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(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and Monday and not separately reported by Alliance News:
Read morei(x) Net Zero PLC - St Helier, Jersey-based investor focused on energy transition - Investee Enphys Acquisition Corp extends deadline to complete an unspecified acquisition to June 8 from February. Says this is subject to approval by Enphys shareholders. A further announcement will be made "in due course".
Read morei(x) Net Zero PLC - St Helier, Jersey-based investor focused on energy transition - Completes sale of its interest in portfolio company Carbon Engineering Ltd to Occidental Petroleum Corp. Company announced deal in mid-August, saying Occidental had agreed to buy Carbon Engineering for USD1.1 billion. i(x) Net Zero had an approximate 0.45% indirect interest in Carbon Engineering, which it said would be worth USD7.2 million at purchase price, compared with its initial USD1 million investment. Says on Friday it has now received the first approximate USD2 million tranche of sale proceeds, about 30% of the USD7.2 million gross proceeds. Company expects to receive a further 30% in November 2024 and the final 40% in November 2025.
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(Sharecast News) - Energy transition specialist ix Net Zero announced an expansion of its financial capabilities through a restated and amended secured two-year term loan facility with European Depositary Bank (EDB) on Friday.
Read more(Alliance News) - i(x) Net Zero PLC on Friday said its subsidiary entered into a restated two-year term loan facility.
Read morei(x) Net Zero PLC - investor in energy transition - Says it Enphys Acquisition Corp has agreed with its shareholders to extend the deadline for an initial acquisition from October 8 to July 8, 2024. i(x) Net Zero has an indirect 30% stake in Enphys. Enphys filed for an extension with the US Securities & Exchange Commission in August.
Read more(Sharecast News) - Investing company ix Net Zero announced on Wednesday that its portfolio company, Sustainable Living Innovations (SLI), has opted not to move forward with the initially planned business combination with Churchill Capital Corp V, as announced on 10 March.
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
Read morei(x) Net Zero PLC - investor in energy transition - Says its portfolio company Sustainable Living Innovations Inc will no longer combine with Churchill Capital Corp V. Says the previously disclosed non-binding letter of intent between the two parties has been terminated, while Sustainable Living Innovations will pursue "alternative options that can support its plans to address sustainable housing affordability". i(x) Net Zero has an indirect 0.1% interest in Sustainable Living Innovations, held via MultiGreen SLI Partners LP and and a USD150,000 unsecured convertible promissory note.
Read more(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:
Read morei(x) Net Zero PLC - investor in energy transition - Adds a new company to its portfolio. Invests USD600,000 into Citron Energy Inc, a US-based alternative fuels business. Says Citron Energy aims to replace the use of fossil fuels by processing non-recyclable municipal and commercial waste into a combustable fuel. The USD600,000 investment will in the form of a subscription for Citron shares and will result in i(x) Net Zero owning about 34% of the company.
Read morei(x) Net Zero PLC - investor in energy transition - New York-listed acquisition vehicle Enphys Acquisition Corp, in which i(x) Net Zero has an indirect 30% stake, signs a non-binding letter of intent to buy "a leading and well-established advanced biofuels company in Latin America". i(X) Net Zero notes there is no certainty that a definitive takeover agreement will be reached. In the meantime, Enphys files with the US Securities & Exchange Commission to extend the time it has to make an initial acquisition to July 8, 2024 from October 8 this year. This also requires approval by Enphys shareholders.
Read more(Sharecast News) - Energy transition investor IX Net Zero announced on Friday that its associate company, Enphys Acquisition Corporation, has taken preliminary steps to extend its deadline for initiating a business combination.
Read morei(x) Net Zero PLC - investor in energy transition - Occidental Petroleum Corp agrees to buy Carbon Engineering Ltd for USD1.1 billion. i(x) Net Zero has an about 0.45% indirect interest in Carbon Engineering, which it says would be worth USD7.2 million at the purchase price, a 7.2-times return on its initial investment of USD1 million. i(x) Net Zero holds its investment on its books at just USD2.6 million. British Columbia, Canada-based Carbon Engineering has developed 'direct air capture' technology to remove carbon from the atmosphere. It is an existing partner of Houston, Texas-based Occidental.
Read more(Alliance News) - i(x) Net Zero PLC on Monday said it has committed to invest an additional USD2.5 million into Enphys Management Co LLC.
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