Aura Renewable Acquisitions PLC - acquisition company for businesses operating in the renewable energy sector - Says has actively reviewed potential international acquisition targets since listing in April of last year, and businesses in the energy storage sector developing next-generation battery technology have drawn its attention. Currently has GBP809,000 in cash and will notify the market when it finds the potential for a transaction.
Chair John Croft says: "We are more confident than ever that the renewable energy sector will offer excellent opportunities for acquisitive and organic growth for the foreseeable future. We are striving to give the company and its stakeholders the chance to share in these opportunities, not least to help in some small way to protect our planet for future generations."
Current stock price: 5.94 pence per share, up 8.0% on Monday
12-month change: down 65%
By Harvey Dorset, Alliance News reporter
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Aura Renew Acq (ARA)