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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cindrigo Holdings Limited | CINH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | - |
| Open Price | Low Price | High Price | Close Price | Previous Close |
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| Industry Sector |
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| GENERAL FINANCIAL |
| Top Posts |
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Posted at 22/3/2024 13:07 by tomboyb Final results out - |
Posted at 29/12/2022 16:13 by songig My source, which I don't want to burden too much! says waiting for news (I thought it would come last week),However, the below info came instead. |
Posted at 01/10/2022 14:49 by hedgehog 100 30/09/2022 10:10 UK Regulatory (RNS & others) Cindrigo Holdings Limited Interim Results and Loan Note Issue LSE:CINH Cindrigo Holdings LimitedCindrigo Holdings Limited (LSE: CINH) announces its interim results for the six months ended 30 June 2022. The Company is also pleased to announce that it has exchanged a Loan Note Subscription Agreement with BK Fortuna AS, a Norwegian company, in respect of a subscription of GBP4,000,000 unlisted, convertible loan notes. The first tranche of the subscription, GBP1,000,000, is due by the end of October 2022 with the balance due by the end of November 2022. The term of notes is 24 months with an interest rate payable of 10% per annum and a conversion right at a 15% discount to a 30-day Volume Weighted Average Share Price with a minimum conversion price of GBP1.25 per share. The use of the proceeds will primarily be used for development expenses in Croatia ,expansion projects, and repaying the Danir loan which is referred to in the Interim Report of the CEO set out below. ... Readmission to Trading The Company continues to prepare a prospectus to allow an application for the readmission its issued share capital to the Official List and to trading on the Main Market of the London Stock Exchange ('LSE') with a Standard Listing. ... The company undertook a share consolidation on 28th September 2020. Every 266.7609 of Existing Ordinary Shares of £0.01 were consolidated into one New Ordinary Share of £2.667609 each. ... |
Posted at 21/3/2022 07:15 by tomboyb Cindrigo Holdings Limited Cindrigo to Acquire 100% of Energy Co-invest21/03/2022 7:00am UK Regulatory (RNS & others) Cindrigo (LSE:CINH) Intraday Stock Chart Monday 21 March 2022 Click Here for more Cindrigo Charts. TIDMCINH RNS Number : 3639F Cindrigo Holdings Limited 21 March 2022 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN. 21 March 2022 Cindrigo Holdings Limited ("Cindrigo" or the "Company") Cindrigo to Acquire 100% of Energy Co-invest Global Corp Cindrigo is pleased to announce that, in line with its strategy to broaden its business into new renewable energy sectors and geographies, it has exercised the option agreement entered into, and as announced on 30 November 2021 (the 'Option Agreement'), to acquire the entire issued share capital of Energy Co-invest Global Corp ('ECG') (the 'Acquisition'). ECG is an established international energy developer with interests in a broad base of projects within the renewable energy sector, particularly the geothermal energy sector. The Acquisition will give the Company an immediate position in the geothermal energy sector and a strong platform for future growth, in line with its strategy as a clean baseload power developer. Highlights -- Acquisition of 100% of ECG positions Cindrigo as a significant renewable energy provider, primarily focussed on geothermal assets -- Geothermal is classed as 'Green Energy' and commands premium power prices due to its decarbonising impacts, grid security and strong demand; with yearly global market growth of 5-9%, the market for geothermal power is expected reach US$7-9 billion by 2026 -- Chief amongst ECG's active projects are three geothermal licence blocks in Croatia: o Each have planned capacity of 20MW with potential expansion on site and additional blocks for a target 100 MW o Each project is anticipated to annually produce an EBITDA of GBP12 million, with potential dividend streams to accrue to project owners, including ECG and/or the Company directly o First operational geothermal plant targeted for next year o Acquisition brings a short-term debt related to these projects of GBP1million, with maturity 30 April 2022 -- ECG is also the largest shareholder of GEG ehf., a geothermal Engineering, Procurement and Construction (EPC) contractor and project owner with an established portfolio of assets -- Targeting additional expansion opportunities, primarily focussed on Central Europe, with a first round of projects identified in Croatia and Hungary -- Aiming to have contracts in place for geothermal power plant projects with up to 200 MW of installed capacity within a year, up to 450 MW within three years and 1000 MW by 2030 -- Ability to achieve these targets will depend on the raising of debt and equity finance, with the financing for each power plant project to primarily be sought on a project-finance basis Lars Guldstrand, Cindrigo CEO, commented "I am thrilled that we have completed the acquisition of ECG, which gives us a solid platform and a basis for further development in the geothermal energy sector. With pressures on clean energy supplies globally and power prices forecast to remain high, geothermal energy is expected to contribute significantly to increased clean, domestic decarbonised electricity resources as a unique green baseload power". "Alongside ECG's established portfolio, there is a plethora of countries in our sights which have plentiful, yet underdeveloped, geothermal resources and we aim to become a formidable player in this exciting clean energy space, aiming to deliver 1000MW of installed capacity by 2030. The market fundamentals are ripe for major geothermal expansion, which essentially harnesses the earth's natural heat to create energy, in the race to net zero and the push for national energy security. I am excited for the road ahead". |
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