when appropriate.

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