Clean Invest Africa Plc, the AQUIS quoted investment company is pleased to announce the successful completion of a placing (the “Placing”), to raise £150,000 to support the continuing growth of its wholly owned subsidiary CoalTech Limited (“CoalTech”) and Coal Agglomeration South Africa (Pty) Ltd (“CASA”) and to settle creditors and provide limited working capital to the Group.
Clean Invest Africa plc, the Aquis Stock Exchange Growth Market (“Aquis”) quoted investment company, together with CoalTech Limited and Coal Agglomeration South Africa (Pty) Ltd (collectively the “Group”) focused on delivering an attractive return through acquiring stakes in clean energy companies, remediation/restoration technologies, waste-to-energy technologies and other clean energy related projects is pleased to present the unaudited combined financial results for the period from 1 October 2018 to 31 December 2019. Earlier today we have also published our latest trading update.
CIA announces that, further to the guidance provided by Aquis on 31 March 2020, due to logistical issues arising from Covid-19 restrictions the Company has been granted an extension of one month for the publication of its annual Report and Accounts for the year ended 31 December 2019, and the Company has requested a further two months extension, with the intention to publish the Report and Accounts by 30 September 2020.
The original 3 week Lockdown Directive announced by the South African Government was subsequently extended past the original deadline of 16^th April 2020 with no specific end date in mind. The Lockdown will now be lifted gradually in phases, which will depend on the levels of infection in the country, and may differ from area to area. As such, CASA applied for, and was granted Essential Service Provider status, which allows the company to resume limited operations, whilst at the same time still adhering to the broader lockdown regulations.
We refer to the announcements dated 5th July 2018 and 18th June 2019 in relation to the activities of Direct Market Touch Limited and their trading in the Company’s ordinary shares. We have been notified by the Financial Conduct Authority that their investigation into Direct Market Touch Limited is now closed and no further action is to be taken.
On 23 March 2020, a Directive was issued by the South African Government requiring a 21-day national lockdown, effective midnight Thursday 26 March 2020 to midnight Thursday 16 April 2020, in order to contain the spread of the coronavirus in the country (the “Lockdown Directive”).
In accordance with the Financial Conduct Authority’s Disclosure and Transparency Rules, the Board of CIA confirms that the Company has 1,139,265,301 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.
The Company wishes to inform the market that Filippo Fantechi has been confirmed as the Chief Executive Officer of the Company. The change reflects Filippo’s founding position of the CoalTech Group and his ability and experience in the energy, utility and construction sectors. […]