Back to all announcements

DJ Clean Invest Africa Plc First Day of Dealings on NEX

14 November 2017 
                            CLEAN INVEST AFRICA PLC 
                           ("CIA" or the "Company") 
                  Admission to the NEX Exchange Growth Market 
Clean Invest Africa Plc, an Investment Vehicle for the purpose of identifying 
investment opportunities and acquisitions in renewable and clean energy 
projects/companies or alternative technologies that are used in a socially and 
environmentally responsible way that will aid the development of the African 
continent, with the intention of building a diversified portfolio of assets, is 
pleased to announce that trading in its Ordinary Shares will commence at 8:00 
a.m. today on the NEX Exchange Growth Market ("Admission"), under the ticker 
CIA and ISIN number GB00BF52QX07. 
On Admission, the Company will have net funds of GBP512,440 and there will be 
156,100,000 Ordinary Shares in issue, which rank pari passu in all respects. 
The Company's primary strategy is to acquire interests in and to own, assist 
and manage clean energy companies and projects, including renewable energy 
projects and projects that create environmental benefits through greenhouse gas 
emission reductions. Renewable energy can generally be defined as energy (such 
as electricity, transportation fuels, sources of process heat, etc.) derived 
from resources that are regenerative or for practical purposes cannot be 
depleted. Renewable energy technologies may be broadly divided into two 
categories: (1) production of electricity, from sources such as wind, solar, 
geothermal, hydro, biomass, or municipal wastes; and (2) production of 
transportation fuels, such as ethanol and biodiesel. Renewable energy is 
generally considered to involve relatively less environmental impact than 
traditional sources of energy. The combustion of renewable fuels typically 
results in a reduction of greenhouse gases (CO2, methane, nitrous oxide, 
hydrofluorocarbons, perfluorocarbons and sulphur hexafluoride) produced per 
unit of energy when compared with traditional sources of energy. 
Market capitalisation at 1p is GBP1,561,000 
Samuel Preece, Executive Director of CIA, said: "The renewable and clean energy 
requirements in African countries present CIA with an economic opportunity. 
Increases in the price of fossil fuels have led to a significant improvement in 
the cost competitiveness of renewable energy versus traditional, non-renewable, 
sources. We are actively seeking investment opportunities and are pleased to be 
investing in a space where renewable energy resources may greatly reduce 
emissions of greenhouse gases." 
Details of Directors 
The full names of the Directors of the Company and positions are as follows: 
Samuel Toby Preece, Executive Director (aged 41) 
Samuel has over 20 years of environmental consulting experience, having 
completed over 1,500 projects in Europe, Asia, Australia, Middle East, Canada, 
USA and South America as well as across Africa. 
Samuel has overseen the technical evaluation and permitting of alternative 
energy projects across the UK, Ireland, Europe and Africa. These projects 
include a wide range of energy technologies including on and offshore wind, 
solar, tidal, hydroelectric, geothermal, ground source heat pumps, pumped 
storage, waste to energy, anaerobic biodigestion, and gas to power, in a number 
of  applications. 
Samuel spent five years as an in-house technical specialist at an international 
construction contractor, Laing O'Rourke, working on projects in the technology 
and energy sectors. 
Samuel was previously a director responsible for the UK and Ireland's 
environment business line of AECOM, a business that had revenues of 
approximately US$17.4 billion in the fiscal year to 2016. In this role at 
AECOM, Sam advised national and multinational clients on the technical 
feasibility and licencing and permitting of their energy, technology and land 
asset projects. These projects include energy projects across Africa. 
Samuel has access to a network of environmental and energy technical experts 
located across Africa with local knowledge and technical expertise and 
currently supports investors and companies looking to grow and seek investment 
in business and projects in Africa. These currently include renewable energy, 
green technology projects in southern and sub-Saharan Africa. Sam also advises 
on Environmental, Social and Governance risks and opportunities for investors, 
companies and financial institutions including in the energy sector. 
Andrew Paul Matharu, Independent Non-Executive Director (aged 48) 
Andrew has over 22 years' experience in the oil & gas sector and commenced his 
career as a Petroleum Engineer with Chevron and Kerr-McGee Oil. Andrew has 
extensive experience of advising small and mid-cap oil & gas companies in 
equity capital markets following a variety of corporate finance and 
institutional equity roles at Cazenove, Bridgewell Securities and Westhouse 
Securities. His most recent role was in Corporate Development with the 
Africa-focussed AIM-listed explorer, Tower Resources plc, where he was involved 
in a number of corporate and asset M&A transactions and capital raisings. 
Andrew holds a BEng degree in Chemical Engineering from University of 
Sheffield, a PhD in Chemical Engineering from the University of Cambridge and 
is a Chartered Engineer. 
Noel Lyons, Non-Executive Director (aged 52) 
Noel started his career in the accounting profession and progressed from there 
to management and director level within various organisations. He has worked 
for such companies as Amoco/BP, Coca Cola, Kentz Corporation Plc and Oilinvest 
International, and has worked in diverse locations such as Africa and The 
Middle East. 
Noel has been involved in several listings on AIM and the NEX Exchange Growth 
Market in both a management and advisory capacity, including as co-founder and, 
initially, as a non-executive director of Karoo Energy plc. Noel has an MBA and 
masters in Accounting and Finance. 
Directors' Interests 
On Admission the interests of the Directors and their immediate families and, 
so far as they are aware having made due and careful enquiries, of persons 
connected with them (all of which are beneficial, unless otherwise stated) (so 
far as is known to the Directors, or could with reasonable diligence be 
ascertained by them) (within the meaning of sections 252 to 254 of the UK 
Companies Act 2006) in the Issued Share Capital are as follows: 
Director                 Number of Ordinary Shares  % of Issued 
                               on Admission            Share 
Samuel Preece                    1,200,000             0.77 
Andrew Matharu                   1,200,000             0.77 
Noel Lyons                       9,800,000             6.28 
Significant Shareholders 
In addition to the Directors holdings disclosed above, the Company has been 
notified or is aware of the following holdings which will, following Admission, 
represent more than 3 per cent. of the Issued Share Capital or voting rights of 
the Company: 
Name                     Number of Ordinary Shares  % of Issued 
                               on Admission            Share 
René Carayol                     9,800,000             6.28 
Jim Nominees                    132,500,000            84.88 
The Directors of the Company are responsible for the content of this 
For further information, please contact: 
The Company 
Sam Preece                           + 44 (0) 20 3130 0674 
NEX Exchange Corporate Adviser 
Peterhouse Corporate Finance Limited 
Guy Miller/Mark Anwyl                +44 (0) 20 7469 0936 

(END) Dow Jones Newswires

November 14, 2017 02:01 ET (07:01 GMT)