The London Stock Exchange uses cookies to improve its website. The cookies for analytical purposes have already been set. For more details and how to manage cookies, please see our privacy and cookies policy.

Welcome stories


10 June 2005
10/06/2005 Novera Energy opens the London markets

Novera Energy Limited opens the London markets

 

10 June 2005


Novera Energy is a diversified renewable energy business with a focus in the UK and selected European countries. The company has raised approximately £5.3 million through a Placing of 9,189,044 Ordinary Shares to UK institutional and professional investors at 58 pence per share in order to fund new investments. On admission to AIM, the Company has a market capitalisation at the Placing price of approximately £31.8 million.


Novera Energy was established in Australia in 1998 and listed on the Australian Stock Exchange (ASX) in 2002.  Following admission to AIM, shares in the company will be listed on both AIM and ASX and traded between the two markets.  Novera has used the fast-track Designated Markets route to join AIM.

 

Novera is focused on the higher return areas of the renewable energy sector, which are currently wind power, small hydro power and generation of electricity from methane gas extracted from land fill sites. The company benefits substantially from the recognition by Governments of climate change, and the subsequent regulation of the forces contributing to climate change.

 

Novera’s Chairman, Dr Don Stammer said: “We are delighted to be joining AIM today, with the support received from investors in the UK and to welcome John Brown to the Board. Today is an important milestone for Novera. Novera’s assets and core business are concentrated in the UK and Europe. The AIM listing will assist us in developing our business as we strive to become one of Europe’s leaders in the generation of renewable energy.”

 

Oriel Securities is acting as nominated adviser and broker to the Company.

.

The Exchange accepts no responsibility for the content of the website you are now accessing or for any reliance placed by you or any person on the information contained on it.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds.

You are accessing the London Stock Exchange Annual Report Service powered by PrecisionIR.

The Exchange accepts no responsibility for the content of the reports you are now accessing or for any reliance placed by you or any person on the information contained therein.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds