Aura Renewable Acquisiti... Share Discussion Threads

[hedgehog 100] 09/10/2022 14:07

In their recent interim results statement just over a week ago, and similarly to ARA, CINH also noted that the current energy crisis was boosting renewable energy growth:-

30/09/2022 10:10 UK Regulatory (RNS & others) Cindrigo Holdings Limited Interim Results and Loan Note Issue LSE:CINH Cindrigo Holdings Limited

"... The ongoing energy crisis is creating rising demand for secure, stable sources of power, particularly from environmentally sustainable sources as the world races to deliver on net zero targets ..."

[hedgehog 100] 09/10/2022 12:50

From the Aura Renewable Acquisitions plc prospectus, dated 5 April 2022:-

"(iii) The Company has conditionally raised gross proceeds of £1,000,000 ... Under the terms of the Placing, Placees are entitled to receive one Freely Transferable Warrant for each New Ordinary Share subscribed for at no additional cost.
..."

"*Number of Ordinary Shares subject to Warrants 12,780,000"





The large majority of these warrants are exercisable at a share price of 15p/share.
And the others require the market price to have exceeded 15p for some time, and for the first acquisition to have been completed.


In relation to its IPO placing price of 10p, the ARA 'warrants premium' is similar to the situation at TMOR: where the IPO placing price was 1p, and the vast majority of the warrants are 'investor warrants', exercisable at a price of 1.5p/warrant.


So TMOR's proposed RTO at a share price of 2.25p clearly brings its warrants into play.
And this will doubtless be the aim of ARA: i.e. a RTO at a good premium to 15p, to bring its own warrants into play.

[hedgehog 100] 27/9/2022 16:09

The cash shell TMOR (a similar shell to ARA) announced great RTO news on Friday, and if it hadn't been suspended pre-opening, it would probably have been top riser for the weekend: a proposed RTO at a share price of 2.25p, well over double the current share price of 0.95p:-


23/09/2022 07:45 UK Regulatory (RNS & others) More Acquisitions PLC Acquisition - Megasteel and Suspension of Trading LSE:TMOR More Acquisitions Plc

"Proposed Acquisition of Megasteel Limited and Suspension of Trading ...

-- Proposed Acquisition values the current issued share capital of More at GBP2.81 million (vs GBP1.19 million at closing on 22 September 2022) or over 2.3 times the Company's current net cash

Background

Megasteel (www.megasteel.co.uk ), has traded for more than 30 years in the United Kingdom, and is one of the largest stockholders and distributors of high-quality steel for the prestressing and post-tensioning of concretes in the UK. Prestressed concrete is a critical building product used in the UK construction market, from house floors to bridge beams and from railway sleepers to high rise buildings in the City of London. In its financial year ended 31 October 2021, Megasteel made audited pre-tax profits of GBP3m on turnover of GBP19.7m. ...

Nigel Roberts, CEO of Megasteel Ltd added:

"We have built Megasteel over the last 30 years to be one of the biggest suppliers in the UK of prestressing wire and strand, a product used in almost every construction project in the country, and we have been considering a listing of the business for many years. We are pleased to be working with More Acquisitions as the vehicle that will enable us to do this.

Over many years we have been able to grow our sales, generate revenues, make profits and turn those profits into cash which we have reinvested into the business to keep the cycle going. Applied over a long period of time these business methods have produced a profitable business that I am proud to have started. ...

We were attracted to More Acquisitions as our vehicle to list because we liked the simplicity and cost-effective way in which it had been set up with its 'one price for all', no advisory or broking fees, capped listing and on-going costs and no director salaries, the Company and its key stakeholders fitted very well with our views on how a business should be run!"




TMOR floated on 4th. March 2022, just a month before ARA.

[hedgehog 100] 22/9/2022 17:18

"Bosses of Bam, CBRE, Arup and British Land among signatories of letter urging prime minister to deliver on climate promises

Sarah George
Published 21st September 2022

Amazon, Coca-Cola Europacific Partners and Sky are among the 116 businesses and financial institutions urging new Prime Minister Liz Truss to couple plans for dealing with the cost-of-living crisis with plans for climate action. ...

Now, a total of 116 major businesses and financial institutions have written an open letter to Truss, urging her not to sideline the UK’s net-zero transition in favour of short-term economic growth. The letter argues the case for delivering an economic recovery for the UK grounded in low-carbon technologies and nature conservation and restoration.

The letter has been coordinated by the Corporate Leaders Group UK (CLG UK) at the University of Cambridge. Signatories collectively represent £1.8trn of market capitalisation and more than 425,000 members of staff. ...

Summarising the rationale for sending the letter, CLG UK’s director Eliot Whittington said: “The UK is facing severe economic headwinds. The best and only sensible way of facing up to them has to include investing in British renewable energy and helping homes and businesses be more energy efficient. Maintaining and strengthening our focus on net zero and nature protection can help us move beyond the rising costs of fossil fuels and deliver a better economy with more energy and food security, more jobs and greater social equality.”

A report from the CLG this summer concluded that addressing the UK’s rising energy prices in a “climate-friendly” way would not only cut bills for households and businesses now, but reduce the likelihood of future price spikes and be beneficial to the economy in the short and long term. Approaches locking in carbon would deliver lower benefits in the medium and long-term, that report found.

Whittington added: “What’s more, the Conservative Party has rightly enshrined net zero into law and in so doing reaffirmed UK leadership on climate action, further demonstrated at last year’s COP26 summit. UK business and finance leaders urgently want to see more leadership from the government on this agenda, with clear, well-resourced and defined plans to get us on track for a more stable climate and a stronger economy.”"

[hedgehog 100] 22/9/2022 15:34

"'Demand has never been higher': How the energy crisis is proving an 'accelerant' for renewable energy

James Murray
02 August 2022 • 7 min read

Latest data from BloombergNEF reveals 11 per cent increase in global renewable energy financing, as investment reaches record levels - is a tipping point being reached?

The global economic outlook may be worryingly bleak, but there is still little evidence that inflation and dwindling investor confidence are impacting the booming renewables market as investment continued..."

[hedgehog 100] 22/9/2022 13:27

In their recent interim results statement, a couple of weeks ago, ARA noted that the current energy crisis was boosting renewable energy growth:-

07/09/2022 07:00 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Half-year Results LSE:ARA Aura Renewable Acquisitions Plc

"Interim Results for the period ended 30 June 2022

7 September 2022 - Aura Renewable Acquisitions plc, a UK-based company, whose objective is to invest in the global renewable energy sector supply chain and thereby build shareholder value, announces its maiden interim results for the period from the date of incorporation on 4 November 2021 to 30 June 2022. ...

John Croft, the Chairman of Aura commented:

"During this initial financial period the Company joined the Standard Segment of the Main Market of the London Stock Exchange on 8th April 2022 and raised gross proceeds of GBP1,000,000 from a placing and subscription.

"Since listing, Aura has begun to explore a range of potential targets in the UK and overseas which could offer the opportunity for significant growth in this exciting and fast-moving market sector. We have also been in discussions with the Board's extensive professional and business networks to raise the Company's profile and highlight its intentions and objective to this large potential introducer base.

"The current worldwide economic and political uncertainty caused by supply chain issues, inflation, interest rate rises, hostilities in Europe and further afield, the lingering impact of Covid and climate change, have had a dampening impact on capital market activity and fund raisings during 2022.

"Despite these uncertainties, the growth in renewable capacity continues, with solar capacity leading the way. Installed renewable energy capacity around the world increased by 6% in 2021, despite post-Covid delays and rising raw material costs of 15%-25%. The International Energy Agency (IEA) expects 2022 to create further growth of 8% in installed capacity, not least as countries that have relied upon oil and gas from Russia are now accelerating the expansion in renewable energy capacity in response to the war in Ukraine.

"As a result of these market forces, we are more confident than ever that the renewable energy sector will offer excellent opportunities for acquisitive and organic growth for the foreseeable future, and we are committed to ensuring that the Company and its stakeholders have the chance to share in these opportunities." ..."




This further highlights ARA's attractions.

[hedgehog 100] 26/7/2022 16:24

The cash shell TMTA released its final results today, and here are a couple of key points from the Chairman's statement:-

26/07/2022 07:00 UK Regulatory (RNS & others) TMT Acquisition PLC Final Results LSE:TMTA Tmt Acquisition Plc

"Results for the period 25 March 2021 to 31 March 2022

... The recent resets of pricing in technology stocks in our view works to the company's advantage. ...

... we look forward to updating the market on our progress. ..."




That first point supports the view that I set out at the start of post 1 above:-

Hedgehog 100 7 Jun '22 - 17:26 - 1 of 14 Edit 0 0 0
"Poor stock market conditions tend to make it harder to IPO, increasing the attractions of the RTO route, and increasing the bargaining power of shells like ARA.
And meanwhile, the valuations of RTO targets for shells tend to be depressed.
So ironically, the s.p.s of shells like ARA can become depressed at the same time as they are in effect becoming more valuable: more capable of cutting a cracking RTO deal on great terms - i.e. a better shell valuation and lower target valuation, and great quality targets. ..."


As regards deal progress, TMTA is keeping its cards close to its chest, as is to be expected re such negotiations.

But 'reading between the lines', positive progress seems to have been made, and the company may well issue some good news in the near future.

This bodes well for ARA also having made positive deal progress.

[hedgehog 100] 19/7/2022 14:50

Thanks for flagging up that useful article Burton, which contains a specific section on ARA:-

"DATE 14.07.22

SPAC’s : Down but not out"

"Aura Renewables

Aura Renewables (LON:ARA) takes its name from the Greek goddess of the wind, but the company is also open to prospects in the ‘solar, biomass, hydropower, carbon capture, waste management, smart grids and green hydrogen supply chain, and their sub-sectors, ranging from raw materials resourcing to power generation, energy storage and recycling’.

Speaking to TMS founder shareholder Suresh Withana said the company was engaged in a global search and may take on multiple assets, with interests in ‘several different types of companies or … minority interests in several companies so that we are actually acting as a platform of ownership interests in a variety of technologies or businesses in the renewable energy space.’ ARA is probably looking ‘for companies that are relatively mature in the sense that they are already pre-existing businesses that are typically in private hands that are now looking for a way in which to access capital markets.’ Withana describes ARA as a blank slate, with longer term ambitions to develop a company to a market cap of ‘about £300m, half a billion or higher’, an established ‘well traded, well covered and liquid stock.’"

[burtond1] 14/7/2022 06:12

SPAC's : Down but not out say @TMSreach"...But investors prepared to exercise due diligence, and looking to get in early before the market tide turns once again towards more speculative ventures, might want to have a look at the some of the UK's smaller SPACs. It is important to note that such companies can apply for exemptions from the FCA rules requiring that SPACs list with a minimum market capitalisation of £30m..."https://total-market-solutions.com/2022/07/spacs-down-but-not-out/

[hedgehog 100] 28/6/2022 17:19

"Global Supply Chains Need Upgrading for a Green, Inclusive, Resilient and Socially Responsible Future

Article | 22 June 2022
Read time: 7 mins

KEY TAKEAWAYS

✔ The COVID-19 pandemic highlighted the fragility of global trade and supply chains.

✔ Supply chains must become more resilient, but they also need to be adapted to help with issues such as climate change, unfair labor practices and gender inequality.

✔ That change must start with making trade and supply chains digital so that they can be measured and monitored."

[hedgehog 100] 12/6/2022 09:28

"Contracts for Difference for Low Carbon Electricity Generation

Consultation on Updating the Allocation
Round 5 Supply Chain Plan Questionnaire

Closing date: 14 June 2022

May 2022

... As part of the government’s Net Zero agenda, we have committed to a fully decarbonised electricity system by 2035, subject to security of supply considerations. Delivering this will require rapid and sustained scale-up of low carbon electricity generation deployment. The Contracts for Difference (CfD) scheme is fundamental to achieving this goal as our main renewable energy deployment support mechanism, supporting low cost, low carbon generation that helps to drive down the cost of electricity for consumers, and in turn reduce living costs. The fourth Allocation Round (AR4) started in December 2021. Key to the success of the CfD will be delivering an efficient, competitive and innovative supply chain that supports the roll out of major renewable energy projects and the transition to Net Zero. To that end, the government has a Supply Chain Plan (SCP) policy for all large (300MW+) projects applying for a CfD.

The government wants to better integrate all aspects of our energy policy, including deployment, supply chains and security of supply. The Net Zero Strategy: Build Back Greener and the Build Back Better: Our Plan for Growth both highlighted the importance of the supply chain in the deployment of low carbon generation. In 2021, the government introduced a new Supply Chain Plan format and process for the CfD scheme which made substantial progress towards integrating supply chain policy and our decarbonisation objectives. These changes included a more in-depth questionnaire and process than in previous Allocation Rounds. ..."

[hedgehog 100] 09/6/2022 16:18

The current global supply chain challenges have highlighted the importance of supply chain management, which could create opportunities for investors, and for ARA:-

13.4.22:-
" ...Withana though says there’s not one, but several key differentiators between Aura and its peers. “We are the only global renewable energy SPAC focused on the supply chain, and I would challenge anyone to tell us there’s an analogue to us on the London market because we know that’s not true,” says Withana ..."



Indeed, as well as ARA, today's third highest riser RGP (up 13%) is also targeting supply chain management opportunities:-

15/09/2021 14:32 UKREG Ross Group PLC Half-year Report
" ... Throughout the COVID pandemic period, the Group has continued diligently researching and exploring specific supply chain management strategic opportunities; primarily involving potential start-ups, mergers, acquisitions and/or business alliances. ... "



RGP has a market cap. of £3.96M. at its current share price of 1.7p, over three times its last published assets, despite having zero interim revenue.

And last summer its share price traded at over double that.

Indeed early last year its share price nearly quadrupled in under two months, from 1.05p to 4.1p.

[hedgehog 100] 09/6/2022 15:09

CRES was suspended for a RTO this morning, at 3p, with an implied RTO price of 4.625p.

And like NZI's, it looks like a good one: a potentially large and high-grade gold project, with significant exploration work already conducted:-

09/06/2022 07:40 UK Regulatory (RNS & others) Citius Resources PLC Statement re. Suspension LSE:CRES Citius Resources Plc

"Proposed Transaction and Suspension of Listing

Citius Resources plc (the "Company" or "Citius"), an investment company listed on the London Stock Exchange, is pleased to announce that it has entered into a binding Heads of Terms with regard to the possible acquisition of 100% of the share capital of AUC Mining (U) Limited ("AUC') to be satisfied by the issue of New Ordinary Shares of the Company ('the Proposed Transaction').

AUC holds the Kamalenge Gold Project in the Mubende Gold District, Uganda. The Project has the potential to be a large and high-grade gold project based on preliminary due diligence of the exploration work completed by the Company and its consultants. AUC have completed extensive work and expenditures on the Project over recent years yielding substantial drilling and exploration data for the Company to advance.

Citius has agreed, subject to further due diligence, to acquire the entire share capital of AUC for total consideration of GBP2,000,000 (two million pounds), to be satisfied in full by the issue of 43,243,333,242 new shares of the Company at an implied price of GBP0.04625 per share ("Acquisition"). ..."




This further shows the potential of shells in even challenging stock market conditions ... even when they have less cash backing that ARA's.

As at 31st. October 2021 CRES had £807,582 of cash, which by now of course will be less.

Whereas at its 3p suspension price today, it has a market cap. of £1.3M.

I.e. unlike ARA it was trading at a significant (albeit not huge) premium to cash: a significantly higher market cap. than ARA's, but with less cash.

But it has still arranged a conditional RTO at an implied premium of over 50% to its current s.p.

[hedgehog 100] 09/6/2022 14:15

13.4.22:-
"Like some of the other SPAC’s that have been blown onto the London Stock Exchange over the past six months, Withana and the rest of the board acquired shares in the company at the same price and on the same terms as all investors coming into the IPO."



ARA has a market cap. quite close to its cash, due to the absence of free shares being given out, and the fact that it is now near its IPO price.

Moreover, its running costs will be refreshingly low, avoiding the sort of cash-burn that can hit many other shells.

So no 'snouts in the trough' here, and every incentive to arrange a tasty RTO ASAP.

Which from this lowly level could mean some pretty big upside.


It seems crazy that this is priced so close to cash, when there's so much potential upside.

But it's still off the radar screens of many investors, having only floated in April.

Though as news get out the audience for the stock should be widened significantly.

[hedgehog 100] 08/6/2022 17:40

From ARA's prospectus dated 5 April 2022, re all four directors:-

" ... not entitled to a fee until the first Acquisition has been completed, at which time his subsequent entitlement to a fee will be considered by the Nomination and Remuneration Committee. ..."

Some other prospectus extracts:-

" ... The Directors believe that their existing relationships will enable the Company to access investment opportunities in the Global Renewable Energy Sector Supply Chain. In particular, David Fitzsimmons and Guy Ranawake provide the Board with considerable experience and in-depth knowledge of the global renewable energy market. The Company will continue to conduct research and regularly monitor the renewable energy industry for potential targets. ..."

"Company Strategy

The Company will concentrate on creating value for its Shareholders through the acquisition and effective development of businesses operating within the Global Renewable Energy Sector Supply Chain. The aim is to create value by building a group of significant scale that will serve UK and international markets.

The Company intends to leverage the deep industry knowledge of its Board to undertake due diligence on the commercial attributes of a target entity’s business and the Company will engage professional advisory firms to undertake legal and financial due diligence. The Company anticipates considering a number of potential opportunities but will only seek to move to a more formal but non-binding letter of intent stage with targets which meet its internal acquisition criteria. ..."

[hedgehog 100] 08/6/2022 16:36

It's interesting to compare ARA's value with that of another shell that floated recently, with a similar amount of cash to ARA: GSC (GS Chain).

GSC floated at 1p, but has risen to its current share price of 5.5p, despite not even announcing any news, giving it a market capitalisation of £22M.

Which is over £20M. more than ARA's current market cap.: £1.024M., at 9.75p.


13/05/2022 08:00 UK Regulatory (RNS & others) GS Chain PLC Admission to trading and first day of dealings LSE:GSC Gs Chain Plc

"GS Chain is pleased to announce that admission of its shares to trading on the London Stock Exchange's main market ("LSE") will take place and dealings will commence at 8.00 a.m. today, under the ticker GSC and ISIN number 984500K398M8C508B642.

The Company is direct listing 399,985,888 Ordinary Shares on the Official List. Market capitalisation at 1p is GBP3,999,858.88.

About GS Chain

GS Chain intends to identify opportunities within the technology sector, to conduct the necessary due diligence and subsequently complete an Acquisition. While the Directors will consider a broad range of technology sectors, those which the Directors believe will provide the greatest opportunity and which the Directors will initially focus on include the use of technologies in real estate, banking, finance, fintech, telecommunications, automotive and blockchain industries. The Directors may consider other sectors if they believe such sectors present a suitable opportunity for the Company.

The Company's objective is to generate attractive long term returns for Shareholders and to enhance value by supporting sustainable growth, Acquisitions and performance improvements within the acquired companies. The Directors will also use their knowledge and experience across a wide range of industry sectors in acquiring, investing and integrating businesses, which allows them to assess the viability of acquisition opportunities and their management teams, which is fundamental to finding the right Acquisition.

The Company's admission document is available to view on its website hxxps://gschain.world/"




GS Chain (GSC):

[hedgehog 100] 08/6/2022 15:54

Shell company PNPL nearly doubled in the first half of April, despite not even announcing any news.

PNPL is currently 6p, market cap. £3.58M.

But unlike ARA, PNPL is trading at multiples of its cash, which even at the end of last June was below £1M. (£930K.)

Pineapple Power (PNPL):

[hedgehog 100] 07/6/2022 17:34

"EU reveals its plans to stop using Russian gas

By Jonah Fisher
Environment Correspondent

Published 18 May

The European Commission has given more details on how it plans to end Europe's dependence on Russian fossil fuels.

Russia supplies 40% of the EU's natural gas and 27% of its imported oil. The EU sends the country roughly €400 billion a year in return.

Now the EU plans to speed up its shift to green energy but says it must also invest in pipelines in other countries. ...

The strategy focuses on three key topic areas. Improving energy efficiency, expanding the use of renewable energy and securing non-Russian suppliers of oil and gas. ...

The REPowerEU plan is estimated to cost €210 billion (£178 billion) over the next five years. ...

More green energy

The bloc has earmarked €113 billion for a "massive scale up in renewables" and new hydrogen infrastructure.

New EU legislation is being proposed to make it easier to build solar and wind farms.

"Whenever we talk about rapid deployment of renewables, there is an elephant in the room- getting a permit," said Frans Timmermans, vice president of the European Commission.

"It might take as long as nine years for wind and up to four years for solar projects, so this is time that we do not have and we have to speed things up," he added.

The Commission has proposed specially designated "go-to" areas where permission can be given in just one year. Certain new buildings could also be required to have solar panels installed on the roof.

The EU target for renewable energy has also been more raised. The goal is for green energy to provide 45% of energy needs by 2030, up from 40%. ..."

[hedgehog 100] 07/6/2022 17:04

Last month's exciting RTO news from NZI shows the potential of shells in even challenging stock market conditions.

And NZI is quite a similar shell to ARA.


19/05/2022 08:11 UK Regulatory (RNS & others) Net Zero Infrastructure Plc Proposed Acquisition and Suspension of Listing LSE:NZI Net Zero Infrastructure Plc

"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, is pleased to
confirm that it has signed a non-binding letter of intent ("LOI") to acquire
the entire issued share capital of Taylor Construction Plant Limited and Solar
Highways Limited ("TCP" or "the Target"). TCP is a UK based infrastructure
services business, for a combination of cash consideration and new shares in
the Company (the "Proposed Transaction"). The Proposed Transaction, if
completed, and an associated proposed placing of shares by the Company, details
of which will be announced in due course, would result in the shareholders of
the Target having a significant minority interest in the enlarged group.

The principal activity of TCP is the supply and hire of specialist equipment to
UK infrastructure and construction contractors. TCP is transitioning its
existing business from diesel-powered to zero emission equipment powered by
hydrogen and other renewable sources. This is carbon neutral at the point of
use and offers customers an alternative to the use of diesel across a wide
range of market applications, including in construction, events, film, and
temporary power. The Target is profitable and includes as its customers a
number of leading participants in the infrastructure services market. ..."

[hedgehog 100] 07/6/2022 16:26

Poor stock market conditions tend to make it harder to IPO, increasing the attractions of the RTO route, and increasing the bargaining power of shells like ARA.

And meanwhile, the valuations of RTO targets for shells tend to be depressed.

So ironically, the s.p.s of shells like ARA can become depressed at the same time as they are in effect becoming more valuable: more capable of cutting a cracking RTO deal on great terms - i.e. a better shell valuation and lower target valuation, and great quality targets.


Which makes a shell like ARA - with both great cash underpinning and great deal prospects - a great place to 'park funds' at the moment.

Many investors may wish to reduce their exposure to shares in companies with trading businesses, but holding cash for months doesn't give any real direct upside - certainly in the short term.

ARA though has both underpinning, and great potential upside - it could easily multibag from this level on a good deal.

And you don't have to worry about funds being tied up here for a while if you won't be using them anyway.

[hedgehog 100] 07/6/2022 16:05

Current share price 7th. June 2022: 9.75p
10,500,000 shares in issue
Market capitalisation: £1.024M.


13.4.22:-
"Withana describes Aura as a blank slate, one that makes one or several targets to become a substantial company. He says we’re talking “about 300, half a billion or higher in terms of size and market cap” and “our ambitions are to have a well traded, well covered and liquid stock.”"



"A Platform Focused on Global Renewable Energy

The scientific evidence of climate change, technological advancement, and increasing government support are expected to create attractive investment opportunities in the global renewable energy supply chain."




08/04/2022 08:00 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Initial admission - Offcl Lst LSE:ARA Aura Renewable Acquisitions Plc

"Admission to listing on the Official List and to trading on the London Stock Exchange

Aura (LSE: ARA) is pleased to announce that its entire issued ordinary share capital of 10,500,000 ordinary shares of GBP0.01 each ("Ordinary Shares") has today been admitted to listing on the standard segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of London Stock Exchange plc under the TIDM "ARA" ("Admission").

The Company will pursue opportunities to acquire businesses in the renewable energy sector. The Company intends to consider opportunities within the renewable energy sector focusing on businesses operating in the global renewable energy sector supply chain, particularly participants in the wind, solar, biomass, hydropower and green hydrogen supply chain ranging from raw materials resourcing to power generation, energy storage and recycling.

Prior to Admission, the Company had in issue 500,000 Ordinary Shares and at Admission issued a further 10,000,000 new Ordinary Shares at an issue price of 10 pence per Ordinary Share, by way of a placing of 9,000,000 Ordinary Shares and subscription of 1,000,000 Ordinary Shares, raising gross proceeds of GBP1,000,000.

Following Admission, the total number of Ordinary Shares in issue will be 10,500,000 and this number may be used by shareholders as the denominator for the 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.

Aura is a public limited company incorporated in England and Wales with company number 13723431. The Ordinary Shares are registered with ISIN GB00BKPH9N11, SEDOL code BKPH9N1, TIDM "ARA" and LEI 894500XA241IB9HL7147.

- Ends -

For further information please contact:

Aura Renewable Acquisitions plc
John Croft [phone]
Shard Capital Partners LLP - Broker
and Placing Agent
Damon Heath [phone]
DMH Stallard LLP - Solicitors to the
Company
Nick Williams [phone]"

[burtond1] 13/4/2022 06:20

Looking for a potential #CleanEnergy Tech SPAC? Then think Aura"...we are the only global renewable energy #SPAC focused on the supply chain..."The founding shareholder of #ARA @SWithana18 catches up with @copytaster to expand on the opportunities...https://total-market-solutions.com/2022/04/aura-renewable-april-2022/

[burtond1] 12/4/2022 10:23

ARA.L (Aura Renewable Acquisitions PLC)