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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Net Zero Infrastructure Plc | LSE:NZI | London | Ordinary Share | GB00BNK8T635 | ORD GBP0.01 |
Bid Price | Offer Price | High Price | Low Price | Open Price | |
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Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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Electric Services | -595k | -0.0098 | -1.38 | 819.45k |
Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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- | O | 0 | 1.35 | GBX |
Date | Time | Source | Headline |
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28/10/2024 | 12:56 | UK RNS | Net Zero Infrastructure PLC Result of Annual General Meeting |
30/9/2024 | 16:00 | UK RNS | Net Zero Infrastructure PLC Posting of Annual Report and Notice of AGM |
24/7/2024 | 09:49 | UK RNS | Net Zero Infrastructure PLC Update on QuiaPEG Transaction |
19/6/2024 | 13:51 | ALNC | IN BRIEF: Net Zero completes valuation of QuiaPEG Pharmaceuticals |
19/6/2024 | 06:00 | UK RNS | Net Zero Infrastructure PLC Update on QuiaPEG Transaction |
02/2/2024 | 14:20 | ALNC | IN BRIEF: Net Zero Infrastructure loss steady as sets reverse takeover |
29/1/2024 | 15:15 | UK RNS | Net Zero Infrastructure PLC Interim Results |
18/1/2024 | 19:42 | ALNC | TRADING UPDATES: Coro Energy strikes finance deal in Vietnam |
18/1/2024 | 09:34 | UKREG | Net Zero Infrastructure PLC Potential Acquisition |
04/1/2024 | 13:30 | ALNC | IN BRIEF: Net Zero terminates acquisition deal on lack of funds |
Net Zero Infrastructure (NZI) Share Charts1 Year Net Zero Infrastructure Chart |
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1 Month Net Zero Infrastructure Chart |
Intraday Net Zero Infrastructure Chart |
Date | Time | Title | Posts |
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27/9/2023 | 22:54 | NET ZERO INFRASTRUCTURE PLC | 229 |
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Posted at 12/12/2024 08:20 by Net Zero Infrastructure Daily Update Net Zero Infrastructure Plc is listed in the Electric Services sector of the London Stock Exchange with ticker NZI. The last closing price for Net Zero Infrastructure was 1.35p.Net Zero Infrastructure currently has 60,700,000 shares in issue. The market capitalisation of Net Zero Infrastructure is £819,450. Net Zero Infrastructure has a price to earnings ratio (PE ratio) of -1.38. This morning NZI shares opened at - |
Posted at 07/6/2023 17:58 by hedgehog 100 Thanks to MrMagorium on LSE for flagging up this piece on the LINE Hydrogen website:-"LINE Hydrogen Announces UK Listing June 1, 2023 | Line Hydrogen | Brisbane, Australia The Australian green hydrogen company is merging with UK organisation, Net Zero Infrastructure PLC, and is set to be listed on the LSE by September. LINE Hydrogen, a leading Australian-based hydrogen production company is pleased to announce that it has executed a Heads of Terms with Net Zero Infrastructure PLC (NZI) a Special Purpose Acquisition Company (SPAC) listed on the Main Market of the London Stock Exchange (LSE) for a reverse takeover between the two companies. The proposed transaction is expected to be completed by September 2023, subject to pre-conditions and regulatory approvals. ..." |
Posted at 01/6/2023 14:22 by hedgehog 100 01/06/2023 07:51 PR Newswire (US) Net Zero Infrastructure Plc - Possible Acquisition and Suspension of Listing LSE:NZI Net Zero Infrastructure Plc"The Directors of the Company are pleased to inform shareholders that it has signed a non-binding letter of intent ("LOI") to acquire the entire issued share capital of LINE Hydrogen (Australia) Pty Ltd, a limited liability company in the renewables energy sector incorporated in Australia (the "Potential Target") in consideration for an issue of new shares in the Company (the "Acquisition"). The Acquisition, if completed, and an associated proposed private fundraise by the Company, details of which will be announced in due course, would result in the shareholders of the Potential Target having a majority interest in the enlarged group. ... NZI's Chairman, Mike Elwood said: "Joining forces with LINE Hydrogen means we can leverage our joint resources with a view to expanding operations and driving the development of the green energy sector. Together, we believe that we are well-positioned to capitalize on the growth potential in this market and contribute to a more sustainable future." Brendan James, Founder and Executive Chairman of LINE Hydrogen, added: "We are thrilled to announce our proposed transaction with NZI," said Brendan James, Founder and Executive Chairman of LINE Hydrogen. "The planned merger reflects our shared vision of advancing the hydrogen economy and accelerating the adoption of clean energy solutions. We believe that, by combining our strengths and expertise, we can create significant value for our shareholders and make a positive impact on the global energy landscape." ... About LINE Hydrogen (Australia) Pty Ltd LINE Hydrogen (Australia) Pty Ltd is an Australian-based hydrogen production company. The company specializes in the production, distribution and storage of hydrogen for various applications, offering innovative solutions that contribute towards a sustainable and decarbonized future. ..." "Green Hydrogen Production Now" "LINE Hydrogen will deliver early market, commercial scale green hydrogen for diesel replacement in Australia." Looks like it could be a large and exciting RTO. NZI has been suspended today at a price of 1.35p, market cap. £819,450 (60.7M. shares in issue). |
Posted at 18/1/2023 17:37 by hedgehog 100 Also note that due to recent changes in listing rules, 'newer' main-listed shells like MCI cannot arrange a sub-£30M. market cap. RTO, unlike NZI.To summarise:- • 'Pre-existing' main-listed shells that listed by 2.12.21 can still arrange a sub £30M. market cap. RTO (minimum only £0.7M.), up until 1.12.23 completed FCA submissions; after that they can still arrange RTOs, but subject to the £30M. minimum. • 'New' main-listed shells can still float with a sub £30M. market cap. (previous minimum only £0.7M.), up until 2.6.23, if they completed their FCA submission by 2.12.21. - But these shells will be subject to the £30M. RTO minimum. This clearly gives shells like NZI more flexibility. And as the supply of older main-listed shells like NZI gradually dries up, their scarcity value increases, with the smallest RTO candidates fighting over this diminishing pool of available shells. NZI is also far further down the road to arranging a RTO than new shells, and will have an existing list of RTO candidates to choose from, from its work since it listed in September 2021. |
Posted at 18/1/2023 16:19 by hedgehog 100 So the TCP deal is indeed off the table now.But NZI still plans to effect a RTO this year, and should have enough cash to arrange this. 18/01/2023 09:46 UK Regulatory (RNS & others) Net Zero Infrastructure Plc Interim Results to 30 September 2022 LSE:NZI Net Zero Infrastructure Plc "INTERIM CONDENSED FINANCIAL STATEMENTS FOR THE SIX MONTH PERIODED 30 SEPTEMEBR 2022 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 its unaudited interim results for the six months ended 30 September 2022. Chairmans Statement Since the Company's year-end in March 2022, the Board continued to search for suitable acquisition targets. On 19 May 2022, the Company announced that it had signed a heads of agreement with Taylor Construction Plant Limited ("TCP") to acquire the entire issued share capital of TCPL. On 18 November 2022, the Company confirmed that it had reluctantly withdrawn from talks to acquire Taylor Construction Plant Limited. Due to market conditions, the Directors of NZI believed that they could not raise the funds required to complete this transaction. As a result, they concluded that it was in the best interests of its shareholders and those of TCP to cease talks with TCP. The net assets of the Company, after costs for the aborted transaction are £ 879,679. The Board still aims to effect a transaction in the renewable or clean energy technology sector, in line with its existing acquisition strategy, in the 2023. Financial Review For the six months to 30 September 2022, the Company reports a net loss of £ 285,605 (2021: net loss of £173,915). During the six months to 30 September 2022, the Company continued its strict financial discipline, incurring a net operating cash outflow of £307,879 (2021: inflow of £66,800). The Company held cash at 30th September 2022 of £888,038 (2021: £66,800). ..." |
Posted at 06/1/2023 16:00 by hedgehog 100 Good to receive an update, and for the annual report and financial statement link to be RNSed.As you would expect, this is the same report and financial statement submitted to Companies House on 12th. December, which we have already seen. So NZI's 1.12.22 Chairman's statement in this is talking as if the TCP RTO is still live, despite the 18.11.22 'termination of acquisition' RNS. And the second RNS today is to a degree qualified in this regard:- "The Directors of NZI continue to see a number of prospective transactions in the renewable or clean energy technology sector, in line with its existing acquisition strategy. In the event that a prospective transaction becomes viable the Directors will notify shareholders." This could suggest that NZI & TCP haven't been able to agree terms that NZI currently considers viable for it, but that this could change. 06/01/2023 11:13 UK Regulatory (RNS & others) Net Zero Infrastructure Plc Annual Report and Financial Statements LSE:NZI Net Zero Infrastructure Plc "ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 Please see link for the full Annual Report and Financial Statements here: hxxps://mma.prnewswi 06/01/2023 11:13 UK Regulatory (RNS & others) Net Zero Infrastructure Plc Release of Final Results LSE:NZI Net Zero Infrastructure Plc "Release of Final Results and update on application for the Resumption of Trading Annual Results to 31 March 2021 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 announces that today 6 January 2023 that the Company's Annual Report & Financial Statements for the Year to 31 December 2021 has been published ("Annual Report"). The full Annual Report can be viewed at the Company's website: www.nziplc.com The Company's Annual General Meeting will be convened in due course and shareholders will be duly notified. The Annual Report together with the Notice of AGM and Form of Proxy will be mailed or otherwise made available to shareholders in due course. Update on resumption of trading The Board can also confirm that intends to publish its Interim Results to 30 September 2022 by the 16 January 2023 and following those being published will then apply for the lifting of the suspension of the Company's shares to trading on the Standard Segment of the London Stock Exchange. Update on activities The Directors of NZI continue to see a number of prospective transactions in the renewable or clean energy technology sector, in line with its existing acquisition strategy. In the event that a prospective transaction becomes viable the Directors will notify shareholders. ENQUIRIES For further information, please visit - www.nziplc.com Contact Details Net Zero Infrastructure PLC Mike Ellwood - Chairman- 07999 329382 Corporate Finance Advisor Ikonia Fintech Capital AG - David Scott +44 7977 121135 Corporate Broker Axis Capital Markets Kamran Hussain +44 203 0260320" |
Posted at 21/11/2022 15:13 by hedgehog 100 Thanks for that info. Lazygun.Personally, I wouldn't worry if some of the contact details haven't been updated. Details do sometimes change, and updating isn't always a priority. Ikonica's registered office is in Germany, but their operations are in London: Another possible contact is NZI's largest shareholder, Mr Rupert Labrum, who holds 29.65%:- He is also Executive Chairman at Primorus Investments (PRIM):- And he posts on the ADVFN PRIM thread as betterupthandown1:- Although he's not a NZI director, as the largest shareholder he may have easier contact with its directors, and indeed may carry some influence. I would be interested in his views on why NZI doesn't RTO TCP now, without raising funds, and the raise more funds next year. Note that 'pre-existing' main-listed shells that listed by 2.12.21 (i.e. including NZI) can still arrange a sub £30M. RTO (minimum only £0.7M.), up until 1.12.23 completed FCA submissions; after that they can still arrange RTOs, but subject to the £30M. minimum. "The Directors of NZI still aim to effect a transaction in the renewable or clean energy technology sector, in line with its existing acquisition strategy in the new year." The New Year isn't far away. Normally if a shell with NZI's market cap. and cash said that it it could effect a RTO shortly, you would expect a nice share price uplift in anticipation. I have also previously seen directors come in to buy shares after an aborted RTO. So a dip at trading resumption could provide a real buy opportunity, from an already depressed s.p.: the market cap. of £1.34M., at 2.2p, is already very low. Moreover, the numbers here are similar to CRES, which has a proposed RTO at a shell value of c. £2M.: for NZI that would equate to about 3.3p/share. That's above its IPO price of 3p last year - shells like to RTO at a premium to their original float price. |
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 19/11/2022 20:42 by hedgehog 100 Dave,NZI's cash position, relative to its market cap., looks vastly better than the two suspended shells you have holdings in:- MMM: suspended for RTO at 3.9p, market cap. £1.25M., needs to raise funds soon. Loss for year ended 31.1.22: £172,468. Cash as at 31.7.22: £114,174. DISH: suspended for RTO at 0.425p, market cap. £1.54M., needs to raise funds soon. Loss for half year ended 30.9.21: £172,468. Raised £310K. 8.12.21. And even in current challenged markets, some shells are still successfully completing RTOs. Here are a couple of recent examples:- 22/09/2022 06:01 UK Regulatory (RNS & others) Sivota PLC Readmission and Publication of Prospectus LSE:SIV Sivota Plc 31/10/2022 07:00 UK Regulatory (RNS & others) Vox Valor Capital Limited Admission to Main Market and First Day of Dealings LSE:VOX Vox Valor Capital Limited Obviously an aborted RTO is always a disappointment, but some shells take more than one try to get a deal over the line, but then go on to great success. And with NZI, at least the share price was suspended at a low, which wasn't really factoring in any hope of a deal. |
Posted at 28/9/2022 20:39 by hedgehog 100 The cash shell TMOR (a similar shell to NZI) announced great RTO news on Friday, and if it hadn't been suspended pre-opening, it would probably have been top riser for the weekend: a proposed RTO at a share price of 2.25p, well over double the current share price of 0.95p:-23/09/2022 07:45 UK Regulatory (RNS & others) More Acquisitions PLC Acquisition - Megasteel and Suspension of Trading LSE:TMOR More Acquisitions Plc "Proposed Acquisition of Megasteel Limited and Suspension of Trading ... -- Proposed Acquisition values the current issued share capital of More at GBP2.81 million (vs GBP1.19 million at closing on 22 September 2022) or over 2.3 times the Company's current net cash Background Megasteel (www.megasteel.co.uk ), has traded for more than 30 years in the United Kingdom, and is one of the largest stockholders and distributors of high-quality steel for the prestressing and post-tensioning of concretes in the UK. Prestressed concrete is a critical building product used in the UK construction market, from house floors to bridge beams and from railway sleepers to high rise buildings in the City of London. In its financial year ended 31 October 2021, Megasteel made audited pre-tax profits of GBP3m on turnover of GBP19.7m. ... Nigel Roberts, CEO of Megasteel Ltd added: "We have built Megasteel over the last 30 years to be one of the biggest suppliers in the UK of prestressing wire and strand, a product used in almost every construction project in the country, and we have been considering a listing of the business for many years. We are pleased to be working with More Acquisitions as the vehicle that will enable us to do this. Over many years we have been able to grow our sales, generate revenues, make profits and turn those profits into cash which we have reinvested into the business to keep the cycle going. Applied over a long period of time these business methods have produced a profitable business that I am proud to have started. ... We were attracted to More Acquisitions as our vehicle to list because we liked the simplicity and cost-effective way in which it had been set up with its 'one price for all', no advisory or broking fees, capped listing and on-going costs and no director salaries, the Company and its key stakeholders fitted very well with our views on how a business should be run!" |
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. ..." |
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