Aura Renewable Acquisiti... Share Discussion Threads

[hedgehog 100] 06/5/2023 14:55

Change % Chg Cur Bid Offer High Low Open Volume Chg Time RN NRN
0.50 10.0% 5.50 5.00 6.00 5.50 5.00 5.00 89,175 16:02:44

Recent Share Trades for Aura Renew Acq (ARA)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
05-May-23 16:02:33 5.50 6,720 Buy* 5.00 5.50 369.60 O
05-May-23 14:55:40 5.49 14,390 Buy* 5.00 5.50 790.01 O
05-May-23 08:54:25 5.475 18,065 Buy* 5.00 5.50 989.06 O
05-May-23 08:37:44 5.45 50,000 Buy* 4.50 5.50 2,725 O


A nice end to the week yesterday for ARA: up 10% to 5.5p mid, on volume of 89,175 shares traded - all of which were buys.

There was under £5K. of stock available to buy yesterday for c. 5.5p/share, before the ask moved up to 6p.

So it shouldn't take much more buying to move ARA swiftly back up to the 7.5p - 8p range, to at least reflect its cash per share: anything less seems absurdly incongruous.

[hedgehog 100] 05/5/2023 13:03

From ARA's prospectus dated 5 April 2022:-

" ... 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. ..."




In Messrs Fitzsimmons & Ranawake, you could hardly wish for a more ideally and impressively suited pair of directors to attract and arrange a great green energy RTO:-

"David Fitzsimmons, Non-Executive Director

David Fitzsimmons is highly experienced in the energy business, in both executive and non-executive positions. After a 27-year career with BP, from 1978 to 2004, he served as CEO of the UK listed renewables company Novera Energy for 4 years, from 2005 to 2009. He has subsequently advised a number of other renewables companies, including serving on the strategic advisory board of Braemar Energy in New York from 2005 to 2020.

Currently, David is a Member of the Technology Expert Service at Imperial College and has been since 2019, providing support and guidance on the commercialisation of its technologies, and has been a member of Pearlstone Energy’s Advisory Board from 2018.

Additionally, David is Chairman of Locate in Kent (appointed in 2015) , the Inward Investment Agency for Kent, as well as a Governor of Skinners Kent Academy (appointed in 2011). David has also been appointed as a director of the Skinners’ Academy, with effect from 1 January 2022. David was made Chairman of Dig Deep in 2021, having been a director and trustee since 2017, a charity that brings clean water and hygiene training to rural communities in Kenya.

Previously, David served as a director at the Renewables Energy Association (REA) from 2007 to 2009 and the International Petroleum Exchange (IPE) from 1996 to 1997. He resides in the United Kingdom.

Guy Ranawake, Non-Executive Director​

Guy Ranawake is an experienced financial professional with considerable experience in the renewable energy space. He is currently an Independent Adviser to a variety of technology-focused SMEs including Exagen (from 2020) (a grid-scale solar and storage developer), with a particular focus on business strategy and capital raising. Most recently, in December 2021, he became a Designated Member of SRC Partners LLP, an LLP set up for the purpose of fund management focused on private market opportunities in the sustainability and energy transition space.

Guy is also Chair of the Dalgarno Trust, having been appointed in November 2020, a charity that aims to improve the lives of those living in North Kensington, London.

From 2016 through to 2020, Guy was the Senior Investment Director and Fund Manager of Ingenious Group, an Alternative Investment Fund Manager (“AIFM”) authorised and regulated by the FCA, where he managed infrastructure and infrastructure technology funds investing in renewable energy assets and technology providers, involved in businesses such as smart grids, electric vehicle charging, and energy efficiency solutions.

He also has prior experience at Evercore (2008 to 2015), Barclays (2007 to 2008) and Citi (1995 to 2003), where he held director positions in their respective Energy and Infrastructure teams. Guy has been an Associate of the Institute of Chartered Accountants of England and Wales (“ICAEW”) since 1993, having qualified with PWC (1990 to 1995). He resides in the United Kingdom."

[hedgehog 100] 05/5/2023 12:22

ARA are making sure in advance that investors will back their intended RTO deal, and the board looks very credible and well-connected for this purpose:-

16/01/2023 07:00 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Post Year End Operational Update LSE:ARA Aura Renewable Acquisitions Plc
" ... The Company has actively and selectively reviewed potential international acquisition targets since listing and at the same time the Board has taken soundings from the investor community to seek to best fit investment appetite with the opportunities available. ..."


05/04/2023 07:00 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Annual Results LSE:ARA Aura Renewable Acquisitions Plc
" ... The Company continues to actively review potential acquisition targets at various stages of development and operating in a number of geographic regions, all of which have potential global relevance. We also continue to take soundings from the investor community to thereby best fit investment appetite with the opportunities available. ..."

[hedgehog 100] 04/5/2023 15:53

Some more 'SPAC spec.'

Another potential energy storage RTO into ARA, to Superdielectrics, could be this impressive privately-held British battery tech company:-


"Power to make a difference.

Delivering a step change in energy density by creating class-leading battery materials to realise a more sustainable world.

Batteries are critical for meeting future energy demand, but what if we could use fewer of them?

More energy.
Less space.

Nexeon’s silicon anode material replaces graphite in traditional battery cells, dramatically increasing energy density."




"Applications

Today's challenges require new solutions.

Electric Vehicles

Lithium-ion is the dominant battery technology for the electric vehicle market. Nexeon can help to produce lighter, cheaper and more powerful battery packs.

Wearable Devices

The wearables market continues to push the boundaries by delivering more features and performance in smaller devices. Nexeon can enable a significant increase in space and mass efficiency.

Medical Devices

Specialist batteries face even more stringent design constraints. Nexeon can help to improve the overall user experience and comfort for those reliant on these critical devices.

Consumer Electronics

Devices from cameras, power tools and drones to laptops and phones are in need of high power and high charge and discharge rate battery capability. Nexeon materials are compatible with high power applications."




"Our Technology

The next generation of battery materials, ready for use today.

Our technology has unlocked the potential of silicon-based anodes, delivering a step change in energy-dense materials. Backed by over 170 patents and an extensive portfolio of industry-leading cell manufacturing and automotive partners, we are paving the way to a sustainable, electrified future.

Harnessing the power of silicon

Silicon has ten times higher specific capacity than graphite and is capable of holding more lithium in a given mass.

This means it has enormous scope to make cells with a higher energy density. Silicon is currently being adopted as a partial replacement for carbon in battery anodes, but problems arise from expansion and contraction when the cells are charged and discharged.

Nexeon's NSP1™ and NSP2™ flagship materials have overcome this hurdle, making silicon anodes a viable transformative technological solution at scale.

Introducing the era of Generation 2 battery materials."




And interestingly, the company's website states that it is "perfectly positioned to scale our business" ... which suggests that it could be an ideal time to float:-

"About us

Nexeon is a global leader in the development and manufacturing of ground breaking silicon based anode materials, dramatically enhancing the performance of Lithium-Ion batteries.

Our leadership team boasts decades of experience in inventing and bringing new technologies to market across the chemical, battery and automotive industry. Our talented teams come from a wide range of industries and academia, including from leading companies of battery material chemistry, major cell manufacturers and Automotive OEMs.

With our HQ based in Oxfordshire, UK and a technical centre in Yokohama, Japan, our scientists armed with expertise in inorganic chemistry and synthesis, electronics, battery technology and process engineering, are perfectly positioned to scale our business and provide a strong base for supporting our partners and customers."

[hedgehog 100] 03/5/2023 18:32

03/05/2023 15:45 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Result of AGM LSE:ARA Aura Renewable Acquisitions Plc

"Results of the Annual General Meeting ('AGM')

The Company announces the voting results of its AGM, held earlier today at the offices of DMH Stallard LLP, 6 New Street Square, New Fetter Lane, London EC4A 3BF. All resolutions were duly passed by shareholders by way of a poll. ..."

[hedgehog 100] 03/5/2023 15:52

ARA's RTO target selection has been subtly but noticeably advanced and refined this year, as is shown by a comparison of the company's mid January and mid April updates.

On 16th. January, ARA simply gave battery tech. companies as an EXAMPLE area of interest, albeit the only such example named.

But by 19th. April, ARA had moved on to specify this as their PARTICULAR area of interest... i.e. no longer merely just an example.

Reading between the lines, it looks like discussions and evaluation to date in this area have been productive, and the next significant step could be the signing of heads of terms.


16/01/2023 07:00 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Post Year End Operational Update LSE:ARA Aura Renewable Acquisitions Plc
" ... The Company has actively and selectively reviewed potential international acquisition targets since listing and at the same time the Board has taken soundings from the investor community to seek to best fit investment appetite with the opportunities available.
Amongst others, and by way of example, companies in the energy storage sector, developing next-generation battery technologies, have drawn the Company's attention. Batteries play an essential role in the energy sector supply chain, facilitating the transition to a net zero economy and a more sustainable environment.
Many countries, including the United States and the United Kingdom, have realised the importance of secure domestic supply chains and have introduced legislation, government grants and other incentives to support their battery industries - an example being the Inflation Reduction Act under the President Biden Administration. ... "


From the 19.4.23 ARA video interview:-
"... The sectors that we're particularly interested in are in energy storage generally, but particularly in battery technologies. ..."

[hedgehog 100] 03/5/2023 09:56

The UK's first Lithium-Ion battery recycling plant has just been approved.

And the share price of its part owner, Technology Minerals (TM1), has more than doubled recently, from 0.875p on 24th. March, to 2.25p today (market cap. £34M.)

This is a sign that investor enthusiasm for battery stocks is returning, and that this essential industry is developing strongly.

In which case an ARA RTO in this area could be perfect timing, and hugely profitable.


25/04/2023 07:00 UK Regulatory (RNS & others) Technology Minerals PLC EA Approves Lithium-ion Battery Recycling Plant LSE:TM1 Technology Minerals Plc

"EA Approval for Lithium-ion Battery Recycling Plant

UK's first industrial scale lithium-ion batteries recycling facility to commence operations after securing EA permit and ABTO status

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, is pleased to announce that its 48.25% owned battery recycling business, Recyclus Group Ltd ("Recyclus"), has received final clearance from the Environment Agency ("EA") to commence full operations at its lithium-ion ("Li-ion") battery recycling plant in Wolverhampton, West Midlands. Recyclus has also been awarded Approved Battery Treatment Operator ("ABTO") status by the EA, allowing it to commence recycling operations immediately, with on-site treatment and processing of spent Li-ion batteries.

The EA permit allows Recyclus a daily storage limit of 140 m(3) (c.100 tonnes) and to process up to 22,000 tonnes of Li-ion batteries per annum. It is expected that 8,300 tonnes will be processed in the first year, utilising a single shift pattern of labour during the standard working week. Applications for licence variations to operate additional shifts will be considered in due course as will the potential to increase processing capability.

The approval from the EA for the Wolverhampton plant is a major milestone for Recyclus, making it the first industrial scale plant in the UK with the capability to recycle Li-ion batteries. Operations will commence on completion of the fire prevention systems installation which is expected shortly. This will be followed immediately by a plant commissioning phase, which is expected to commence in June this year.

Following commencement of operations, Recyclus anticipates the receipt of gate fees for collection and storage of Li-ion batteries, and from the sale of black mass, produced from the recycling process. Black mass contains critical battery metals that can be sold back into the battery supply chain.

Recyclus owns the IP for both the process and the plant which is designed to process most Li-ion battery types. Recyclus will manufacture all plants, including those designed specifically for OEM clients, here in the UK. Recyclus's aim is to increase the UK processing capability to c.50,000 tonnes per annum through the construction of five more Li-ion recycling plants.

BIS Research latest study, Black Mass Recycling Market - A Global and Regional Analysis, states the global black mass recycling market, valued at $9.22bn in 2022, is projected to reach $53 bn by 2031.

Robin Brundle, Chairman of Technology Minerals, said: "We are pleased to announce that we have received final EA approval to commence full automated operations at our Li-ion battery recycling plant in Wolverhampton. This is a significant moment for the Company and the UK. The Wolverhampton plant has become the first facility in the UK with the capability to recycle Li-ion batteries on an industrial scale.

"Given the global shift towards electrification and the growing demand for Li-ion batteries, we believe we have a compelling first mover advantage in this burgeoning market. Our aim is to establish enduring partnerships with businesses and organisations, both in the UK and internationally, offering them an environmentally friendly solution for their end-of-life batteries. With feedstock stored and ready to be processed, everything is in place to ramp up operations at the facility and start generating revenues." ..."




Technology Minerals (TM1):-

[shortcpx] 03/5/2023 01:04

Thanks for sharing. Bodes well

[hedgehog 100] 02/5/2023 18:07

Some very relevant and encouraging news last week for ARA from PNPL, a shell with significantly less cash than ARA, but a market cap. well over four times higher (£2.28M. at 2.74p):-

24/04/2023 08:00 UK Regulatory (RNS & others) Pineapple Power Corporation PLC Proposed RTO of Element 2 Limited LSE:PNPL Pineapple Power Corporation Plc

"Heads of Terms signed

Proposed Reverse Takeover of Element-2 Limited

Suspension of Listing

The Company is pleased to announce that as of 21 April 2023 it has entered into a non-binding heads of terms with Element 2 Limited ("E-2" or "Element 2"), based in Yorkshire in the United Kingdom, to acquire 100% of the outstanding shares in E-2 in an all-share transaction, subject to legal, financial and other due diligence and entry into a legally binding sale and purchase agreement (the "Proposed Acquisition"). As no binding agreement has yet been reached, the Company cannot guarantee that the Proposed Acquisition will complete.

About Element 2

Element 2 is the UK's leading hydrogen refuelling business. The company works closely with vehicle manufacturers, transport operators and fleet owners to identify and develop hydrogen refuelling sites and provide a regular supply of fuel cell grade hydrogen. ...

The Proposed Acquisition

Following recent discussions, on 21 April, 2023 Pineapple Power entered into non-binding heads of terms with E-2 for the acquisition of 100% of the issued share capital of Element 2 for a consideration of GBP120 million, to be satisfied by the allotment and issue of new ordinary shares in Pineapple Power to the shareholders of E-2. It is envisaged that, in conjunction with the Proposed Acquisition, there will be an equity financing to fund future investment and working capital requirements of Element 2. ..."

[hedgehog 100] 02/5/2023 11:41

ARA look to have narrowed down their area of focus considerably since they floated just over a year ago:-

"... The sectors that we're particularly interested in are in energy storage generally, but particularly in battery technologies. ..."



This suggests that they have identified this as the most attractive and prospective area for a valuable and successful RTO, and that the discussions with potential RTO target companies they have referenced are wholly or partly in this area.

Due to market conditions, there has been a lack of such floats last year and this, which should mean a good choice of quality RTO candidates in this area.

One such could potentially be Superdielectrics, which had to abort its intended IPO last year due to market conditions:-


"Spencer’s electric windfall

Jamie Nimmo
Sunday September 19 2021, 12.01am, The Sunday Times

Icap billionaire Lord Spencer of Alresford is in line to double his money as an energy technology company he backed last year eyes a £500 million float.

Superdielectrics, which is developing supercapacitors — alternatives to batteries that use an electric field instead of chemicals and are expected to play a big part in electric cars and renewable energy — has hired WH Ireland for a possible Aim listing that could see it raise up to £100 million, sources said.

The Cambridge-based company, funded by former ITM Power boss Jim Heathcote, received a £15 million cash injection last year led by Spencer, 66, that valued it at about £250 million. ..."





"STORING SUSTAINABLE ENERGY WITHOUT COSTING THE EARTH

A BREAKTHROUGH ENERGY STORAGE TECHNOLOGY

Clean technology that complements existing solutions and solves the world’s renewable energy storage problem"

[hedgehog 100] 30/4/2023 10:58

This extract from the new ARA interview looks uber bullish:-

"... So we're starting to see valuations for SPACS in transactions heading up, and recently there have been some in London where the SPAC has been valued at multiple times of its cash balance, and multiple times the value of its original market cap. at the time it came to the market. So we see that as being very encouraging, and a positive sign for our shareholders going forward. ..."


For ARA, these are the multiples concerned:-

2 - 3 times current cash = c. 15p - 22.5p / share
2 - 3 times IPO price = 20 - 30p / share

Compared to the current ARA share price of just 5p per share.


The shell TMOR is a good comparator here, and earlier this month it announced a positive update on its intended RTO progress:-

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 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 ..."


17/04/2023 07:00 UK Regulatory (RNS & others) More Acquisitions PLC Update on Proposed RTO LSE:TMOR More Acquisitions Plc
"Further to the announcement on 23 September 2022 regarding the proposed acquisition by More of Megasteel Limited ("Megasteel") (the "RTO" or the "Proposed Acquisition"), the Company is pleased to confirm that preparations for the publication of a prospectus and admission of the enlarged group to trading on the London Stock Exchange are now well advanced. ..."

[hedgehog 100] 29/4/2023 21:04

Some extracts from the new video interview with ARA's Chairman John Croft:-

"... The renewables sector is a hot sector ... there's a lot of interest, a lot of excitement around the sector, and there are some great companies that are coming into the market.

... we've been in touch with a number of companies across the globe, looking at potential opportunities.

... We don't have many costs. We had some costs around the IPO itself, but apart from that there are no fees being paid to directors or anything like that, so our cash is pretty well preserved.

... we disclosed that we had over eight hundred thousand pounds of our original million still in the bank, and that will last us a very long time.

... we've been working quite hard in the background.

... we're very hopeful, put it like that, that we can do a transaction in this year. The sectors that we're particularly interested in are in energy storage generally, but particularly in battery technologies.

... there's a huge opportunity there ... I'm very hopeful we'll do something this year.

... with the minimum capitalisation having been moved up to thirty million pounds, it means actually that that valuation of the SPAC in the context of an overall transaction is relatively small. So we're starting to see valuations for SPACS in transactions heading up, and recently there have been some in London where the SPAC has been valued at multiple times of its cash balance, and multiple times the value of its original market cap. at the time it came to the market. So we see that as being very encouraging, and a positive sign for our shareholders going forward. ..."

[hedgehog 100] 06/4/2023 17:23

06/04/2023 16:30 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Annual Financial Report and Notice of Meeting LSE:ARA Aura Renewable Acquisitions Plc

"Annual Report & Accounts and Notice of First Annual General Meeting

Aura Renewable Acquisitions plc announces that it has today sent its Annual Report and Financial Statements for the period ended 31 December 2022 (the "Annual Report 2022") and its Notice of Annual General Meeting (the "Notice") to shareholders.

The Company's first Annual General Meeting will be held at 3 p.m. on Wednesday, 3 May 2023 at the o ffices of DMH Stallard LLP, 11th Floor, 6 New Street Square, New Fetter Lane, London EC4A 3BF.

In accordance with Listing Rule 9.6.1R, copies of the following documents have been submitted to the Financial Conduct Authority's National Storage Mechanism and will shortly be available for inspection at hxxps://data.fca.org.uk/#/nsm/nationalstoragemechanism .

-- Annual Report and Accounts 2022; and
-- Notice of Annual General Meeting.
Publication on website

Copies of the Annual Report 2022 and the Notice are also available on the Company's website at hxxps://aurarenewables.com/. "

[shortcpx] 05/4/2023 10:59

In a topical sector. Valued sub cash. Anaemic cash burn. But 12 months and still poking around the edges. Lads need to crack on and stop with the excuses.

[hedgehog 100] 05/4/2023 08:27

05/04/2023 07:00 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Annual Results LSE:ARA Aura Renewable Acquisitions Plc

"5 April 2023 - 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, is pleased to announce its maiden results for the period from the date of incorporation on 4 November 2021 through to 31 December 2022.

Aura was formed as a special-purpose acquisition company focusing on the Global Renewable Energy Sector Supply Chain, particularly on businesses in the wind, solar, biomass, hydropower, carbon capture, waste management, energy storage, smart grid and green hydrogen supply chain.

The Company raised gross proceeds of GBP1 million on admission 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 in April 2022. For the period ended 31 December 2022 the Company recorded a loss before taxation of GBP236,000, a significant part of which related to the expensed costs related to the listing. Our operating expenses are very closely controlled, and the directors do not draw income during this pre investment stage. As of 31 December 2022, the Company had bank balances of GBP809,000.

The Company continues to actively review potential acquisition targets at various stages of development and operating in a number of geographic regions, all of which have potential global relevance. We also continue to take soundings from the investor community to thereby best fit investment appetite with the opportunities available.

National governments have recently shown a common resolve to reflect the need to focus on sustainable renewable energy, including the scale up of affordable, clean, homegrown power to provide long term energy security in the UK, investment incentives to speed the transition to low-carbon economy in the US through the Inflation Reduction Act, and C$80 bn of tax credits over 10 years for clean technology and clean electricity in Canada.

Our investment horizon is relatively wide within our chosen sector, and we will continue to assess and qualify what we believe to be value accretive opportunities in the UK and overseas. When our ongoing evaluation and investigation result in the potential for a transaction, the Company will give the market appropriate notice.

John Croft, the Chairman of Aura commented:

" Since listing, Aura has been exploring targets in the UK and overseas which could provide an opportunity to create significant growth in this crucially important, exciting and fast-moving market sector. We have also consulted with the Board's professional and business networks to raise the Company's profile and reinforce its intentions and objectives to these potential introducers of opportunities, as a result of which we have held early discussions with a number of potential target companies for acquisition.

"The widespread 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, restricted capital market activity during 2022. However, there are early signs that capital market transactions may be beginning to resurface, and we remain more confident than ever that the renewable energy sector will offer excellent opportunities for acquisitive and organic growth. We are committed to ensure that the Company and its stakeholders have the chance to share in these opportunities."

Publication on website

A copy of this announcement is also available on the Company's website at hxxp://www.aurarenewables.com.

Enquiries

Aura Renewable Acquisitions Plc

John Croft (Non-Executive Chairman) 07785 315588
Robin Stevens (Non-Executive
Director) 07787 112059

Media enquiries

Allerton Communications
Peter Curtain 020 3633 1730
[e-mail] "

[hedgehog 100] 30/3/2023 14:58

Solarno,

I wouldn't think that DSI would be looking to raise a vast amount with its RTO: perhaps a couple of million pounds.

But shells don't tend to specify at this stage, i.e. the initial announcement of the proposed RTO, the amount they are looking to raise.

You may be interested in this thread:-

"Dial Square Investments: Sports Management Shell"

[solarno lopez] 30/3/2023 14:29

And how much cash are DSI raising ?

[hedgehog 100] 30/3/2023 14:11

If ARA's post-RTO enlarged equity is under £30M., then it would no longer be eligible for the Main Market.

It would probably therefore list on AIM, and I don't see why this couldn't be via a direct transfer, with no full delisting in between.

Indeed, after ARA has been listed on the Main Market for 18 months, this transfer could be fast tracked.

From Bird & Bird LLP, 17 August 2022, re transferring from the Main Market to AIM:-

"AIM Designated Market (fast track)
procedure for transfer to AIM Market
provided shares listed for at least 18
months."

[hedgehog 100] 26/3/2023 13:06

The shell Dial Square Investments (DSI) has very recently announced RTO news that is very relevant and encouraging for ARA.

A proposed RTO at a price of 6p per share, for a 'green energy' company (as defined by the EU: ).

Which is an 84.6% premium to DSI's current (suspended) share price of 3.25p (market cap. £862,875).

And that DSI market cap. is significantly more than ARA's (£603,750 at 0.575p), despite DSI having significantly less cash that ARA.

It's also interesting that DSI only floated four months ago (30.11.22), compared to nearly a year ago for ARA.


10/03/2023 07:56 UK Regulatory (RNS & others) Dial Square Investments PLC Proposed Acquisition and Suspension of Trading LSE:DSI Dial Square Investments Plc

"Proposed Acquisition of UK energy transition company, Proposed Cancellation of Listing and Suspension of Trading

Dial Square, a London Stock Exchange traded special purpose acquisition vehicle, is pleased to announce that it has entered into Heads of Terms ("Term Sheet") to acquire 100% of the issued and to be issued share capital by way of a reverse takeover ("the Transaction") of EnergyPathways Ltd ("EnergyPathways"), an English private company. EnergyPathways is an energy transition company, targeting UK gas assets, with the aim of bringing into production, in the near-term, low emission energy solutions to assist with the UK's transition to Net Zero while also providing critical supply to ensure domestic energy security. ...

Pursuant to the Transaction, it is proposed that the issued and to be issued shares of EnergyPathways be acquired for an aggregate consideration of GBP4,080,833 to be satisfied by the issue of 68,013,885 ordinary shares in the capital of the Company to the vendors of EnergyPathways at an issue price of 6 pence per ordinary share of the Company.

The Transaction remains subject to various conditions, including full due diligence to the Company's satisfaction and Re-admission (defined below). As the market capitalisation of the enlarged group following completion of the Transaction is expected to be less than GBP30 million (being the minimum market capitalisation for new applications for admission to Standard Segment and to trading on the Main Market), the Company will not be seeking readmission of its shares to the Standard Segment and to trading on the Main Market for listed securities of the London Stock Exchange. Instead, the Company intends to make an application for its ordinary shares to be admitted to trading on the AIM market operated by the London Stock Exchange ("Re-admission") and will, in due course, publish an admission document. ...

As stated above, upon completion of the Transaction, the Company would be seeking Re-admission on AIM and would have sought cancellation of its existing listing in any event. The Company expects the cancellation of its listing to be effective from 6 April 2023 and will update Shareholders in due course once the timetable for cancellation is confirmed. ..."




23/03/2023 07:00 UK Regulatory (RNS & others) Dial Square Investments PLC Update: Cancellation of Listing LSE:DSI Dial Square Investments Plc

"Update: Cancellation of Listing

... As agreed with the Financial Conduct Authority, the listing of the Company's ordinary shares will remain suspended pending either: (a) cancellation of the listing prior to completion of the Transaction; or (b) if the Transaction does not proceed, re-admission of the Company's ordinary shares to the standard segment of the Official List and to trading on the London Stock Exchange's main market for listed securities, or cancellation of the listing, depending on whether the Company meets the eligibility requirements of the Financial Conduct Authority at that time. Accordingly, the cancellation of the listing of the Company's shares will not occur on 6 April 2023 as initially expected and previously announced. The Company will update Shareholders in due course. ..."

[softmallow] 27/2/2023 10:54

Went quiet again after last week's flurry.

[hedgehog 100] 23/2/2023 13:14

LSE % GainersTop Lists
EPIC Name %
STA Star Phoenix +73%

After more than trebling yesterday, STA is currently up a further 73% today (to 2.25p), further highlighting ARA's massive undervaluation and gains potential.