Member Info for jange

I was looking to see if you were around....cracking RNS should bounce.........

Probably got an expensive x wife lol...........

Formal Approval to Proceed Confirmed by SCIG Oracle Power PLC (AIM:ORCP), the UK energy developer of a combined lignite coal mine and mine mouth power plant located in Block VI of the Thar desert in the south-east of the Sindh Province of Pakistan (the "Project") is delighted to announce it has been advised that Sichuan Provincial Investment Group ("SCIG") has formally approved to proceed with the Project, subject to obtaining all necessary approvals and licences required by the Chinese and Pakistan Governments and satisfactory due diligence. This follows the signing of the Memorandum of Understanding ("MOU"), the details of which were announced on 21 November 2017. SCIG and PowerChina International Group Limited ("PowerChina"), Oracle's Project development partners as outlined in the MOU, have conducted their preparatory work on the Project and have now agreed to proceed towards completion of due diligence, which the Company believes will be completed in early Q2 2018. Key details of the Project: � MOU signed by the Company with SCIG and PowerChina, together the "Parties"; � Gross project cost estimated at $1.6 billion; � Proposed debt : equity ratio 75 : 25; � Oracle to hold a minimum 12.1% equity. � Oracle's historic development costs to be recognised as part of the Company's equity holding and contribution in the project; � The Chinese partners to be exclusively responsible for arranging project financing. As previously advised, the Parties have entered into a two-stage approach to develop the Project and this approval by the Board of SCIG is a key step forward as part of the first stage. On completion of the first stage, the next step will be to seek approval from the Chinese Government, after which a final development decision will be made to take the Project through to financial close. Given that the Project has priority status in the China Pakistan Economic Corridor, the Oracle board expects the approval by the Chinese Government to be in a timely fashion. Shahrukh Khan, CEO of Oracle, said: "I am delighted to announce the approval of the SCIG Board to proceed with the Project. Since signing the MOU in November 2017, all parties have worked hard to advance the Project. We now enter into an exciting new stage in Oracle's evolution. "Oracle looks forward to updating shareholders in due course."

Board changes David Silverstone shall be moving from executive director to non-executive director. John Weigold shall be moving from non-executive director to executive director. Further to the announcement made on 14 February 2018, Robert Mitchell has changed from being a board member of Water Intelligence to an executive role as Chief Strategy Officer of the Company's new renewables subsidiary and the Board is pleased to announce the appointment of Laura Hills as Non-Executive Director of the Company, with immediate effect. Mrs Hills has more than 30 years' experience as a legal professional, having spent 10 years working for the Overseas Private Investment Corporation (OPIC), where she served as Associate General for the agency's finance program, supervising a team of lawyers on all finance transactions ranging from micro-lending and small business to multi-creditor infrastructure project financing in emerging market countries. Prior to this, she spent time in Argentina where she served as a foreign associate to various practices, with a focus on international trade, tax and domestic antitrust issues. Since 2002, Mrs Hills has worked at Hills Stern & Morley LLP, an emerging markets legal boutique based in Washington D.C. Mrs Hill holds degrees from Stanford University. Laura Hume Hills, aged 56, holds or has held in the past 5 years the following directorships or partnerships: Current Past Hills Family Limited Partnership Hills, Stern and Morley LLP WorldBusiness Capital, Inc. Mrs Hills currently owns 67,175 Ordinary Shares. She is expected to hold 89,311 Ordinary Shares following the Fundraising, equivalent to 0.59% of the issued share capital of the Company, as enlarged by the New Ordinary Shares and Partly Paid Shares. There is no further information to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies.

The New Ordinary Shares, when issued, will represent approximately 18.08 per cent. of the Company's existing issued share capital. The Issue Price of 195 pence per New Ordinary Share represents a discount of approximately 3.9 per cent. to the closing mid-market price of 203p per Ordinary Share on 6 March 2018, being the latest practicable date prior to the publication of this Announcement. The New Ordinary Shares, when issued, will be fully paid and will rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of issue. Application will be made for the New Ordinary Shares to be admitted to trading on the AIM market ("AIM") of London Stock Exchange plc (the "London Stock Exchange"), ("Admission"). Settlement for the New Ordinary Shares and Admission is expected to take place on 8.00 a.m. on 13 March 2018. The Capital Raising is conditional on, among other things, Admission becoming effective and the placing agreement between the Company and finnCap (the "Placing Agreement") not being terminated in accordance with its terms. The Appendix sets out further information relating to the Placing and the terms and conditions of the Placing. Bank financing Further to the announcement made on the 6 December 2016, People's Bank has amended its bank financing agreement ("Agreement") on 6 March 2018, which increases the previous $500k working capital line of credit, of which $250k has been drawn, to $2.0m so that the Company can accelerate its growth strategy providing $1.75 million of credit availability. These amended facilities shall be through 5 December 2019 and interest-only at One Month Libor plus 3% but variable. All other terms of the Agreement remain unchanged. In addition, the Company still has an additional approximately $600k of credit availability under its existing Acquisition Line of Credit facility with People's Bank. Thus the Company has approximately $2.35m available under its credit facilties. As consideration for offering a personal guarantee for the new credit facility and continued guarantee of additional draws from all credit facilities, which as indicated in the Company's announcement dated 6 December 2016 has enabled the Company to achieve better commercial terms than would otherwise be possible because of the franchise nature of its core business, Patrick DeSouza, will receive 750,000 partly paid shares. These Partly Paid Shares carry full voting rights and shall rank pari passu in all respects with the ordinary shares but like options shall carry no economic rights until they are fully paid at 195p per share, having been issued nil paid. The Partly Paid Shares may not be sold, transferred or otherwise disposed while they remain partly paid. The Partly Paid Shares will not be admitted to trading.

As part of this growth strategy, approximately $1.65m of the proceeds will be used for the acquisition of the Louisville franchise (the "Acquisition"). Louisville, a strongly performing operation, is situated adjacent to the Indianapolis and Cincinnati corporate stores in the central Midwest of the United States and together they form a strategic set of corporate resources to execute sales and support growth in franchisees throughout the Midwest. This cluster of corporate operated locations better enables the Company to execute the launch of operations in Chicago during 2018, a sizeable city with water infrastructure problems. In addition to Louisville, the Company has an established near term pipeline of three further targets that have combined revenues of approximately $1m. These underperforming franchise operations offer the potential to grow much faster with new corporate management. The Company has successfully executed such reinvigorated growth plans over the last three years leading to corporate operations sales growth in the US, UK and Australia of approximately 64% for 2017. Such expanding corporate-led growth supports existing franchise operated businesses and strengthens the overall brand. In addition, the Fundraising will be used to increase the range of products that can be offered through the platform in place, particularly with respect to our growing business-to-business insurance sales channel. Our insurance company partners are also interested in having our American Leak Detection franchise system sell and install technology products that minimize water loss and damage. Our agreement with Flo Technologies (announced on 10 January 2018) will contribute to that growth strategy. Further, not only are the Company's business to business channels interested in additional product solutions to our existing offerings but also so are our municipal customers for whom we handle not only water leaks with respect to clean water but also problems with respect to waste water and waste. We announced the establishment of a new renewables subsidiary (announced on 14 February 2018) in order to provide solutions for these customers as well because we recognize the scope of the infrastructure opportunity that is a natural extension of our residential and commercial lines. Approximately $750,000 of the Fundraising will be used to drive forward these and other new technology products. Details of the Acquisition On 6 March 2018, the Company entered into an agreement with Shannon and Sonja Padden, to acquire the Louisville, Kentucky franchise of American Leak Detection, the Company's wholly owned subsidiary (the "Acquisition Agreement"). The purchase price for the Acquisition is approximately $1.65 million. Of this $465,000 will be paid in March 2018, with two further equal payments on the first and second anniversary of signing of the Acquisition Agreement. In addition, certain staff of the Louisville, Kentucky fr

Use of Proceeds: o Working capital for growing all business lines to meet market demand and build on 2017 sales and profits before taxes adjusted growth of 45% and 21% respectively, announced 14 February 2018 o Finance the acquisition of the Louisville, Kentucky franchise o Provide additional working capital for further identified acquisition opportunities o Working capital for new products, especially to enhance its insurance channel, and advance its Flo Technologies partnership announced 10 January 2018 � Placing by way of accelerated bookbuild � Books are open with immediate effect � In addition, the exercise of options and sale of 300,000 Ordinary Shares by Patrick DeSouza, Executive Chairman of the Company � Sale of 38,500 Ordinary Shares by David Silverstone, a director of the Company � Purchase of newly issued Ordinary Shares by Michael Reisman, director of the Company and Laura Hills, a newly appointed director of the Company Reasons for the Fundraising The net proceeds of the Fundraising will be used to accelerate the Company's growth strategy. As announced in the Company's trading update on 14 February 2018, all parts of the business have been undergoing significant growth. For 2017 sales growth accelerated to 45% year-over-year which rate was an increase from 38% sales growth when comparing 2016 to 2015. Profits before tax adjusted grew 21% year over year which represented an increase from 8% when comparing 2016 over 2015. The Company is also the beneficiary of the positive effect of the Trump tax plan for its core American Leak Detection business. The Company is executing this fundraising because it believes growth will continue due to strong global market demand for solutions to water loss and deteriorating infrastructure. The proceeds will enable the Company to scale its business lines across more locations to meet increased market demand worldwide. More specifically, this funding will enable the Company to (i) expand its execution footprint across existing sales geographies in the US, UK, Australia and Canada and selected new territories both in and outside of the United States; (ii) invest accretively in reacquisitions of additional strategic corporate operated locations that also support its American Leak Detection franchise growth; (iii) provide follow-through sales of new products to customers; and (iv) build-out an expanded organizational infrastructure to sustain growth throughout Water Intelligence and its subsidiaries.

Water Intelligence" or the "Company") Proposed Fundraising and Acquisition Expanded Debt facilities PDMR Dealing Board Changes Water Intelligence, a leading provider of non-invasive leak detection and remediation services, today announces that it proposes to raise approximately �4.2 million in an oversubscribed placing and subscription through the issue of an aggregate of 2,171,320 new ordinary shares of one penny each in the capital of the Company ("Ordinary Shares") (including the issue out of treasury of 151,184 Ordinary Shares) at a price of 195 pence per Ordinary Share (the "Issue Price"). The use of proceeds advances the Company's growth plan and builds upon the strong 2017 revenue and profits as disclosed in the Q4 Market Update announced 14 February 2018. As part of this announcement, capital formation includes non-dilutive capital for the growth plan added from an expansion of the debt facilities and positive effect of the Trump tax changes. The proposed fundraising (the "Fundraising") comprises a placing (the "Placing") of 1,846,154 new Ordinary Shares ("Placing Shares") to raise �3.6 million and a subscription (the "Subscription") of 325,166 Ordinary Shares (including the issue of 151,184 Ordinary Shares out of treasury) ("Subscription Shares") to raise a total of �0.6 million. In addition, Patrick DeSouza, executive chairman of the Company, intends to exercise 300,000 options over Ordinary Shares ("Exercise Shares") and sell these at the Issue Price to meet demand from investors (the Placing Shares, Subscription Shares and Exercise Shares, together the "New Ordinary Shares") (the "Share Transaction"). Michael Reisman, a director of the Company and Laura Hills, a newly appointed director of the Company intend to purchase newly issued Ordinary Shares through the Subscription. David Silverstone, a director intends to sell 38,500 Ordinary Shares to incoming investors at the Issue Price for tax purposes. In addition, Mr. Silverstone shall be moving to a non-executive director status and John Weigold shall be moving to an executive director status. Further to the announcement of 14 February 2018, the Company now confirms the appointment of Ms. Hills as a non-executive director and a change in Robert Mitchell's role from non-executive director to an executive role as Chief Strategy Officer of the Company's new renewables subsidiary. The Company has also entered into an agreement to purchase the American Leak Detection franchise based in Louisville, Kentucky; further details of which are below, and has increased its committed working capital debt facilities from People's United Bank, N.A. ("People's") to a total of $2.0 million of which $1.75 million is currently available. This debt facility is being guaranteed by the Company's executive chairman, Patrick DeSouz

April it is then........

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=UJO&ArticleCode=8pd2a44c&ArticleHeadline=TR1_Notification_of_Major

0.33p

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=OEX&ArticleCode=d7e74coc&ArticleHeadline=Appendix_3B_Issue_of_Sha http://www.lse.co.uk/share-regulatory-news.asp?shareprice=OEX&ArticleCode=s7p5x2xi&ArticleHeadline=Appendix_3Y_B_Lingo http://www.lse.co.uk/share-regulatory-news.asp?shareprice=OEX&ArticleCode=gucj0wa5&ArticleHeadline=Appendix_3Y_P_Haywood

Was looking at Nuog but didn't go through with a buy...you must have made a tidy profit..

WATR going from strength to strength with another contract win... with a Australian state owned water company and there will be add ons with this deal brilliant.........

Water Intelligence plc ("Water Intelligence" or the "Company") New Contract for Sydney Corporate Store Water Intelligence plc (AIM: WATR.L), a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water is pleased to announce a contract between our Sydney, Australia corporate location and Hunter Water Corporation, a state-owned water company. The multi-year contract should add at least $300,000 AUD to our already growing location's sales for 2018 with similar amounts expected over each of the next two years. There are also opportunities to increase the scope of work and income to the Sydney operation. This contract is an illustration of both Water Intelligence's multinational growth strategy and its increasing ability to unlock cross-sales opportunities across corporate, franchise and municipal lines of business. The contract with Hunter Water continues the momentum for layering-on of municipal work to American and Australian Leak Detection locations after the 2016 acquisition of NRW, a UK-based municipal leak detection business with multinational execution experience. For example, in Miramar, Florida during 2017 a municipality that was already using American Leak Detection for residential leaks drew upon added professional skills and leverage afforded by Water Intelligence International / NRW, to meet the municipality's asset survey needs. Sydney represents the largest cross-selling achievement to date. With this contract, our Australian Leak Detection corporate store is accelerating its growth plan of providing not only an expanded range of residential and commercial leak detection services but also municipal leak detection services to Sydney Water and now Hunter Water. As part of our growth plan, we will be also be working with our Australian franchisees to extend a cross-selling model much like we are doing with our US franchisees. Commenting, Dr. Patrick DeSouza, Executive Chairman of the Company, stated: "We are pleased with this win; it is a reminder of the global addressable market for our expanded range of solutions and our ability to leverage the synergies of our expanding managerial capabilities and our multinational sales footprint in the US, UK and Australia." This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. For further information about this announcement please contact: Water Intelligence plc Patrick DeSouza, Executive Chairman Tel: +1 203 654 5426 finnCap Ltd Adrian Hargrave / Giles Rolls (Corporate Finance) Stephen Norcross (Corporate Broking) Tel: +44 20 7220 0500

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=OEX&ArticleCode=6flfkgx3&ArticleHeadline=Investor_Presentation_Febru

well worth a re post..........

well worth a re post..........

Think your right just a matter of weeks hopefully before being granted gl....

Joint venture receivables include the Group's share of outstanding cash calls and recharges owing from the joint venture partners. The Group considers that there is evidence of impairment if any of the following indicators are present; financial difficulties of the debtor, probability that the debtor will dispute the amounts owing and default or delinquency in payment (more than one year old). Whilst the Group has been in continuing discussions with its joint venture partner Gujarat State Petroleum Corporation, for repayment of disputed and other amounts owing, in the absence of a payment schedule and in line with identified above impairment indicators, the balance of outstanding Cambay, Bhandut and Sabarmati cash calls receivable have been fully provided for in the current period. The impairment by the Company of the outstanding cash calls, also impacts the recoverability of recharges owing from the joint ventures, and consequently the provision has been increased to cover these receivables. The Group is continuing discussions in order to resolve the outstanding issues and recover payment of the outstanding amounts.