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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Net Zero Infrastructure Plc | NZI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.35 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.35 | 1.35 |
| Industry Sector |
|---|
| GENERAL RETAILERS |
| Top Posts |
|---|
Posted at 29/11/2022 15:27 by hedgehog 100 In order for TCP to IPO on the main market now, it would need a minimum 10% free float, and a minimum £30M. market cap.:-"... • Reducing the amount of shares an issuer is required to have in public hands (i.e. free float) from 25% to 10%, reducing potential barriers for issuers created by current requirements. • Increasing the minimum market capitalisation (MMC) threshold for both the premium and standard listing segments for shares in ordinary commercial companies from £700,000 to £30 million. Raising the MMC will give investors greater trust and clarity about the types of company with shares admitted to different markets. The new rules come into force on 3 December 2021. ..." In order for TCP to IPO on AIM now, there would be no minimum market cap. requirement, but it might be required to have a minimum 25% free float:- "... There is no a minimum market capitalisation for a company to be admitted to AIM, but most companies tend to fall within the £25 million to £500 million bracket. There is no minimum percentage of shares that must held in public hands, as is the case with the Full List of the London Stock Exchange. However, in practice, the AIM team may require 25% of shares to be held as a free float. This is a logical requirement as otherwise a company’s stock would not have sufficient liquidity to justify its public company status. ..." So current difficulty in raising funds could certainly scupper an IPO by TCP at the moment. But it should still currently be able RTO into NZI, without raising additional funds initially. The minimum initial market cap. requirement for a RTO into NZI is only £0.7M., for the time being; and as far as I'm aware there would be no onerous free float requirement - and NZI's share of the enlarged equity should be able to count towards this. |
Posted at 21/11/2022 08:54 by hedgehog 100 Well Dave,The fact that CRES, TMOR AND ROC have agreed and announced RTO share prices is a major step, and one which neither DISH, MMM, or NZI has been able to reach. CRES's CEO Cameron Pearce was also the head of shell company BRES (Blencowe Resources), which RTOed and has been performing well recently, and he was also behind the successful EML RTO. CRES would be a gold RTO, with the potential to be a large and high-grade gold project, and gold can be seen as a bit of a safe haven in uncertain times. And the proposed RTOs of TMOR & ROC are more developed that TCP (NZI). TMOR's target Megasteel made audited pre-tax profits of £3M. on turnover of £19.7M. last year. And ROC's target Amcomri has forecast EBITDA for FY2022 of £5.401M. I'm a bit surprised that you apparently don't appreciate that pre-RTO suspension is a normal (and usually regulatory-required) step in this game. And that you apparently wouldn't consider an average uplift of 90% during suspension (based on suspension price to RTO price) as worth waiting for. You must be one of the world's greatest traders if you think you can beat that by short term trading in the current bad markets! Though if you were, surely you would be so well off already that you would have plenty of spare money that you would be happy to see locked away ... That said, DISH and MMMM may still get their RTOs away, so you could be in for a nice 'surprise'. Resource RTOs, in foreign countries, tend to take the longest to arrange: a domestic RTO I've seen completed in a suspension period of as little as a month, whereas it's not unusual for a foreign resource RTO to take a suspension period of up to a year or so. The limited cash backing of DISH and MMM may though mean that their share of the enlarged equity in a successful RTO would be relatively disappointing. And that can make the RTO harder to get over the line, because of tension between the valuation interests of the shell, its target, and new investors, that can be difficult to resolve, especially in challenged markets. In conclusion, good luck with those shells of yours! |
Posted at 04/11/2022 15:51 by hedgehog 100 Melloteam has confused NZI with IX. ... it is IX. who will be at the event concerned, not NZI:-09/02/2022 07:00 UK Regulatory (RNS & others) i(x) Net Zero PLC Admission to AIM & First Day of Dealings LSE:IX. I(x) Net Zero Plc "Admission to Trading on AIM & First Day of Dealings i(x) Net Zero PLC, the investing company which focuses on Energy Transition and Sustainability in the Built Environment, announces that admission to trading on AIM ("Admission") will take place and dealings will commence at 8.00 a.m. today under the ticker "IX.". The number of ordinary shares in issue immediately following Admission will be 79,056,811, giving the Company a market capitalisation of approximately GBP60.1 million at the issue price of 76 pence per share (the "Placing Price"). The Admission Document is available at: hxxps://ixnetzero.co Summary and Highlights -- Successful Placing, Subscription and PrimaryBid offer (together the "Fundraising") raised proceeds of approximately GBP10.7 million before expenses through the issue of 14,056,811 new ordinary shares with institutional and other investors at the Placing Price ("New Ordinary Shares"). ..." |
Posted at 27/10/2022 23:06 by melloteam Just to let shareholders and prospective investors know that Net Zero will be one of the companies presenting at MelloLondon, the two-day investor conference on Wednesday 16th and Thursday 17th November 2022. The event will also feature top quality keynote speakers such as Lord Lee, Katie Potts, Andy Brough, Gervais Williams and many more. You can also expect educational workshops and panel sessions; 50 exhibiting companies; and over 100 company presentations.For more information, click here: Tickets for 1 day are £99 and tickets for 2 days are £159. To get 50% off, use code MMTADVFN50. |
Posted at 19/5/2022 08:50 by hedgehog 100 Suspended for a RTO (reverse takeover), as is standard practice.And it looks like a good one: a significant, profitable business in an exciting, buoyant space. Well done to NZI's management, and fingers crossed that the RTO proceeds. 19/05/2022 07:30 UK Regulatory (RNS & others) Official List Suspension - Net Zero Infrastructure PLC LSE:NZI Net Zero Infrastructure Plc "NOTICE OF TEMPORARY SUSPENSION OF LISTING FROM THE OFFICIAL LIST 19/05/2022 07:30 TEMPORARY SUSPENSION Net Zero Infrastructure PLC The Financial Conduct Authority ("the FCA") temporarily suspends the securities set out below from the Official List effective from 19/05/2022 07:30 at the request of the company: ..." 19/05/2022 08:11 UK Regulatory (RNS & others) Net Zero Infrastructure Plc Proposed Acquisition and Suspension of Listing LSE:NZI Net Zero Infrastructure Plc "NZI, a special purpose acquisition company formed with the intention to acquire renewable or clean energy technology companies and to finance, develop and promote those environmentally sound projects internationally, is pleased to confirm that it has signed a non-binding letter of intent ("LOI") to acquire the entire issued share capital of Taylor Construction Plant Limited and Solar Highways Limited ("TCP" or "the Target"). TCP is a UK based infrastructure services business, for a combination of cash consideration and new shares in the Company (the "Proposed Transaction"). The Proposed Transaction, if completed, and an associated proposed placing of shares by the Company, details of which will be announced in due course, would result in the shareholders of the Target having a significant minority interest in the enlarged group. The principal activity of TCP is the supply and hire of specialist equipment to UK infrastructure and construction contractors. TCP is transitioning its existing business from diesel-powered to zero emission equipment powered by hydrogen and other renewable sources. This is carbon neutral at the point of use and offers customers an alternative to the use of diesel across a wide range of market applications, including in construction, events, film, and temporary power. The Target is profitable and includes as its customers a number of leading participants in the infrastructure services market. The Proposed Transaction is subject, inter alia, to the completion of due diligence, documentation and compliance with all regulatory requirements, including the Listing and Prospectus Rules and, as required, the Takeover Code (the "Conditions"). The Company will update shareholders as to progress made in relation to the Proposed Transaction as and when appropriate. As a non-binding LOI is subject to the Conditions, the Company cannot guarantee nor provide any certainty that the Proposed Transaction will be completed. The Proposed Transaction, if it proceeds, will constitute a Reverse Takeover under the Listing Rules since, inter alia, in substance it will result in a fundamental change in the business of the issuer. Where a reverse takeover is contemplated but has not yet been completed, the FCA will normally suspend a company's listing pending the publication of a prospectus prepared in accordance with the Prospectus Rules and approved by the FCA, or an announcement that the Proposed Transaction is not proceeding. Accordingly, the Company has requested that the listing of its Ordinary Shares of £0.01 each (ISIN GB00BNK8T635) be suspended temporarily with effect from 7.30 a.m. today. The Company is working on the preparation of a prospectus in relation to the Proposed Transaction and intends, in due course, to make an application for the enlarged Company to have its Ordinary Shares admitted to the Official List and to trading on the Main Market for listed securities of the London Stock Exchange ("Relisting"). Should the Proposed Transaction not proceed, then the Company would need to apply for the suspension to be lifted and for trading to be restored. The UK MAR offers, by way of exception to the immediate disclosure of inside information, the possibility on a case-by-case basis to delay such disclosure under certain conditions. In accordance with article 17(4) of UK MAR, any issuer may thus delay, under its own responsibility, the public disclosure of inside information so as not to prejudice its legitimate interests provided that such omission is not likely to mislead the public and the issuer is able to ensure the confidentiality of the information. The Company relied on article 17(4) of UK MAR and delayed the release of information in respect of the signing of the LOI. In the opinion of the board of directors of the Company, the delay of the publication of information on the decision to commence negotiations on the Proposed Transaction was in the Company's legitimate interest as its disclosure was likely to affect the outcome of those negotiations or their normal pattern. The decision to commence negotiations only showed the intention and the final success of those negotiations depended on many factors. In the opinion of the board of directors of the Company, the delay was not likely to mislead the public and they could ensure the confidentiality of the information. Mike Ellwood, CEO of NZI, said: "The Board of NZI has been impressed with the historical performance of the Proposed Target and its continued growth as it transitions into the green energy space. The Proposed Target has a strong management team, who have demonstrated innovation with the roll-out of its Hydrogen and other renewable power solutions to the growing UK market in infrastructure services and it is playing an important role in the green economy space. We look forward to working with them with a view to completing this transaction and to continue to develop the business with them thereafter. Andrew Barker, CEO and significant shareholder of Taylor Construction Plant Ltd added: "On behalf of my fellow shareholders and the board of TCP, we are excited by the opportunity to partner with NZI and its shareholders/investo the continued growth within a fast-expanding net zero market sector. As we continue to develop and roll out an exciting new range of clean energy products and services, the enlarged grouping and funding support will be well placed to lead and support its existing and new customer relationships as they transition towards clean energy powered solutions. ..." |
Posted at 10/5/2022 15:22 by hedgehog 100 "the small cap market is dire atm"Yes Knigel, which makes a shell like NZI - with both great cash underpinning and great deal prospects - a great place to 'park funds' at the moment. Many investors may wish to reduce their exposure to shares in companies with trading businesses, but holding cash for months doesn't give any real direct upside - certainly in the short term. NZI though has both underpinning, and great potential upside - it could easily multibag from this level on a good deal, and it could be soon. And you don't have to worry about funds being tied up here for a while if you won't be using them anyway. |
Posted at 09/2/2022 11:27 by hedgehog 100 A new investing company IPO today with a very similar name to NZI ... so don't get confused! -09/02/2022 07:00 UK Regulatory (RNS & others) i(x) Net Zero PLC Admission to AIM & First Day of Dealings LSE:IX. I(x) Net Zero Plc "Admission to Trading on AIM & First Day of Dealings i(x) Net Zero PLC, the investing company which focuses on Energy Transition and Sustainability in the Built Environment, announces that admission to trading on AIM ("Admission") will take place and dealings will commence at 8.00 a.m. today under the ticker "IX.". The number of ordinary shares in issue immediately following Admission will be 79,056,811, giving the Company a market capitalisation of approximately GBP60.1 million at the issue price of 76 pence per share (the "Placing Price"). The Admission Document is available at: hxxps://ixnetzero.co Summary and Highlights -- Successful Placing, Subscription and PrimaryBid offer (together the "Fundraising") raised proceeds of approximately GBP10.7 million before expenses through the issue of 14,056,811 new ordinary shares with institutional and other investors at the Placing Price ("New Ordinary Shares"). ..." |
Posted at 10/11/2021 07:34 by oliversydney Agree very few shares now available and there must be plans in place for this company as serious investors now in plsce |
Posted at 21/9/2021 13:53 by tomboyb £90 billion of bids for Bonds within 1 hour ! -That's nutx - Clearly the this market is beginning to take off - I'm sure NZI can look at various projects in this market and with interest investors will do well - |
Posted at 21/9/2021 13:37 by tomboyb UK’s debut ‘green gilt’ sale draws blockbuster demandFrom the Mac thread - Financial Times @FinancialTimes Investors queued up to buy the new 12-year bond, placing £90bn of bids within the first hour after order books opened, according to bankers working on the deal |
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