Net Zero Infrastructure PLC Update on QuiaPEG Transaction
19 June 2024 - 4:00PM
RNS Regulatory News
RNS Number : 8928S
Net Zero Infrastructure PLC
19 June 2024
19 June 2024
NET ZERO INFRASTRUCTURE
PLC
("NZI"
or the "Company")
Update on QuiaPEG Transaction
Net Zero Infrastructure Plc, a
special purpose acquisition company formed with the intention to
acquire renewable or clean energy technology companies and to
finance, develop and promote those environmentally sound projects
internationally, is pleased to announce it has now completed
its third-party independent valuation
of the intellectual property assets of
QuiaPEG Pharmaceuticals AB and the assets are estimated to be
worth around £30m, following the
announcement made on 16 February
2024.
QuiaPeg is a drug development
company based on a patented drug delivery platform, Uni-Qleaver®,
and the company develops improved and patentable forms of drugs
under development or already approved by regulatory authorities.
QuiaPEG's shares are admitted on trading on Nasdaq First North
Growth Market.
Work will continue on the prospectus
and finalising the license agreement so the transaction can be
completed in the coming months.
Enquiries:
For further information, please visit -
www.nziplc.com
Contact
Details
|
Net
Zero Infrastructure plc
Mike Ellwood - Non-Executive
Chairman
|
+44 (0) 799 932 9382
|
|
Axis
Capital Markets Limited (Company Broker)
Richard Hutchison
|
+44 (0) 203 026 0320
|
|
IFC
Advisory (Financial PR)
Graham Herring
Tim Metcalfe
|
+44 (0) 203 934 6630
|
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END
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