Business
Camco - Admission to AIM
Camco - Admission to AIM.
About this update from Invinity Energy Systems Plc
[{"type":"text","content":"\n Camco International Ltd\n24 April 2006\n\n\n Camco International Limited announces first day of dealings on AIM\n\nCamco International Limited ('Camco' or the 'Company'), an originator and\nco-developer of Carbon Credits, today announces the admission of its ordinary\nshares to trading on AIM, a market of the London Stock Exchange plc.\n\nAs part of the AIM admission, Camco has raised £24.9m in a placing conducted by\nKBC Peel Hunt at 64p per share. At the placing price, Camco has a market\ncapitalisation of approximately £83m.\n\nCamco co-develops projects that reduce greenhouse gas emissions with a range of\nwell-capitalised enterprises, such as heavy manufacturers, coal mining groups\nand utilities. Camco manages a significant portfolio of Carbon Credits that have\narisen from these emission reduction projects.\n\nTristan Fischer, Camco's Chief Executive Officer, said: 'Coming to AIM is a\nsignificant milestone for Camco and we are very excited about the future. There\nis increasing pressure on companies and countries to reduce greenhouse gases,\nand Camco's strong position in the key Carbon Credit supply markets of China and\nRussia places us well to develop and innovate further.'\n\nIn addition, Fischer added: 'In the three months up to the end of March alone,\nseveral new contracts were signed in China and Russia that increased the gross\nportfolio of Camco's Carbon Credits by 16.8 million tonnes, so there is real\nscope for taking the business forward.'\n\nContact:\nCamco International Limited\nTristan Fischer, CEO 020 7256 7979\n\nGavin Anderson & Company (for media enquiries)\nKen Cronin/Janine Brewis 020 7554 1400\n\nKBC Peel Hunt Ltd\nJonathan Marren/David Anderson 020 7418 8900\n\n\n\nBusiness Summary:\n\n • Camco is a significant originator of Carbon Credits, partnering with its\n clients that are typically well-capitalised companies, such as heavy\n manufacturing enterprises, coal mining groups and utilities to source Carbon\n Credits.\n • Camco's key markets are China and Russia, where the Company has\n significant expertise, and which are two of the largest potential sources of\n Carbon Credits. In other regions, Camco is developing business through its\n strategic partners.\n • Camco has originated and/or has a financial interest in 51 projects that\n are expected to generate 97.2 million Carbon C...