Aura Renew Acq Share Price (ARA)

15th Apr 2024 4:41 pm RNS Notice of AGM

"Aura Renewable Acquisitions plc announces that it has today sent its Annual Report and Financial Statements for the period ended 31 December 2023 (the "Annual Report 2023") and its Notice of Annual General Meeting (the "Notice") to shareholders.

The Company's second Annual General Meeting will be held at 11:30 a.m. on Wednesday, 15 May 2024 at the offices of CFPro Cosec Limited, First floor, Holborn Gate, 330 High Holborn, London, WC1V 7QH.

In accordance with Listing Rule 9.6.1R, copies of the following documents will soon be submitted to the Financial Conduct Authority's National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

- Annual Report and Accounts 2023; and

- Notice of Annual General Meeting.

Publication on website

Copies of the Annual Report 2023 and the Notice of Annual General Meeting are available on the Company's website at https://aurarenewables.com/. "

https://www.lse.co.uk/rns/ARA/notice-of-agm-xfra62u3x4zdzfk.html

8th Apr 2024 7:00 am RNS Final Results

" ... - In the UK, the Electricity System Operator emphasised the importance of wind power as it unveiled in March 2024 a £58 billion investment in the electricity grid to decarbonise power while meeting growing energy demand by 2035.

- On 27 March 2024 the UK electricity regulator Ofgem announced a £3.4 billion funding package for a proposed 2GW 'electricity superhighway' between Scotland and Yorkshire, to help harness the potential of Britain's offshore wind, powering up to 2 million homes.

- Also in March 2024, the UK Government announced initiatives to improve energy market efficiency, while further investments in renewable energy transmission and distribution have been announced by both SP Energy Networks and ScottishPower. Meanwhile, demand for both solar PV and heat pump small-scale installations has risen substantially.

Against this highly positive background, our investment horizon is wide within our chosen sector, and we will continue to assess and qualify what we believe to be value accretive opportunities wherever they arise. When our ongoing evaluation and investigation result in the potential for a transaction, the Company will give the market appropriate notice.

John Croft, the Chairman of Aura commented:

"The ongoing economic and political uncertainty caused by supply chain issues, inflation, interest rate rises, hostilities in Europe and further afield, continued to restrict capital market activity during 2023. However, early signs of interest rate reductions on the back of lower inflation figures should have a positive impact on markets. We remain confident that the renewable energy sector will offer excellent opportunities for acquisitive and organic growth and are committed to ensure that the Company and its stakeholders have the chance to share in these opportunities. We believe our strategic approach to finding the right transaction, while closely controlling overheads will prove successful."

Publication on website

A copy of this announcement is also available on the Company's website at http://www.aurarenewables.com.

Enquiries

Aura Renewable Acquisitions Plc

John Croft (Non-Executive Chairman) 07785 315588

Robin Stevens (Non-Executive Director) 07787 112059

Media enquiries

Allerton Communications

Peter Curtain 020 3633 1730

aurarenewables@allertoncomms.co.uk "

https://www.lse.co.uk/rns/ARA/final-results-8v6yjp6nfm3suyk.html

8th Apr 2024 7:00 am RNS Final Results

"8 April 2024 - Aura Renewable Acquisitions plc, a UK-based company whose objective is to build shareholder value by investing in the global renewable energy supply chain, announces its results for the year ended 31 December 2023.

The Company has continued to seek suitable acquisition and investment targets while operating with minimal overheads following its admission to the Standard Segment of the Main Market of the London Stock Exchange in April 2022, raising gross proceeds of £1,000,000 from a placing and subscription. In the year to 31 December 2023, the Company incurred a loss before taxation of £153,000 (2022: £236,000). At 31 December 2023, the Company retained cash resources of £661,000 (2022: £809,000).

Aura was established to acquire then act as the holding company for targeted businesses operating in the Global Renewable Energy Sector Supply Chain, particularly participants in the battery, wind, solar, biomass, hydropower, carbon capture, waste management, smart grids and green hydrogen supply chain, and their sub-sectors. These potential targets could range from raw materials resourcing to power generation, energy storage and recycling.

During the year the board has met and assessed potential acquisition targets in the UK and overseas while maintaining close connections with potential business introducers from within the Board's professional and business networks. By reinforcing the board's intentions and objectives to these potential introducers of opportunities, we have maintained a pipeline of potentially significant targets and held early and encouraging discussions with a number of companies in a range of sectors and jurisdictions.

Internationally, governments and policy makers continue to affirm their collective commitment to reducing greenhouse gas emissions through the transition from fossil fuels to renewable energy in order to limit climate change - while seeking to balance energy sustainability, affordability and security. By way of example:

- In March 2024 the United Nations Framework Convention on Climate Change and the International Energy Agency underlined their joint approach to addressing climate change.

- As announced in November 2023, the EU contributed €28.5 billion in climate finance from public sources and mobilised a further €11.9 billion of private finance in 2022 to support developing countries in reducing greenhouse gas emissions and adapting to the impacts of climate change.

- The United States government remains engaged in multiple sectors to meet its climate goals, its Inflation Reduction Act delivering large emission reductions at manageable cost. ..."

https://www.lse.co.uk/rns/ARA/final-results-8v6yjp6nfm3suyk.html

On International Day of Zero Waste 2024, it's worth reflecting on the huge investment implications of the move towards net zero.

From Hargreaves Lansdown "Investment Times", Issue 157 - winter 2023-2024:-

"The mega-trends driving 2024 and beyond"

"Transition to net zero

Net zero is going to drive a lot of investment. Whether we reach it or not, there's enough legislation in place already in major economies to ensure that a lot of things are going to change.

Power generation is decarbonising, which means new grids must be built. Total generation capacity needs to rise to allow electricity to replace fossil fuels from transport systems.

We'll need vast amounts of minerals and metals to enable electrification. There are legitimate questions as to whether this is physically possible with the resources we currently have. And battery technology needs to make some huge leaps before it can enable renewables to truly fulfil the central role they must play in a decarbonised economy.

Every industrial process, every day-to-day activity will need to be re-engineered to reduce energy intensity and material consumption to even get close to net zero.

These are huge challenges, but present huge opportunities.

As carbon intensity falls, efficiencies will rise, which has never been a bad thing for business. Of course, there will be losers along the way. Carbon pricing will punish the inefficient and create competitive advantage for the best of breed players in every sector.

Insulating portfolios from carbon pricing is a core challenge for funds. Our focus on capital-light, IP and technology-rich businesses in the HL Select portfolios means they have below average carbon intensity, which should stand us in good stead".

[N.B. The H.L. article identified just three mega-trends, with net zero being the first. The other two were artificial intelligence (AI) and more technology on the road.]

The quotation at the end of my previous post was a Cree prophecy.

"United Nations

International Day of Zero Waste

30 March

Addressing the waste crisis

Humanity’s unsustainable production and consumption practices are driving the planet towards destruction.

Households, small businesses and public service providers generate between 2.1 billion and 2.3 billion tons of municipal solid waste every year – from packaging and electronics to plastics and food. However, global waste management services are ill-equipped to handle this, with 2.7 billion people lacking access to solid waste collection and only 61–62 per cent of municipal solid waste being managed in controlled facilities. Humanity must act urgently to address the waste crisis.

The second annual International Day of Zero Waste highlights both the critical need to bolster waste management globally and the importance of sustainable production and consumption practices. It celebrates zero-waste initiatives at all levels, which contribute to the advancement of the 2030 Agenda for Sustainable Development.

Bolstering waste management and upstream solutions

Improving collection, recycling and other forms of sound waste management remain an urgent priority.

But to solve the waste crisis, humanity must treat waste as a resource. This entails reducing waste generation and following the lifecycle approach. Resources should be reused or recovered as much as possible, and products should be designed to be durable and require fewer and low-impact materials. Upstream solutions like these can minimize pollution of air, land, and water and decrease the extraction of precious and limited natural resources.

Achieving zero-waste societies requires action at all levels from all stakeholders.

Consumers can change consumption habits and reuse and repair products as much as possible before properly disposing of them. Governments, communities, industries and other stakeholders must improve financing and policymaking, especially as the waste crisis disproportionately impacts the marginalized, urban poor, women and youth. ..."

https://www.un.org/en/observances/zero-waste-day

"Only after the last tree has been cut down.

Only after the last river has been poisoned.

Only after the last fish has been caught.

Only then will you find that money cannot be eaten."