RESULT OF AGM
Clean Invest Africa plc (AQUIS: CIA) is pleased to announce that at the Annual General Meeting held today, all resolutions were duly passed.
NOTICE OF AGM
The Company’s Annual General Meeting (“AGM”) will be held at 10.30 a.m. on 29 September 2023, at the offices of Peterhouse Capital Limited, 3rd Floor, 80 Cheapside, London, EC2V 6EE.
Appointment of Non-Executive Director
Clean Invest Africa Plc, the waste fines minerals recovery company quoted on the AQSE Growth Market, is pleased to welcome, effective 1 September 2023, Pascal Olivier Portmann (aged 54), to the Board as a Non-Executive Director.
£200,000 CLN Funds Receipt
Clean Invest Africa Plc, the waste fines minerals recovery quoted company on the AQSE Growth Market, announces that, further to the announcement of 2 August 2023, the £200,000 under a Convertible Loan Note (CLN) has now been received by the investor.
CoalTech Announces Commencement of Project CLAPS in association with its Italian Partner ISS International S.p.A.
Clean Invest Africa Plc, the waste fines minerals recovery company quoted on the AQSE Growth Market, is pleased to announce the commencement of a project in Italy by its clean coal subsidiary CoalTech Limited. CoalTech will start cooperation with its Italian partner ISS International S.p.A working on project “Clean Land And Power System” (“CLAPS”) aiming to provide an advanced solution to the recovery and disposal of coal dust by processing the dust into pellets for subsequent industrial uses as a green technology.
£200,000 CLN Update
Clean Invest Africa Plc, the coal agglomeration company quoted on the AQSE Growth Market, announces that the £200,000 under a Convertible Loan Note referred to in the audited results to 31 December 2022, and announced on 30 June 2023, has not yet been received by the investor.
AUDITED RESULTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022
The financial results of the Group for the year ended 31 December 2022 show a loss after taxation of £163,318 (2021: £1,157,655) while the Company’s financial results for the year ended show a loss after taxation of £306,133 (2021: £298,061).
Placing to raise £90,000, Issue £60,300 of Convertible Loan Notes, CoalTech Sukuk and Total Voting Rights
Clean Invest Africa Plc, the AQUIS quoted investment company is pleased to announce the successful completion of a placing (the “Placing”), to raise £90,000 to support the continuing growth of its wholly- owned subsidiaries, CoalTech Limited (“CoalTech”) and Coal Agglomeration South Africa (Pty) Ltd (“CASA”), and to provide working capital to the Group.
The Company is also pleased to announce that it has issued unsecured convertible loan notes for a total of £60,300 (the “CLNs”). The funds raised as a result of the issue of the CLNs will also be used to provide additional working capital for the Company.
Coaltech is continuing the development of its marketing and commercialization strategy with a number of ongoing initiatives currently at advanced stage of development. A trading update will be released shortly, providing information on the key projects, including the starting of commercial operation of the Bulpan Plant, by the south African subsidiary, CASA.
Mr. Noel Lyons and Mr. Paul Ryan Settlement Agreement and Resignation
The coal industry globally is currently experiencing a surge in demand. This demand ought to lead to a renewed interest in the clean up technology and capabilities of CIA’s CoalTech business. Mr. Lyons and Mr. Ryan have other developing coal interests which may have an interest in CoalTech’s environmentally friendly capabilities and therefore they consider it prudent to step aside to avoid any potential conflict of interest.
Total Voting Rights
In accordance with the Financial Conduct Authority’s Disclosure and Transparency Rules, the Board of CIA confirms that the Company has 1,813,863,402 ordinary shares of 0.25 pence each in issue, each share carrying the right to one vote. The Company does not hold any Ordinary Shares in treasury.