- Title:
Schedule One - i(x) Net Zero Plc - Time:
08:00:05 - Date:
7 Dec 2021 - Category:
Capital structure - ID:
8051U
|
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES") |
|
|
|
COMPANY NAME: |
|
i(x) Net Zero Plc ("i(x)" or the "Company")
|
|
COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES): |
|
3rd Floor, 44 Esplanade, St Helier, Jersey, JE4 9WG
|
|
COUNTRY OF INCORPORATION: |
|
Jersey
|
|
COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26: |
|
|
|
COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED: |
|
i(x) is an investing company that provides its shareholders the opportunity to create long-term capital growth with positive, scalable, measurable and sustainable impact on the environment and on the communities it serves.
Investing Policy The Company's investing policy is to generate long term capital appreciation for its shareholders principally by creating, funding, partnering with and/or developing companies that are committed to Energy Transition and Sustainability in the Built Environment.
The Company is a long-term investor and does not seek to generate short-term returns or profits from trading or arbitrage. While taking a long-term view, the Company will realise opportunities for shorter term gain when appropriate. The Company does not anticipate paying dividends to shareholders in the near-to-medium-term but may revisit this policy as the businesses in which it invests mature and the Company's plans permit. The key elements of the Company's strategy are as follows:
The Company is seeking to create, fund, partner with and/or develop companies that are predominantly committed to: · Energy Transition (facilitating and accelerating the transition away from fossil fuels to sustainable and renewable energy); and · Sustainability in the Built Environment (building sustainable and affordable housing, with a focus on affordability, greenhouse gas reduction, clean and healthy air, resource efficiency with emphases on waste, water and healthy building materials).
The Company may invest in other areas of interest outside of its principal areas of focus on Energy Transition and Sustainability in the Built Environment if it deems them appropriate and consistent with its overall goal of helping to effect positive and sustainable environmental and social change and in which the Company's directors ("Directors") have the necessary expertise and experience to be able to identify and manage such opportunities. The Company might also consider investments that help advance the discipline of ESG Risk Management by providing data and other resources to monitor and measure sustainability generally and support its efforts in its main areas of focus.
The Company expects to diversify its investments within those areas of focus set out above, particularly with regard to industry sub-sectors, growth stages of the companies it may create, fund, partner with or invest in or develop, and geographic focus. However, the Company is not precluded from creating, funding, partnering with or developing companies that may share common characteristics in terms of industry sub-sector, growth stage or geographic focus with its specific areas of focus.
The Company expects to reinvest the net proceeds realised from the sale of any of its interests in its investee companies into new opportunities to create, fund, partner with or develop companies that are consistent with its business objectives. The Directors believe that this is an important element of the Company's strategy to deploy its capital to create positive, scalable, measurable and sustainable environmental and social impact. As set out above, the Company may elect to make special or in-kind distributions under such circumstances as it may determine rather than reinvest the net proceeds from the sale of any of its interests.
The Company does not place any limitations on the size of the investments it will seek, although as stated, in the long term the Company aims to deploy capital in individual investments that typically represent up to one-third of its investable capital at or around the time of investment.
|
|
DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares): |
|
Number of ordinary shares of no par value ("Ordinary Shares") for which Admission is being sought: TBC
Issue price per Ordinary Share: TBC
There are no restrictions as to the transferability of the Ordinary Shares.
No Ordinary Shares will be held in treasury on Admission.
|
|
CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION: |
|
Primary placing: TBC
Anticipated market capitalisation on Admission at the placing price: TBC
|
|
PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: |
|
TBC
|
|
DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED: |
|
Not Applicable.
|
|
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known): |
|
Right Honourable Nicholas "Nick" Richard Hurd (Independent Non-Executive Chairman)
Steven "Steve" Michael Oyer, (Chief Executive Officer)
Pär Arne Lindström, (Chief Investment Officer)
Marc Adam Chennault, (Chief Financial Officer)
Alice Georgina Chapple, (Non-Executive and Senior Independent Director)
Patricia Jean McCall, (Independent Non-Executive Director)
|
|
FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known): |
|
Significant shareholders before Admission: TBC
Significant shareholders on Admission TBC
|
|
NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: |
|
Las Flores Holdings LLC Butler Global Partners LLC Sarah Bloom Raskin PKF O'Connor Davies LLP Acuity Knowledge Partners (UK) Limited SFO Alliance Limited Makovsky & Co. Inc
|
|
(i) ANTICIPATED ACCOUNTING REFERENCE DATE (ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information) (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19: |
|
i) 31 December ii) 30 June 2021(unaudited interim financial information) iii) 30 June 2022 (annual accounts for the year ending 31 December 2021) 30 September 2022 (half year report for the six months ending 30 June 2022) 30 June 2023 (annual accounts for the year ending 31 December 2022)
|
|
EXPECTED ADMISSION DATE: |
|
Late December 2021
|
|
NAME AND ADDRESS OF NOMINATED ADVISER: |
|
Shore Capital and Corporate Limited Cassini House 57 St James's Street London SW1A 1LD
|
|
NAME AND ADDRESS OF BROKER: |
|
Shore Capital Stockbrokers Limited Cassini House 57 St James's Street London SW1A 1LD
H & P Advisory Limited 2 Park Street London W1K 2HX
|
|
OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: |
|
A digital copy of the Admission Document, containing full details about the applicant and the admission of its securities will be available on the Company's website at:
|
|
THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY |
|
QCA Corporate Governance Code
|
|
DATE OF NOTIFICATION: |
|
7 December 2021
|
|
NEW/ UPDATE: |
|
New
|
Schedule One - i(x) Net Zero Plc08:00:057 Dec 2021Capital structure8051U