Aura Renewable Acquisiti... Share Discussion Threads

[hedgehog 100] 11/1/2024 17:03

Recent Share Trades for Aura Renew Acq (ARA)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
11-Jan-24 15:08:38 6.26 12,716 Buy* 5.00 6.50 796.02 O

So ARA's good start to 2024 has continued into week two: up another 0.25p (4.35%) today, to 6p (5.5p-6.5p).

[hedgehog 100] 11/1/2024 15:28

The shell AJAX meanwhile has recently reported "the gradual recovery in UK market sentiment":-

27/11/2023 07:00 UK Regulatory (RNS & others) Ajax Resources PLC Half-Yearly Report and Proposed GM LSE:AJAX Ajax Resources Plc

"Half-Yearly Report for the 6 months to 31 August 2023

... The Company has continued to make good progress towards successfully identifying an acquisition in the natural resources sector.

Ajax has been evaluating various advanced gold and copper exploration opportunities across several jurisdictions, as well as certain metal recovery projects located in Central Asia utilizing innovative, environmentally friendly technologies capable of generating significant profitability.

We have continued, in view of our current development stage, to maximise cost control in keeping expenditure to a minimum.

It is our belief that we are now potentially not far from finding an opportunity that satisfies our development criteria, and we consider the gradual recovery in UK market sentiment to constitute an auspicious backdrop for our potential near-term progress. ..."




As at 31.8.23, AJAX had cash & cash equivalents of £818,124, which is not that much more than ARA's (£723,127 at 30.6.23); but has a market cap. of c. £2M., which is more than treble ARA's market cap.

[hedgehog 100] 11/1/2024 14:23

The shell BWN suspended for a RTO just before Christmas, with the RTO being priced at a significant premium to BWN's s.p., and at multiples of BWN's IPO float price and cash:-

22/12/2023 07:41 UK Regulatory (RNS & others) Bowen Fintech PLC Proposed Acquisition and Suspension of Trading LSE:BWN Bowen Fintech Plc

"Proposed Acquisition and Temporary Suspension of Trading in the Company's Ordinary Shares

Bowen (LSE: BWN), a special purpose acquisition company formed to acquire businesses in the technology innovations sector with a focus on the financial services industry, is pleased to announce that it has signed conditional, non-legally binding heads of terms to acquire 93.49 per cent of the issued share capital of MINNADEOOYASAN-HANBAI Co., Ltd ("MOH") ("Acquisition").

About MOH

MOH is a leading crowdfunding services platform in Japan and solution provider for investors seeking returns from investment into real estate. ...

MOH is profitable, reporting EBITDA of JPY 519 million (c. GBP3.2 million) on revenues of JPY 5.6 billion (c. GBP34.3 million) in the year to 31 March 2023. In the six-month period to 30 September 2023, MOH management accounts reported (unaudited) EBITDA of JPY 2.1 billion (c. GBP11.6 million) on revenues of JPY 4.9 billion (c. GBP27.8 million). Unaudited net assets as at 30 September 2023 were JPY 4.8 billion (c. GBP26.4 million).

The directors of MOH are of the opinion that a listing by way of a reverse takeover of Bowen by MOH (the "Enlarged Group") will enhance its brand and profile in Japan and internationally, enable access to additional real estate portfolios internationally, thus diversifying risk, and access to fresh equity capital in the future to accelerate its growth strategy, particularly in the area of technology-related real estate.

The listing will also support MOH in attracting and retaining senior professionals both locally in Japan and internationally. Following the Acquisition, it is the intention of the Enlarged Group to grow its presence in the UK.

The Acquisition

The Company has entered into conditional, non-legally binding heads of terms with MOH and KBC to acquire 93.49 per cent of the issued share capital of MOH from KBC for a consideration of approximately GBP34.47 million to be satisfied through the issue of new ordinary shares of 1p each in the Company ("Ordinary Shares"), at a price of 15p per new Ordinary Share (the "Offer Price"). The Offer Price represents a premium of 25 per cent to the closing middle market price of 12 p per Ordinary Share on 21 December 2023, being the closing middle market price the day prior to the release of this announcement. ...

It is currently anticipated by the directors of Bowen that on re-admission the market capitalisation of the Enlarged Group would be approximately GBP42.72 million, based on the Offer Price, with KBC holding approximately 80.7 per cent of the issued share capital of the Enlarged Group and existing Bowen shareholders holding approximately 19.3 per cent of the issued share capital of the Enlarged Group.

Subject to review of the Enlarged Group's working capital, it is not intended that new capital will be raised as part of the Acquisition and re-admission. ..."




BWN floated on 31.10.22 at 4p per share, and a market cap. of £2.2M.:-

31/10/2022 07:00 UK Regulatory (RNS & others) Bowen Fintech PLC Admission to Trading and First Day of Dealings LSE:BWN Bowen Fintech Plc
" ... The Company has successfully raised gross proceeds of GBP2 million (before expenses) through a placing of new Ordinary Shares at a placing price of 4 pence per share. Following Admission, the Company will have 55,000,000 Ordinary Shares in issue. ..."



So its planned RTO is being priced at 3.75 times its IPO price: which for ARA would equate to a planned RTO at 37.5p/share.


Bowen Fintech (BWN):-

[hedgehog 100] 07/1/2024 12:50

"What’s Next for Renewable Energy? Trend Predictions for 2024

As we head into 2024, the renewable energy sector is positioned at a critical and exciting juncture, characterized by emerging trends in renewable energy that bring both challenges and opportunities for innovation. Facing global issues such as climate change and dwindling natural resources, this sector emerges as a beacon of hope, offering viable solutions and showcasing a plethora of technological advancements and burgeoning investment opportunities. This blog post delves into the anticipated trends and transformative developments poised to shape the renewable energy landscape in 2024, reflecting a dynamic field that is rapidly evolving in response to the world’s pressing environmental and energy needs.

Sustainable Energy Technological Innovations

1. Green Hydrogen’s Emergence

In 2024, green hydrogen, produced from renewable sources, is expected to become increasingly vital as an energy carrier. We anticipate major advancements in electrolyzer technology, which will significantly improve the efficiency and reduce the cost of green hydrogen production. These developments are pivotal, as they will expand green hydrogen’s viability across various sectors, including industrial processes and transportation. This evolution marks an important step in diversifying renewable energy applications and highlights the potential of green hydrogen in the broader transition to sustainable energy systems.

2. Solar and Wind Energy Advancements

Solar and wind energy are poised for transformative enhancements. Bifacial solar panels that capture sunlight on both sides, and large-scale offshore wind turbines with gigawatt capacities, are just the tip of the iceberg. These advancements will allow for a more efficient capture of renewable resources, making solar and wind energy more viable and competitive with traditional energy sources. The growth of solar PV capacity is a notable trend, forecasted to surpass a terawatt of global solar power generation, accounting for a significant portion of renewable growth​​. Additionally, the share of offshore wind energy is expected to increase, with more countries, including Canada, the US, India, China, and the UK, expanding their offshore capabilities​​.

3. Breakthroughs in Energy Storage

The growth of renewable energy in 2024 will be closely tied to advancements in energy storage technologies. We’re likely to see the emergence of innovative storage solutions like solid-state batteries, which offer higher energy densities and longer lifespans compared to traditional lithium-ion batteries. Additionally, the development of gravity-based storage systems is expected to gain traction. These systems provide sustainable, long-term storage options, which are essential for managing the intermittent nature of renewable energy sources. Such advancements are crucial in ensuring a stable and reliable supply of renewable energy.

Sustainable Energy Policy Dynamics

1. Enhanced Government Support

Governments are expected to play a pivotal role in accelerating the transition to renewable energy. In 2024, we may see an increase in subsidies, tax incentives, and regulatory frameworks that are more favorable to renewable energy projects. These policies will be essential in encouraging the adoption of renewable technologies and attracting investments. China continues to lead in renewable energy, aiming to exceed its target of generating 33% of its electricity consumption from renewable sources by 2025, with significant developments in wind energy​​.

2. Grid Integration Initiatives

In 2024, the integration of renewable energy into existing power grids will be a key area of focus. Efforts will center on upgrading grid infrastructure to manage the variability of renewable sources effectively. This will include the implementation of advanced technologies like smart grids and distributed energy systems, which can enhance energy distribution and reliability. These initiatives are essential to ensure a stable and efficient energy system capable of handling an increased share of renewable energy, thereby facilitating a smoother transition towards a more sustainable energy future.

Renewable Energy Investment Trends

1. Corporate Investment Surge

Corporate investment in renewable energy is expected to rise significantly in 2024. More leading companies in key business sectors like food and beverage, textile, pharma, automotive, logistic are committing to renewable energy targets and investing in green energy projects as part of their sustainability strategies. This trend is driven by the growing recognition of the long-term benefits of renewable energy investments, both in terms of financial returns and corporate responsibility. The rising costs of materials, influenced by global market dynamics, could pose challenges for new renewable projects. However, the increase in the cost of fossil fuels and the need for energy security have kept renewable energy competitive in the market​​.

2. Expansion of Green Bonds and ESG Investments

The market for green bonds and Environmental, Social, and Governance (ESG) investments is anticipated to experience significant growth in 2024. This trend is indicative of a broader shift in the investment community towards sustainability and social responsibility. Investors are increasingly seeking opportunities that not only provide financial returns but also contribute positively to environmental and societal goals. This growing interest is likely to lead to more innovative financial products in the green bond and ESG sectors, offering diverse opportunities for investors to engage with and support sustainable initiatives worldwide.

Emerging Energy Market Dynamics

1. Developing Countries Leaping Forward

Developing countries are expected to rapidly adopt renewable energy, bypassing traditional fossil fuel infrastructures. This trend is driven by the declining costs and increasing accessibility of renewable technologies, along with growing international support for sustainable development initiatives. The adoption of renewables in these regions could significantly alter the global energy landscape, offering new opportunities for growth and innovation. Countries globally are seeking to invest in cost-effective renewable energy to address climate change, with a particular focus on reducing reliance on imported energy, especially in European countries and the US​​.

2. Decentralized Renewable Energy Systems

In 2024, decentralized renewable energy systems are poised to become more prevalent, especially in remote and rural areas. These systems offer a sustainable and reliable alternative to traditional grid-based energy, enhancing local resilience and reducing reliance on large infrastructure. Additionally, the demand for biofuels is expected to continue its upward trajectory, driven largely by the transportation sector. This growth is bolstered by supportive government policies in key global economies like the US, Brazil, Europe, India, and Indonesia, reflecting a broader commitment to diversifying energy sources and promoting sustainable fuel alternatives.

Consumer Trends and Awareness

1. Growing Consumer Demand

In 2024, the rise in consumer awareness and demand for renewable energy will likely be more pronounced. Driven by heightened awareness of climate change impacts and a surge in sustainable living practices. This shift is leading to more informed purchasing decisions, where eco-friendly and renewable energy options are preferred. Social media and influencer campaigns are further amplifying this trend, spreading awareness and encouraging sustainable lifestyle choices. Consequently, consumer preferences will increasingly influence market dynamics, prompting companies to adopt greener practices and technologies, and urging governments to implement more supportive policies for renewable energy.

2. Role of Digital Platforms

With the advent of smart home technologies and IoT devices, consumers will have greater control over their energy consumption. Apps and platforms that provide real-time data on energy usage, offer renewable energy alternatives, and even integrate gamification elements to encourage energy-saving behaviors are anticipated to become more popular. These digital tools not only empower consumers to make more informed choices but also enable utility companies to interact directly with customers, fostering a more engaged and energy-conscious community. These platforms will likely evolve to include AI-driven recommendations for optimizing energy use, further promoting efficiency and sustainability.

Environmental Impact

1. Biodiversity and Ecosystem Considerations

The focus on the biodiversity and ecosystems is expected to intensify in 2024. This increased attention will likely lead to the implementation of more comprehensive environmental impact assessments and the adoption of best practices to minimize ecological disruption. Strategies may include the careful siting of renewable energy installations to avoid sensitive areas, the use of technology to mitigate impacts, and the integration of biodiversity conservation plans into project development. These efforts aim to balance the expansion of renewable energy with the preservation of natural habitats and biodiversity, ensuring sustainable and responsible energy development.

2. Carbon Footprint Reduction

The role of renewable energy in reducing the global carbon footprint is set to become increasingly significant in 2024. As nations strive to combat climate change, the adoption of renewable energy sources will be a critical factor in policy and investment decisions. The urgency is amplified by the volatility in the global energy market, influenced by economic challenges and energy supply crises. This context highlights the crucial role of renewable energy not only in reducing greenhouse gas emissions but also in providing a more stable and sustainable energy supply, aligning economic and environmental goals in the face of global challenges.

Conclusion

As we approach 2024, a landmark year for the renewable energy sector, we are witnessing emerging trends in the energy sector that are pivotal in shaping a more sustainable, energy-efficient, and environmentally conscious future. This pivotal moment marks a crucial shift towards embracing renewable energy as a core component of global energy strategies. It reflects a collective realization of the urgent need to address climate change and resource sustainability, encouraging innovative solutions and fostering a deeper commitment to preserving our planet for future generations.

BECIS is a sustainable energy solutions provider, partnering with experienced providers of Energy as a Service (EaaS) solutions. We offer a range of services, including solar energy, bioenergy, cooling, waste heat recovery, and energy analytics. Our tailored solutions help companies achieve their renewable energy goals, contributing to a cleaner and resilient energy system. Contact us today to learn more about our services."

[hedgehog 100] 05/1/2024 18:41

Recent Share Trades for Aura Renew Acq (ARA)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
05-Jan-24 14:17:38 5.80 51,398 Buy* 5.00 6.00 2,981 O
05-Jan-24 12:46:23 5.25 50,000 Sell* 5.00 6.00 2,625 O


And a good first week of 2024 for ARA is rounded off today by a further rise: up another 0.25p (4.55%) to 5.75p (5p-6.5p).

Let's hope it continues!

[hedgehog 100] 03/1/2024 19:09

Recent Share Trades for Aura Renew Acq (ARA)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
03-Jan-24 16:18:38 5.01 9,148 Sell* 5.00 6.00 458.31 O
03-Jan-24 11:17:03 5.90 20,170 Buy* 5.00 6.00 1,190 O
03-Jan-24 10:58:09 5.90 16,797 Buy* 4.50 6.00 991.02 O


A good start to 2024 for the ARA s.p., rising 0.25p (4.8%) to 5.5p (5p-6p), on a couple of decent buys.

ARA should be issuing a post year end operational update soon, as in 2023, and any indication of a RTO deal being close could potentially give quite a boost to the share price from this current lowly level.


16/01/2023 10:26 Alliance News Alliance NewsIN BRIEF: Aura Renewable Acquisitions reviewing acquisition targets LSE:ARA Aura Renewable Acquisitions Plc
16/01/2023 07:00 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Post Year End Operational Update LSE:ARA Aura Renewable Acquisitions Plc

[hedgehog 100] 28/12/2023 14:27

The CODX RTO price hasn't actually been set: 10p is just the nominal (or par) value of each CODX share, which shares will be issued to pay for the RTO.

Though I think it's reasonable to assume that 10p/share will be the minimum issue price, 10p being the price at which CODX raised its cash before and at its floatation, but it could be higher. CODX has had low cash burn, like ARA.

(UK companies can't actually issue shares at below their nominal/par value, albeit that value can be changed at a general meeting.)

And the CODX share price performance since its March 2022 float, at 10p/share like ARA's, has been not dissimilar to ARA's: CODX started off trading at a large premium (15p s.p.), before declining over time, to its current share price of just 5.5p, at which it has been suspended for its RTO.

Codex Acquisitions (CODX):-

[hedgehog 100] 20/12/2023 11:34

CODX, a similar shell to ARA, has today suspended for a renewable energy RTO:-

20/12/2023 08:18 UK Regulatory (RNS & others) Codex Acquisitions PLC Acquisition LSE:CODX Codex Acquisitions Plc

"Proposed Acquisition and Suspension of Listing

Codex Acquisitions plc (LSE: CODX) (the "Company") is pleased to announced that, on 19 December 2023, it entered into non-binding heads of terms ("HOTs") to acquire the entire issued share capital of TNE - Technologies New Energy S.A. ("TNE"), a sociedade anónima incorporated in Portugal operating in the renewable energy sector, in consideration for an issue of new ordinary shares of nominal value 10 pence each in the capital of the Company ("Ordinary Shares") (the "Proposed Acquisition").

Background to the Proposed Acquisition

The Company was established as a 'special purpose acquisition company' with the objective of undertaking one or more acquisitions in the clean and renewable energy sector, as outlined in its prospectus published on 4 March 2022, a copy of which can be found on the Company's website at the following link: hxxps://www.codexplc.com.

About TNE

TNE is a global provider and project developer of integrated state-of-the-art energy efficiency, energy transition and decarbonisation solutions.

TNE owns a diversified and differentiated portfolio of renewable projects in Portugal based on the energy flexibilisation, Power-to-X and Biomass-to-Liquids technologies architecture that will enable novel applications to a clean transition for the hard-to-abate sectors such as chemical industries, mobility applications and urban built environments. TNE mission is to significantly accelerate developments to drive decarbonisation efforts at scale and get a lasting and unparalleled impact on our planet.

Further details about TNE can be found on its website at the following link: hxxps://tne.pt/.

The Proposed Acquisition is in line with the Company's acquisition strategy.

Details of HOTs

The HOTs place an initial valuation on TNE of within the range of GBP28-33 million, subject to adjustments and a floor valuation of no less than GBP28 million.

The HOTs are non-binding save principally for provisions relating to exclusivity and confidentiality.

Under the HOTs, it is the current intention of the parties that the consideration for the Proposed Acquisition shall be satisfied by the issue of new Ordinary Shares.

The HOTs include a long stop date for the entering into legally binding definitive share purchase agreement ("SPA") of 29 March 2024 (which may be varied by mutual agreement of the parties in writing). ..."




CODX floated on 9th. March 2022, just one month before ARA.

[hedgehog 100] 15/12/2023 14:24

solarno lopez 30 Mar '23 - 13:29 - 69 of 165 0 0 0
"And how much cash are DSI raising ?"

Hedgehog 100 30 Mar '23 - 13:58 - 70 of 165 Edit 0 0 0
"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. ..."




DSI is completing its RTO on Wednesday of next week, combined with a transfer from the main market to AIM, a placing of £2M., and a name change to EnergyPathways (EPP).

DSI's pre new money & pre RTO market cap. at the placing price of 4p is £1.062M.

That is over four times DSI's net current assets of £230,185 as at 31.8.23.


15/12/2023 10:07 UK Regulatory (RNS & others) Dial Square Investments PLC Update re reverse takeover and cancellation LSE:DSI Dial Square Investments Plc

"Dial Square Investments Plc

(to be renamed EnergyPathways plc)

Update re Reverse Takeover of EnergyPathways plc and Cancellation of the Company's Ordinary Shares from the Official List and the Main Market and proposed admission to trading on AIM

Dial Square Investments Plc ("Dial Square" or the "Company"), a London Stock Exchange traded special purpose acquisition vehicle, is pleased to announce that it has agreed to acquire the entire issued share capital and other securities of EnergyPathways Limited ("EnergyPathways"), that was announced on 10 March 2023, with such acquisition constituting a reserve takeover (the "Acquisition"). Completion of the Acquisition is conditional on the satisfaction of various conditions, including admission of the Company's entire issued and to be issued share capital to trading on the AIM market of the London Stock Exchange ("AIM"). Accordingly, the Company intends to request that the Financial Conduct Authority ("FCA") cancels the standard listing of the ordinary shares of the Company (the "Shares") on the Official List and to request the London Stock Exchange to cancel the admission to trading of the Shares on the main market for listed securities (the "Cancellation").

As part of the reverse takeover, the Company has raised GBP2,000,000 through a placing and subscription of 50,000,000 Shares at a price of 4p per Share (the "Fundraising").

The Company has applied for the admission of its issued Shares (as enlarged by the Fundraising and the reverse takeover of EnergyPathways) to trading on AIM ("Admission"). Cancellation and Admission will take place simultaneously and this is expected on 20 December 2023.

On Admission the expected market capitalisation of the Company based on the placing and subscription price of 4p per share is approximately GBP6.32 million.

Background to EnergyPathways

EnergyPathways is an integrated energy transition company, initially 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.

EnergyPathways holds, via its wholly-owned subsidiary EnergyPathways Irish Sea Limited, a 100 per cent. interest in block 110/4a in Seaward Licence P2490 that contains the Marram gas field (the "Marram Field"), located 30km west of mainland UK, close to the developed Morecambe gas complex in the UK waters of the UK Irish Sea Basin. ..."

[hedgehog 100] 03/12/2023 11:53

"UK government publishes strategy for ‘globally competitive battery supply chain’

By Cameron Murray
November 27, 2023

The UK government has published its ‘Battery Strategy’, setting out measures to facilitate the growth of a domestic battery industry to support the EV and energy storage system (ESS) sectors.

The release yesterday (26 November) comes at a time when the EU and the US press ahead with plans to support their own battery industries. Demand for batteries, mainly lithium-ion, is booming globally with the electrification of society and all three regions want to reduce their reliance on China and wider East Asia, which dominate production today.

The UK government therefore aims for the country to “have a globally competitive battery supply chain that supports economic prosperity and the net zero transition”, it said in its UK Battery Strategy paper though didn’t give any specific targets. ..."

[solarno lopez] 26/11/2023 10:54

….The potential of a good RTO….. that’s the nail on the head Hedgehog without quality the Aura share price will go nowhere !

[hedgehog 100] 25/11/2023 20:29

And as regards the potential impact of a good RTO deal.

On 14.11.23, ZEG closed up a whomping 364%, rising 110.6p to 141p, after returning from a near two month suspension.

ZEG's market cap. at its suspension price of 30.4p was £1.89M., which like ARA was less than its cash per share.


09/11/2023 11:34 UK Regulatory (RNS & others) Zegona Communications PLC Proposed Placing LSE:ZEG Zegona Communications Plc

"Further to the announcements of 31 October 2023 in connection with the Company's acquisition of Vodafone Spain for EUR5.0bn, Zegona announces a proposed placing to raise gross proceeds of approximately EUR300 million (GBP261 million) (the " Placing " ).

The Placing will comprise the issue of New Zegona Shares to institutional investors at the Offer Price of 150 pence per share by way of a non-pre-emptive placing. It will be conducted through an accelerated bookbuilding process which will be launched immediately following this announcement. ...

The Offer Price represents a 380 per cent. premium to the closing mid-market price of a Zegona Share on 22 September 2023, the date when Zegona requested that trading in its shares was suspended by the London Stock Exchange following press speculation in relation to the Acquisition. ..."




Zegona Communications (ZEG):-




From the 19.4.23 video interview with ARA's Chairman John Croft:-

"... 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] 13/11/2023 13:24

13/11/2023 08:33 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Director Declaration LSE:ARA Aura Renewable Acquisitions Plc

"Aura Renewable Acquisitions plc confirms that Robin Stevens, Non-Executive Director, has advised that he will be appointed as a Non-Executive Director of East Imperial Plc (LSE: EISB).

This announcement is made in accordance with Listing Rule 9.6.14."




East Imperial (EISB):-

[hedgehog 100] 07/11/2023 14:10

Tomorrow's event will run from 6p.m. - 8.45p.m., including a one hour networking reception at the end:-

[hedgehog 100] 07/11/2023 09:48

07/11/2023 09:00 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Director to address City of London energy event LSE:ARA Aura Renewable Acquisitions Plc

"Director to address City of London energy event

7 November 2023 - Aura Renewable Acquisitions plc, a UK-incorporated company, whose objective is to invest in the global renewable energy sector supply chain and thereby build shareholder value, announces that Robin Stevens, a Non-Executive Director of the Company, is to address an energy event in the City of London.

'UK-Malaysia: Update on Oil & Gas and Renewables', hosted by the British Malaysian Society, is scheduled to take place in the City of London, on Wednesday, 8 November 2023. The event, to be chaired by Sir Mark Moody-Stuart KCMG, will also feature other speakers.

Robin Stevens commented: "At a time when the energy transition is at the top of the public and business agenda, it is a privilege to be invited to speak at this prestigious and wide-ranging event alongside country and sector experts. The event provides an opportunity to bring the Aura Renewable Acquisitions story to a wider audience within the context of the exciting and important developments in the promotion and support for renewable energy projects that are taking place in Malaysia and in Asia Pacific."

Mr Stevens intends to outline Aura's strategy and activities to the audience within his wider presentation and participate in a Q&A session. It is not intended the Company will disclose any material information at the event."

[hedgehog 100] 07/10/2023 13:29

The shell company TMTA has this week announced an agreed takeover of itself (though not a RTO) at a c. £1.3M. premium to its available cash of c. £4.7M.:-

03/10/2023 13:30 UK Regulatory (RNS & others) TMT Acquisition PLC Statement re Possible Offer LSE:TMTA Tmt Acquisition Plc

"Statement regarding possible offer for TMT Acquisition plc

The boards of TMT Acquisition plc ("TMT Acquisition") and Belluscura plc ("Belluscura") are pleased to announce that they have reached agreement on the key terms of a possible share for share offer for TMT Acquisition by Belluscura (the "Possible Offer"). ...

Terms of the Possible Offer

The proposed terms of the Possible Offer comprise the issuance of 15 new ordinary shares of Belluscura ("Belluscura Shares") in exchange for every 22 ordinary shares of TMT Acquisition ("TMT Acquisition Shares") equalling 18,750,000 Belluscura Shares (the "Exchange Ratio"). The Exchange Ratio would imply a valuation of 21.82 pence for each TMT Acquisition Share and a 24.7% premium to the three month volume weighted average price for TMT Acquisition Shares calculated for the period ending on 2 October 2023, the last practicable date prior to the announcement of the Possible Offer (the "Possible Offer Terms").

Accordingly, on the basis of the Exchange Ratio, the Possible Offer will imply a total valuation of GBP6.0 million for TMT Acquisition.

A compelling combination which significantly increases Belluscura's ability to execute on its burgeoning sales pipeline and strategy, creating considerable value for all stakeholders of both TMT Acquisition and Belluscura

Given the introduction and significant pre-launch demand expressed for the DISCOV-R product, building on top of the continued sales progress of the X-PLOR (as outlined below), Belluscura is seeking further growth capital to fund the increased working capital required to meet these growth opportunities. The funds available within TMT Acquisition (approximately GBP4.7 million), will provide the enlarged group with additional working capital, to help meet the planned growth through to Belluscura becoming cash flow positive, which the board of Belluscura expect to be by the end of the second quarter of next year. Following completion, the Belluscura board will remain in place and the directors of the TMT Acquisition board will step down from their roles.

Subject to the confirmatory due diligence required by Belluscura's Nominated Adviser (as is normal for the proposed appointment of any director of an AIM company), and agreement of terms in respect of the Non-Executive Director appointment letters, it is Belluscura's intention to invite both Jonathan Satchell and Paul Tuson, currently Non-Executive Directors of TMT Acquisition, to join the existing Belluscura board as Non-Executive Directors upon the Possible Offer becoming or being declared wholly unconditional, as the board of Belluscura believe each would make a positive contribution to Belluscura's board given their experience and expertise. ..."

[hedgehog 100] 05/9/2023 14:27

05/09/2023 07:00 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Half-year Interim Report LSE:ARA Aura Renewable Acquisitions Plc

"Interim Results for the six months ended 30 June 2023

5 September 2023 - Aura Renewable Acquisitions plc, a UK-incorporated company, whose objective is to invest in the global renewable energy sector supply chain and thereby build shareholder value, announces its interim results for the six months ended 30 June 2023 .

Highlights

-- Targeting acquisitions operating in the Global Renewable Energy Sector Supply Chain.

-- An engaged board with a combination of strong sector and capital markets experience and expertise.

-- Low cost base and minimal cash burn.

-- Good visibility towards potential targets via an extensive contact base of potential introducers and opportunities.

-- Strong connections to potential sources of acquisition funding.

-- Best practice ESG policies will be introduced to support and encourage sustainability across our business.

John Croft, the Chairman of Aura, commented:

"Aura was established to acquire and then act as the holding company for targeted businesses operating in the global renewable energy sector supply chain, particularly participants in the wind, solar, biomass, hydropower, carbon capture, waste management, smart grids and green hydrogen supply chain, and their sub-sectors.

"The board has continued to investigate a number of potential acquisition and investment opportunities during the year-to-date, in the UK and overseas, which could offer the scale and scalability required to achieve significant growth in this crucially important market sector. We also continue to engage regularly with the board's extensive financial networks to maintain the Company's profile and promote its expansion strategy with the board's extensive introducer base.

"Economic and political uncertainty caused by persistent inflation, high interest rate rises and continuing hostilities in Eastern Europe have continued to depress capital market activity and new issues during 2023, although M&A is more buoyant across markets. The growing awareness of what is now seen as the clear, present and irrefutable danger of global warming on populations, habitats and landscapes underpins our business strategy and economic rationale. Fortunately, there is a growing if sometimes inconsistent shift by national governments to focus on sustainable renewable energy.

"Against a background of general uncertainty and unquestioned need, we believe our closely targeted and considered approach to our first acquisition is correct, aiming to identify a transformational target that can create a meaningful contribution in the renewable energy space. There can be no doubt that the renewable energy sector will offer exciting opportunities for acquisitive and organic growth for the foreseeable future, and we are committed to ensure that the Company and its stakeholders will share in these opportunities.

"Within our team we have both the skills and experience to capitalise on the opportunities that are expected to arise in the renewable energy sector supply chain."

... Chairman's statement

It is my pleasure to present the interim results for the Company covering the six months ended 30 June 2023.

Aura was established to acquire and then act as the holding company for targeted businesses operating in the global renewable energy sector supply chain, particularly participants in the wind, solar, biomass, hydropower, carbon capture, waste management, smart grids and green hydrogen supply chain, and their sub-sectors. We believe this wide scope provides the best opportunity to secure assets that will deliver maximum value. These potential targets could range from raw materials resourcing to power generation, energy storage and recycling.

The Company raised net proceeds of GBP1,005,000 when it joined the Standard Segment of the Main Market of the London Stock Exchange in April 2022 and, since the IPO the business continues to incur minimal overheads until we find a suitable acquisition target. This is reflected in our net loss before taxation for the six-month period of GBP69,598 (2022: GBP164,065 (loss)), and that at 30 June 2023 we had retained cash and bank resources of GBP723,127. ...

The US Inflation Reduction Act (IRA) continues to stimulate large-scale investment in new clean energy projects; the Canadian Government announced $35bn tax credits for environmentally beneficial investment in April, while the UK Government has repeatedly reiterated its commitment to decarbonising the economy.

Plans announced by the UK Prime Minister on 31 July, for hundreds of North Sea oil and gas licences, appear to be a balanced response aimed at replacing energy from unstable states with domestic supplies while maximising skills, despite opposition by some pressure groups. Mr Sunak also announced two new carbon capture and storage sites in the North Sea by 2030 to tackle climate change, which would take the UK's total to four. ...

As stated previously, we are fully aware of our wider environmental, social and governance responsibilities to shareholders and other stakeholders and we are committed to follow market best practice and developing procedures to address these important issues. ...

The Company's strategy is dependent to a significant extent on its ability to identify sufficient suitable acquisition opportunities and to execute these transactions at a price and on terms consistent with the Company's strategy. In particular, in order to qualify for re-admission to the Official List following an acquisition, the expected aggregate market value of the issued Ordinary Shares on such re-admission would have to be at least GBP30 million. However, it is possible that the board might decide to seek admission to the AIM Market at the time of its first acquisition, where no such size constraints exist, rather than re-join the Official List. ... "

[hedgehog 100] 03/9/2023 11:17

Energy Storage Industries Asia Pacific (ESI), the batteries supplier for the new Queensland iron-flow battery project, is another privately-held battery company that looks ripe for a RTO:-

"ENERGY STORAGE INDUSTRIES ASIA PACIFIC

Our renewable energy future — today

We provide reliable and environmentally friendly renewable energy storage battery solutions that are essential for Australia's transition to a renewable energy future.

Energy Storage Industries - Asia Pacific (ESI) is fully integrated — we manufacture, install, maintain and finance energy storage battery solutions.

We have already installed 10 grid-scale batteries at a Queensland facility, helping to secure Queensland’s clean energy future, with a further 10 batteries en route.

By the end of 2026, ESI will produce 200MW | 1.6GWh of energy storage annually. With an ambition to expand to 400MW | 3.2GWh."

[hedgehog 100] 02/9/2023 20:23

Interesting to see iron flow batteries being progressed significantly in Australia:-

"FLOW BATTERY

“World’s largest” iron flow battery storage system unveiled in Australia
01 Sep 2023

News

By Tage Erikson

The Stanwell Power Station in Rockhampton in Queensland, Australia, is a hub for energy innovation. Stanwell and Energy Storage Industries Asia Pacific (ESI) have signed a Memorandum of Understanding concerning a new iron-flow battery pilot project – claimed to be the world’s largest.

Twenty batteries, each 12 metres long, will form a 1 MW storage system with a capacity of 10 MWh. The companies said this is the first pilot project in Australia and the world’s largest iron-flow battery of its kind. Stanwell was a coal-fired power plant.

The government of Queensland has set the goal that Stanwell will be operating as a clean energy unit in 2032–33. Stanwell is the size of a shopping centre. The energy palette of the future will contain wind and solar power, hydrogen and battery storage, and other modern and sustainable energy technology.

The battery storage is intended to test the viability of iron flow batteries for medium-duration energy storage of between eight and 12 hours. The solution will support the grid during periods of high demand of power and low supply of renewable energy. ESI has already delivered 10 batteries to Stanwell.

“Queensland is at the forefront of battery technology development and this transaction reinforces the state’s reputation as a leader in the renewable energy economy, while also training the workforce of the future,” Stuart Parry, Managing Director of ESI said.

ESI has already invested A$70 million ($45 million) in a facility in Maryborough for production of iron flow batteries. The company will also manufacture the electrolyte in nearby Townsville, making Queensland a hub for this technology.

The government of Queensland has supported development of flow batteries with A$24 million ($15 million) to increase local employment and to replace imported lithium-ion batteries with a domestic product.

Iron flow batteries are based on the common raw materials iron, salt and water. The cycling capacity exceeds 20,000 cycles and the expected lifetime is more than 25 years."

[hedgehog 100] 27/8/2023 11:37

Over a thousand battery projects of over 150kW are currently being progressed in Britain, which shows what a huge growth opportunity this is:-

"BESS: The charged debate over battery energy storage systems

By Tom Airey & Spencer Stokes
BBC Yorkshire

26 August 2023

Huge battery storage plants could soon become a familiar sight across the UK, with hundreds of applications currently lodged with councils. ...

What are battery storage plants?

In short, battery storage plants, or battery energy storage systems (BESS), are a way to stockpile energy from renewable sources and release it when needed. ...

Where are they being built?

A government database tracking the progress of UK renewable electricity schemes over 150kW through the planning system lists 1,145 battery projects in total.

According to the online tool, 93 of these sites are currently operational.

Many of the sites being selected by energy companies are on greenfield land close to existing National Grid substations. ...

How realistic are the fire risks?

Concerns around fire safety stems from the lithium within the batteries, which can cause an explosion when it overheats.

On 15 September 2020, a fire at a BESS site in Liverpool took 59 hours to extinguish and created a "significant blast", Merseyside Fire & Rescue Service said. ...

The initial suspected cause was deemed to be "accidental ignition caused by a lithium battery failure transitioning into thermal runaway". ...

A US database listing fires at BESS sites found 63 examples worldwide since 2011. ..."





It's also an area which could benefit from safer alternatives to lithium ion batteries, and where this is very viable.

The relatively high energy density of lithium gives it the advantage for mobile applications.

But alternative technologies to lithium ion could make huge headway in the stationary energy storage market.

[hedgehog 100] 24/8/2023 17:45

The shell company ASHI floated at 3p per share on 6th. June this year, market cap. £1.841M., compared to net cash of £717K., including its net IPO proceeds.

That didn't look cheap, but to its credit it has suspended (at 2.75p) for a DOUBLE RTO, valued at over £175M. including ASHI's shell value, just two and a half months later:-

17/08/2023 08:10 UK Regulatory (RNS & others) Ashington Innovation PLC Heads of Terms Signed LSE:ASHI Ashington Innovation Plc
"Heads of Terms Signed
Proposed Reverse Takeover of Cell Therapy Limited
Suspension of Listing
Conditional Acquisition of Cell Therapy Limited
Ashington Innovation (LSE:ASHI), the Special Purpose Acquisition Company (SPAC) established to acquire businesses primarily in the technology sector, is pleased to announce that the Company has entered into a non-binding term sheet (the "Term Sheet") with Cell Therapy Limited ("Cell Therapy") pursuant to which Ashington Innovation will acquire 100% of the total issued equity for GBP135 million in an all share transaction (the "Transaction"). Cell Therapy is a clinical stage biotechnology firm with a portfolio of patented cellular medicines with a lead program that successfully completed an early-stage human clinical trial in heart failure. ... "


24/08/2023 07:00 UK Regulatory (RNS & others) Ashington Innovation PLC Heads of Terms Signed for the Acquisition of Calon LSE:ASHI Ashington Innovation Plc
"Heads of Terms Signed for the Acquisition of Calon Cardio-Technology Limited, subject to the Completion of the Reverse Takeover of Cell Therapy Limited
Ashington Innovation plc (LSE: ASHI; FSE: 6FW), a special purpose acquisition company, is pleased to announce it has entered into a non-binding heads of terms agreement with Calon Cardio-Technology Limited ("Calon"), to acquire 100% of the outstanding shares in Calon in an all-share transaction. The acquisition is subject to the completion of the proposed reverse takeover of Cell Therapy Limited ("CTL") ...
Following recent discussions, on 23 August 2023 Ashington entered a non-binding heads of terms agreement with Calon for the acquisition of 100% of the issued share capital of Calon for a purchase price of GBP39 million, to be satisfied by the allotment and issue of new ordinary shares in Ashington Innovation PLC to the shareholders of Calon. ..."

[hedgehog 100] 23/8/2023 18:16

From the Process and Control Today website:-

"UK Primed to Become a Global Frontrunner in Battery Recycling

22/08/2023 Innovate UK

The UK has everything it needs to become a frontrunner in the global battery recycling industry but, to achieve this, there must be collaboration across industry, academia and government, according to a new report.

The 2035 UK Battery Recycling Industry Vision, from the Innovate UK KTN Cross-Sector Battery Systems Innovation Network, identifies key areas for research and innovation, policy and regulation, infrastructure and skills. It emphasises the need for sustainable battery recycling processes, safe and rapid discharging of packs, and access to a trained, skilled and diverse workforce to secure the UK’s supply of battery materials including cobalt and lithium, two critical minerals with limited global supply.

Not only would an excellent battery recycling ecosystem boost the security of critical minerals in the UK, but it would also attract investment from battery manufacturers, who will be keen to open up shop near battery recycling centres where skills, knowledge and materials are close and in abundant supply, according to the report.

But to make this vision a reality, policymakers and innovators must act now to ensure the industry thrives in the future.

Co-author of the report, Sheena Hindocha, Knowledge Transfer Manager at Innovate UK KTN, says, “Without going into the politics of supply monopolies, there’s already a finite amount of raw material to make batteries, and with over 450,000 tonnes of cell production predicted for 2040, we must act now to develop the end-of-life infrastructure required for this demand.”Co-author of the report, Nikoleta Piperidou, Knowledge Transfer Manager at Innovate UK KTN, adds “It’s well-known that EVs are going to play a key role in the UK’s race to net-zero by 2050. Collaboration is essential for success, from industry stakeholders and researchers, all the way to Government to develop the right strategy for the volume of EV batteries that are coming.”

The steps to UK battery recycling excellence outlined in the report include the need for standardised EV batteries and connections. At present, each EV car manufacturer has different battery cell designs, meaning the ability to discharge end-of-life packs is specialised. If they were standardised, end-of-life battery handling would be far simpler and safer, and could even be automated.

The infographic and its supportive report also call for clear and safe industry practice to combat the high cost and risk that transporting batteries currently present, this can be addresses in several ways including through the integration of battery State of Health (SOH) to better identify and flag when a battery needs to be recycled, reused or repurposed.

To achieve this, robust infrastructure has been outlined as a crucial necessity to fully support the industry’s growth, without which could lead to the expensive and environmentally-damaging shipping of UK EV waste.

Access the 2035 UK Battery Recycling Industry Vision’s infographic and supportive report for the full details."