Further to the announcement of 9 December 2021, convening an Annual General Meeting (“AGM”), and in light of recent developments concerning the Omicron variant of Covid, the Company is making changes to the format of its AGM, to be held at 11 a.m. on 10 January 2022.
Clean Invest Africa Plc Total Voting Rights 31 December 2021 CLEAN INVEST AFRICA PLC (“CIA” or the “Company”) Total Voting Rights In accordance with the Financial Conduct Authority’s Disclosure and Transparency Rules, the Company hereby announces that it has 1,200,210,501 ordinary shares of 0.25 pence each in issue (“Ordinary Shares”), each share carrying the right to one vote. The Company […]
Clean Invest Africa Plc, the AQUIS quoted investment company is pleased to announce the successful completion of a placing (the “Placing”), to raise £102,276 to support the continuing growth of its wholly owned subsidiaries CoalTech Limited (“CoalTech”) and Coal Agglomeration South Africa (Pty) Ltd (“CASA”) and to provide limited working capital to the Group.
The Company’s Annual General Meeting (“AGM”) will be held at 11.00 a.m. on 10 January 2022, at the offices of Peterhouse Capital Limited, 3rd Floor, 80 Cheapside, London, EC2V 6EE. In light of the recent Government guidance regarding the outbreak of Covid-19 (Coronavirus), all Shareholders are encouraged not to attend the meeting in person. The Board encourages all shareholders to vote on the resolutions to be proposed at the AGM by proxy before the deadline of 11 a.m. on 6 January 2021, as the Company is not able to predict at the current time what, if any, restrictions will remain in place on indoor gatherings at the date of the meeting as a result of the COVID-19 pandemic. Instructions for voting by proxy are set out in the notes at the end of the Notice and on the proxy card sent to shareholders. As there may be restrictions in place, shareholders are encouraged to appoint the Chair of the meeting as their proxy.
I am pleased to present the interim financial results of the Group for the period 1 January 2021 to 30 June 2021.
Whilst the past period has continued to be extremely challenging Clean Invest Africa is looking forward to the next period with significant optimism due to the potential of a substantial and strong pipeline and in addition a developing opportunity to expand beyond coal.
The financial results of the Group for the year ended 31 December 2020 show a loss after taxation of £1,168,834 (2019: £9,133,485). The 2019 results are principally attributable to non-cash expenditure for the grant of share options and warrants of £3,222,182 and the reverse acquisition share-based payment of £4,544,161.
Since re-admission to AQSE Growth Market and further to the SPA, the Company currently owns 100% of CoalTech and 75% of CASA. The final tranche of the Consideration Shares of 13,291,745 Ordinary Shares in respect of CASA are ready to be issued to the remaining South African Resident Sellers once the necessary approvals from the South African Reserve Bank (“SARB”) have been granted.
The Company is pleased to announce that it has agreed to enter into a convertible loan note of £60,000 (“CLN”), for a period of 6 months, with three of the Company directors, Mr Noel Lyons, Mr Filippo Fantechi and Mr Paul Ryan, in equal parts, of £20,000 each.
CIA announces that, further to the guidance provided by Aquis on 31 March 2020, due to logistical issues arising from continuing Covid-19 restrictions particularly in South Africa where the Company’s subsidiary Coaltech is based, it has been granted a further extension of two months for the publication of its annual Report and Accounts for the year ended 31 December 2020 with the intention to publish the Report and Accounts by 30 September 2021. CIA will also be announcing and publishing on its website in September its unaudited financial results for the year ended 31st December 2020.
Clean Invest Africa today announces that, due to logistical issues arising from Covid – 19 restrictions and in accordance with the Stakeholder Update released by the Aquis Stock Exchange on 31 March 2020, 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 2020. The Company will publish these results as soon as possible, and by no later than the end of July 2021.
Clean Invest Africa Plc (AQSE:CIA), the AQSE Exchange quoted investment company, is pleased to announce that its group subsidiary CoalTech Limited (“CoalTech”) has signed a business development agreement with Mr Daniel Lee in respect of providing business development capabilities to identify opportunities in the People’s Republic of China and the Republic of Indonesia. Mr Lee was an early investor in Clean Invest Africa, recognising the positive impacts that its proprietary technology can have on a worldwide basis and has an extensive network of personal contacts and relationships in these markets that will provide access to new opportunities for CoalTech.