Net Zero Infrastructure PLC Update on QuiaPEG Transaction

RNS Number : 8928S

Net Zero Infrastructure PLC

19 June 2024

 

19 June 2024

 

NET ZERO INFRASTRUCTURE PLC

 

("NZI" or the "Company")

 

Update on QuiaPEG Transaction

 

Net Zero Infrastructure Plc, 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 announce it has now completed its third-party independent valuation of the intellectual property assets of QuiaPEG Pharmaceuticals AB and the assets are estimated to be worth around £30m, following the announcement made on 16 February 2024.

 

QuiaPeg is a drug development company based on a patented drug delivery platform, Uni-Qleaver®, and the company develops improved and patentable forms of drugs under development or already approved by regulatory authorities. QuiaPEG's shares are admitted on trading on Nasdaq First North Growth Market.

 

Work will continue on the prospectus and finalising the license agreement so the transaction can be completed in the coming months. 

 

Enquiries:

For further information, please visit - www.nziplc.com

 

Contact Details

 

Net Zero Infrastructure plc Mike Ellwood - Non-Executive Chairman	[phone]
Axis Capital Markets Limited (Company Broker) Richard Hutchison	[phone]
IFC Advisory (Financial PR) Graham Herring Tim Metcalfe	[phone]

 

 

 

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