![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Greenhouse | LSE:GHF | London | Ordinary Share | GB00B0T2CP59 | PARTCIPATING SHS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.625 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:4016A Greenhouse Fund Limited (The) 27 March 2006 For immediate release 27 March 2006 The Greenhouse Fund Ltd. ("Greenhouse" or "the Company") Maiden Investment The Greenhouse Fund Limited ("Greenhouse") is pleased to announce it has agreed to invest in Molectra Australia Pty Ltd ("Molectra") and to work with it to enable it to develop its patented technology. The technology involves a sustainable process for the re-cycling and recovery of materials used in vehicle tyres which has exciting potential commercial prospects (the "Technology"). The Technology has been developed over the last 10 years and has won several international awards and prizes during this time, such as the Global 100 Eco-tech award at the 2005 World Expo. It has also been independently assessed by Brown & Root in a 2001 report. The Molectra investment is Greenhouse's first investment since coming to AIM in January 2006. Greenhouse believes the Technology facilitates a commercially viable process for recovering the valuable commodity materials found within used vehicle tyres. The disposal of tyres is a major environmental issue as shredding and land-filling, the main disposal method currently utilised, is being increasingly banned or becoming prohibitively expensive around the globe. Greenhouse is of the view that these legislative and commercial pressures present a major opportunity for Greenhouse and the Technology which should further benefit from government incentive schemes designed from an environmental protection perspective. Greenhouse is investing up to #750,000 to enable the existing Molectra plant and process to be scaled up and to provide the support and business infrastructure required to deliver the Technology on a larger scale. The terms of such investment are summarised below. An 8 to 12 month demonstration trial will be undertaken at Molectra's plant, during which potential customers will examine the process. Upon the successful completion of the pilot, Greenhouse will consider further funding options for the next phase of development. It is anticipated the pilot test results will be available by the first quarter of 2007. Greenhouse's investment of up to #750,000 in Molectra is structured by way of a convertible note secured over its assets and which, upon conversion, would equate to an equity interest of approximately 32% of Molectra. Intellectual property rights in the Technology are held by Molectra Holdings, a company controlled by John Dobozy, the inventor of the Technology, and Molectra will have the benefit of these rights under a licence. Greenhouse considers the Technology to have the potential to make an impact within the global used tyre recovery market, and will update shareholders with any further developments accordingly. For further information please contact: Paul Gazzard, Greenhouse Advisor Ltd. Email: pg@greenhousefund.co.uk Charles Ryland/Ben Willey Buchanan Communications 020 7466 5000 This information is provided by RNS The company news service from the London Stock Exchange END AGRBRGDXRDDGGLS
1 Year Greenhouse Fund Chart |
1 Month Greenhouse Fund Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions