Proactive Investors - Run By Investors For Investors

Aggregated Micro Power Holdings set for boost from Incubex revaluation

AMP holds a 27.89% stake in IncubEx, which plans to offer up to US$5mln of Class B-1 units
wind turbine
IncubEx is an incubator for exchange-traded products, services, and technology solutions

Renewable energy specialist Aggregated Micro Power Holdings PLC (AIM:AMPH) looks set to book a significant uplift to the value of its investment in an exchange traded products business which is raising capital.

AMP holds a 27.89% stake in IncubEx, which plans to offer up to US$5mln Class B-1 units, valuing the business at US$50mln pre-money.

READ: Aggregated Micro Power ups revenue forecast by a third after cold blast

AMP will contribute up to US$2.1mln (£1.5mln), which would give it a 29.16% holding in Incubex, though the figure would be reduced to US$1.84mln if all the investors contribute.

An unnamed major strategic investor has pledged US$1.65m to the fundraise, the company said in a statement.

AMP's IncubEx shareholding will rise in value to US$16mln (£11.3mln) from US$3.3mln (£2.3mln) following the stock offering.

View full AMPH profile View Profile

Aggregated Micro Power Holdings PLC Timeline

Related Articles

Greenhouse full  of plants
February 02 2019
The global marijuana market is projected to reach an eye-watering US$58.90 billion between 2018 and 2023
food in restaurant
September 17 2018
BigDish will start rolling out its platform to restaurants in Bath, before expanding across the south-west and eventually throughout the UK
Cyber security image of a lock in front of data
March 12 2019
The flagged launch in April is expected to accelerate product revenue growth.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use