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  5. IN BRIEF: Amte Power joint administrators agree business, asset sale

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IN BRIEF: Amte Power joint administrators agree business, asset sale

Fri, 02nd Feb 2024 10:46

Amte Power PLC - London-based lithium-ion and sodium-ion battery cells developer - Says joint administrators Richard Bloomfield, Ian Corfield and Michelle Marie Elliot of FRP Advisory Trading Ltd have entered a business & sale agreement, regarding the sale of a part of the trading business and some other assets to LionVolt Ltd. Amte Power reiterates that if it fails to appoint a replacement nominated advisor following the resignation of WH Ireland Ltd in January, its admission of shares to trading on AIM will be cancelled. AMTE has one month to appoint a new nominated advisor after WH Ireland's resignation on January 19.

Current stock price: 0.88 pence

12-month change: down from 63.5p on February 2, 2023

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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16 Dec 2021 13:37

Amte Power confirmed as partner on EV charging system project

(Sharecast News) - Lithium- and sodium-ion battery cell manufacturer Amte Power has been confirmed as a partner in the new UK government-funded project 'Celeritas', it announced on Thursday, to develop ultra-fast charging systems for electric vehicles.

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17 Nov 2021 15:32

Amte Power making 'excellent progress' towards production

(Sharecast News) - Lithium- and sodium-ion battery technology company Amte Power said on Wednesday that it was making "excellent progress" in line with its planned pathway to production.

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17 Nov 2021 12:09

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5 Oct 2021 19:22

IN BRIEF: Amte Power annual loss widens on increased investment spend

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24 Sep 2021 20:15

IN BRIEF: Amte Power appoints James Hobson as finance head

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18 Aug 2021 11:52

Amte Power picked for UK-backed electric vehicle charging consortium

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18 Aug 2021 10:55

AMTE Power joining EV fast-charging consortium

(Sharecast News) - Lithium-ion and sodium-ion battery technology company AMTE Power said on Wednesday that it was shortly expected to be confirmed as a partner in a new UK government-funded project called 'CELERITAS', to develop ultra-fast charging systems for electric and fuel-cell vehicles.

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16 Jul 2021 15:17

AMTE Power expects annual performance to meet market expectations

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16 Jul 2021 13:59

Amte Power makes operational progress as newly-listed company

(Sharecast News) - Lithium and sodium-ion battery technology company Amte Power reported a "successful" 12 months in a trading update on Friday, following its admission to AIM alongside an oversubscribed placing in March, which raised gross proceeds of £12.9m.

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24 Jun 2021 19:56

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23 Mar 2021 10:53

First-half losses widen in Amte's first results since IPO

(Sharecast News) - Specialist lithium and sodium battery developer Amte Power reported revenue of £0.62m in its first half on Tuesday, rising from £0.58m year-on-year.

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