Clean Invest Africa plc joins NEX Exchange
14 November 2017
London - NEX Exchange, which operates a regulated, UK stock exchange for small and medium companies, announces today that Clean Invest Africa plc [NEX:CIA] has joined its growth market.
Clean Invest Africa is an investment vehicle that will aim to deliver an attractive return for investors through acquiring stakes in clean energy companies, remediation technologies, and other clean energy projects in Africa.
The increased price of fossil fuels has led to a significant improvement in the cost competitiveness of renewable energy sources in Africa and is prompting change to various Governments’ energy policies. Clean Invest Africa believe that this, combined with the substantial environmental benefits and additional incentives such as tax and carbon credits, is increasing demand for clean and renewable energy in Africa, creating a positive environment for investment.
The company’s board has significant experience of operating in Africa and in the energy sector which will enable them to identify appropriate investment opportunities and work to grow new entities.
Patrick Birley, CEO of NEX Exchange, said: “We are thrilled to welcome Clean Invest Africa onto NEX Exchange. The company’s objective is to deliver a positive environmental impact while seeking to deliver solid returns for investors. Admission on NEX Exchange will allow the company to benefit from public investment support, which can facilitate great prospects for growth”.
Noel Lyons, non-executive Director, Clean Invest Africa and CEO of NEX Exchange-listed Karoo Energy plc, said: "Clean Invest Africa Plc is delighted to join NEX Exchange. This is a great opportunity for investors to participate in new clean energy projects on the African continent at their early stage of development. The company is led by a very experienced team in Sam Preece and Dr Andy Matharu, the combination of their skill sets in energy and environmental issues, coupled with their African knowledge and experience promises to deliver significant value to investors.”
Bryony Scragg, NEX
+44 (0) 20 7818 9689
Andy Donald, Maitland
+44 (0) 20 7379 5151
NEX Exchange A NEX business, NEX Exchange helps its members reach investors and raise capital. As well as financial institutions and large corporates, entrepreneurs use NEX to manage their biggest financial challenges. Whether choosing to offer equity or debt products, once admitted onto our stock exchange, small and medium-sized companies have easier access to investors. Admission is straightforward and we fully support the transition to a public market environment. For the small and the ambitious, NEX Exchange is more than a source of capital – we are the platform for growth. And for investors, we offer simple access to a diverse range of dynamic companies.
For more information, go to www.nexexchange.com
NEX offers customers better ways to execute trades and manage risk. Our products and services underpin the entire trade lifecycle pre-, during and post-execution. Our electronic trading platforms are industry standards. Customers use our lifecycle management and information services to optimise portfolios, control risk and reduce costs. We partner with emerging technology companies to bring greater efficiency, transparency and scale to the world’s capital markets. NEX is headquartered in London with offices worldwide. For more information, go to www.nex.com