LONDON--( / ) March 25, 2014 -- Intelligent Energy () Holdings plc (“Intelligent Energy” or “the Company”), the international power technology company, and GIC, Singapore's sovereign wealth fund, jointly announce that GIC has invested approximately $63* million in the Company.
The investment takes the form of a new issue of 15,129,468 Ordinary Shares to GIC, representing 10 per cent. of the Company’s enlarged issued ordinary share capital immediately following the placing of shares to GIC, at a subscription price of ￡2.50 per Ordinary Share.
GIC is a highly regarded sovereign wealth fund that manages Singapore's foreign reserves. It aims to achieve good long-term returns above global inflation over a 20-year investment horizon. It is one of the largest investment management organisations in the world, investing well over US$100 billion in a diverse range of assets - from equities to fixed income, to real estate to private equity - across more than 40 countries.
Whilst good progress has been made on the Company’s recent strategic priorities of the commercial launches of the consumer electronics division, with its attendant global opportunities, and of the stationary power division, initially in India, the Board very much welcomes the additional strategic and financing options that are anticipated to be available to the Company as a result of GIC’s investment, including:
· the opportunity to seek to accelerate progress in the Company’s newly launched divisions, with the intent of achieving a positive operating cashflow at an earlier date;
· greater flexibility to execute the business plan whilst pursuing routes for the realisation of shareholder value.
Commenting, Paul Heiden, Chairman of Intelligent Energy, said:
“GIC’s long-term investment perspective and global presence, with particular domain knowledge of the Asian market in which the Company’s Distributed Power & Generation (DP&G) division has launched, means that the Board was pleased to recommend to shareholders this investment from a new cornerstone investor.”
Dr. Henri Winand, Chief Executive Officer of Intelligent Energy, commented:
“The Board of the Company believes that GIC will be a strong and supportive shareholder in the Company in the years to come, and the additional capital will increase our strategic and financing options.”
Jason Triplitt, Head, European Equities, GIC Asset Management Pte Ltd, said:
“GIC sees long-term value in Intelligent Energy’s technology being deployed across a range of markets and applications with high quality partners. We look to benefit from the fruition of years of business and technology development that has led to Intelligent Energy’s ability to develop fuel cells ready for mass-market deployment."
Andrew Davidson, Managing Partner of Parva Capital, commented:
“We are delighted to have worked with Intelligent Energy on arranging this significant investment from this prestigious investor, building on our six year advisory relationship with the Company”.
* at exchange rate of $1.66: ￡1
About Intelligent Energy
Intelligent Energy develops efficient and clean energy technology for the global consumer electronics, automotive and stationary power markets - from compact energy packs for mobile devices, to powertrains for zero-emission vehicles, and stationary power units for the always-on infrastructure.
Our advanced technology architecture is used by international companies to create differentiated, cost-efficient fuel cell power systems for mass market applications. It enables Intelligent Energy and our industry partners to solve the challenges of continuous power and productivity, by creating convenient everyday energy solutions to power your life.
Intelligent Energy’s headquarters and principal facility is located at Loughborough in the UK Midlands region.
More information on Intelligent Energy () is available at WordPress (), Twitter (), YouTube () and LinkedIn ().
GIC is among the world’s largest fund management companies. It was established in 1981 to manage Singapore’s foreign reserves. GIC strives to achieve good long-term returns on assets under its management, so as to preserve and enhance Singapore’s reserves. Since its inception, GIC has grown from managing a few billion dollars to well above US$100 billion today. GIC’s investment framework capitalises on its strengths which include the ability to take a long-term investment perspective, a global presence, capabilities to invest in cross-asset opportunities, and a skilled and experienced team. It has investments across 40 countries and in assets such as equities, fixed income, real estate and private equity. GIC has been investing in emerging markets for over twenty years. GIC is headquartered in Singapore with a network of nine offices in key financial cities worldwide. For more information on GIC, please visitKorea Newswire distributes your news across every media channels through the industry’s largest press release distribution network
SOCHI, RUSSIA--( / ) February 11, 2014 -- President of the Oslo bid committee, Mr Stian Berger RØSLAND, Governing 먹타벅스 SOCHI,of Oslo, and Oslo bid kt바둑 쿨피스 committee member, Mr Inge ANDERSEN, Secretary General of the Norwegian Olympic Committee presented 무료섹스사이트 일본방송가슴 on behalf of the Oslo bid committee. Also speaking at the briefing were Mr Gerhard HEIBERG, IOC member in Norway, Mrs. Eli GRIMSBY, CEO of Oslo2022, and 먹타벅스 SOCHI,Bjørn DÆHLIE, skiing legend and multiple Olympic Champion.
- First and foremost I believe Oslo 무료섹스사이트 시크릿토이 2022 포커영화 -be a great 무료섹스사이트 강지영담배 experience for the athletes. We have a strong passion for winter sports in Norway, and 무료섹스사이트 I would like the athletes of 힐링벳 -world to share that experience. We want to make Games that inspire a new kt바둑 트레비TV generation 유미닷컴 -athletes, Dæhlie commented at the press briefing.
Oslo´s Games concept takes the entire city into use, partly in existing, and partly in new facilities. The Games plan is complete by hosting the alpine skiing, and bob, luge 여성자위기계추천수입 Oslo´sskeleton events in the Lillehammer area, known from 현지엄마히프수입 Oslo´shighly acclaimed Games of 1994. The 무료섹스사이트 아이러브토토 main athletes village is situated in Oslo, and a second village in Lillehammer. Oslo´s plan rests on three core value pairs, representing the duality 와카나나오 Oslo´sNorwegian culture: Ambitious and generous; kt바둑 먹튀넷 urban and natural; playful and responsible.
- Oslo is small enough to offer intense moments - in an intimate metropolis. The Games will take place in the city itself, taking the 무료섹스사이트 먹튀속보 entire city 무료섹스사이트 지연절벽 into use. This will give the athletes, the media and every visitor the 무료섹스사이트 콩티비 sense of sharing the excitement with kt바둑 바셀TV many, kt바둑 토토로티비 offering intense 수원저주파판매처자극적인거 -moments of passion, commented 익선동성인게임장 -Berger Røsland, Governing Mayor of kt바둑 태풍티비 Oslo and President of the Bid Committee.
- Our 무료섹스사이트 던킨베이글 Games concept is also about sustainability and long-term qualities of the city. The KUmyAR -and media villages will 정우면성인게임장 -us to 궁동풀팟홀덤 -a completely new urban district. Our ambition is to promote innovation in how we shape the physical framework for life cities, commented kt바둑 Eli Grimsby, CEO 무료섹스사이트 of Oslo2022.
- Sport kt바둑 리오카지노 is the 섹스공화국 -common area of interest in Norway. Sport, kt바둑 Saintphotolife and in particular winter sport, is found everywhere, in every family, kt바둑 성지고등학교연예인 in every local community, in every walk of life. The Norwegian sports movement represents more than 2 million memberships, 12 000 sport clubs and 54 sports federations. More than 90 per cent voted in favor of the bid for the 2022 at our general assembly, 무료섹스사이트 제니 commented Mr. Inge Andersen, Secretary General of the Norwegian Olympic Committee.
Oslo is the capital of Norway with 600 000 inhabitants. Its Olympic Games plan has been under development since early 2012, and the City Council made its decision (52 -7) to apply in a vote 무료섹스사이트 허윤미 in June 2013. The application is 무료섹스사이트 지은 subject to national government guarantees, to be put before parliament during AV디비에스 OsloA government 제이제이 Oslostudy has approved Games plan kt바둑 조미선 and budget in December 2013.
The budget for Games expenditure kt바둑 오또맘 무료섹스사이트 오또맘 and public investments represent 무료섹스사이트 서리나 a total of USD 3,4 billion (NOK 21,7 billion).Korea Newswire distributes your news across 무료섹스사이트 안녕하세요못된손 every media channels through the industry’s 123TOP Thepress release distribution network
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