i(x) Net Zero Plc

Equities

IX. JE00BP4DVJ57

Investment Management & Fund Operators

Market Closed - London S.E. Other stock markets 11:35:15 2024-05-03 am EDT			5-day change	1st Jan Change
18 ^GBX	0.00%		0.00%	-25.00%

Apr. 22	EARNINGS AND TRADING: Zenova's Kitemark award; Carnival's eyes savings	AN
Jan. 02	I(x) Net Zero investee extends acquisition deadline to June	AN

I(x) Net Zero invests USD600,00 into Citron Energy

September 25, 2023 at 10:22 am EDT

i(x) Net Zero PLC - investor in energy transition - Adds a new company to its portfolio. Invests USD600,000 into Citron Energy Inc, a US-based alternative fuels business. Says Citron Energy aims to replace the use of fossil fuels by processing non-recyclable municipal and commercial waste into a combustable fuel. The USD600,000 investment will in the form of a subscription for Citron shares and will result in i(x) Net Zero owning about 34% of the company.

Jonathan Stearns, i(x) Net Zero's chief financial officer, has a non-controlling holding in Citron Energy and is the chair of Citron Energy.

Chief Executive Officer Par Lindstrom says: "I am delighted to be adding to our portfolio with the investment in Citron Energy which will bring innovative cleantech technology to the US and support the development of a platform that supplies low-carbon, high-BTU alternative fuels to decarbonize industrial production and support the circular economy."

Current i(x) Net Zero stock price: 22.25 pence each, down 5.3%

12-month change: up 4.0%

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about i(x) Net Zero Plc

EARNINGS AND TRADING: Zenova's Kitemark award; Carnival's eyes savings	Apr. 22	AN
I(x) Net Zero investee extends acquisition deadline to June	Jan. 02	AN
I(x) Net Zero starts reaping rewards from investee sale	Nov. 17	AN
I(x) Net Zero hails subsidiary's increased loan facility	Nov. 03	AN
I(X) investments LLC Announces Increase in Loan Facility of $11.75 Million	Nov. 03	CI
Oxy Low Carbon Ventures, LLC completed the acquisition of remaining 67.83% stake in Carbon Engineering Ltd. from i(x) Net Zero Plc (AIM:IX.) and others.	Nov. 02	CI
I(x) Net Zero says Enphys acquisition deadline extended	23-10-09	AN
AIM WINNERS & LOSERS: Oracle Power raises funds at steep discount	23-10-04	AN
I(x) Net Zero portfolio company ends combination plan	23-10-04	AN
EARNINGS: i(x) Net Zero swings to profit, Zephyr falls to loss	23-09-29	AN
Earnings Flash (IX.L) I(X) NET ZERO Posts H1 EPS $0.76	23-09-29	MT
I(x) Net Zero Plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-29	CI
I(x) Net Zero invests USD600,00 into Citron Energy	23-09-25	AN
CITRON ENERGY, Inc. announced that it has received $0.6 million in funding from i(x) Net Zero Plc	23-09-24	CI
I(x) Net Zero investee finds acquisition in Latin America	23-08-25	AN
I(x) Net Zero gains as Occidental to buy Carbon Engineering	23-08-16	AN
Oxy Low Carbon Ventures, LLC entered into a definitive purchase agreement to acquire remaining 67.83% stake in Carbon Engineering Ltd. from i(x) Net Zero Plc (AIM:IX.) and others for approximately $1.1 billion.	23-08-14	CI
I(x) Net Zero to invest further USD2.5 million into Enphys Management	23-08-07	AN
Enphys Management Company, LLC announced that it expects to receive $2.5 million in funding from i(x) Net Zero Plc	23-08-06	CI
AIM WINNERS & LOSERS: i(x) Net Zero surges as BP invests in WasteFuel	23-07-06	AN
I(x) Net Zero shares rocket as BP invests USD10 million in WasteFuel	23-07-06	AN
I(x) Net Zero increases Sustainable Living investment	23-06-16	AN
Sustainable Living Innovations, Inc. announced that it has received $0.15 million in funding from i(x) Net Zero Plc	23-06-15	CI
I(x) Net Zero turns to loss in 2022 on lower fair value improvement	23-06-13	AN
I(x) Net Zero Plc Reports Earnings Results for the Full Year Ended December 31, 2022	23-06-13	CI

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Company Profile

i(x) Net Zero Plc is a Jersey-based investing company. The Company focuses on energy transition and sustainability in the built environment. The Companyâs aim is to generate long-term capital growth for its shareholders, principally by creating, funding, partnering with or developing companies that are committed to the areas of energy transition and sustainability in the built environment. The Company's primary focus is to invest in order to realize equity or equity-like returns. The Company has invested in biofuels, direct air carbon capture, renewable energy, sustainable workforce housing and sustainable energy efficient apartment buildings for the urban core. It operates in the United States.

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Investment Management & Fund Operators

Calendar

2024-06-03 - Q4 2023 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.18 GBP

Average target price

1.1 GBP

Spread / Average Target

+511.11%

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