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i(x) Net Zero plc
Company Name:i(x) Net Zero plc Minimum fundraise:£0.00* High Share Price Bid:£0.00
Business Sector:Finance Total Funds Bid to Date:- Low Share Price Bid:£0.00
Auction period:26 Sep 2024 - 18 Dec 2024 Indicative Share Price:0.00 Average Share Price Bid:£0.00**
*The company will accept oversubscription.
**In the event of significant oversubscription, shares will be allocated to bids at the average price and above.
NOTE: ASSET MATCH HAS NEGOTIATED AN “ASSET MATCH INVESTOR BONUS” FOR INVESTORS IN THIS TRANSACTION. SEE THE “OVERVIEW” SECTION BELOW FOR DETAILS.

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i(x) Net Zero plc

The next auction will close at 4pm on the 18th December 2024. An order book will appear here when orders have been received.

In the auciton which closed on 25th September 2024, no shares traded.

If you would like to receive further information and subsequent auction details then please add i(x) Net Zero to your watch list.

Please direct any queries to dealing@assetmatch.com or Tel. 020 7248 2788

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Company info

i(x) Net Zero plc is a formerly AIM quoted investing company that provides its shareholders the opportunity to create long-term capital growth with positive, scalable, measurable and sustainable impact on the environment and on the communities it serves. In accordance with its belief that the world's biggest problems are also the biggest market opportunities, i(x) Net Zero focuses on two critical areas in which it aims to make a positive impact: (i) Energy Transition and (ii) Sustainability in the Built Environment. The Company uses a multi-strategy investment approach, providing the companies in which it invests with the expertise and catalytic capital to help them grow. To date, i(x) Net Zero has invested in biofuels, direct air capture (carbon removal), renewable energy, sustainable workforce housing and net zero construction technology. i(x) Net Zero is a provisional signatory to the UN Principles for Responsible Investing and received the London Stock Exchange’s Green Economy Mark.

www.ixnetzero.com

Auction details

The Ordinary Shares of i(x) Net Zero plc were admitted to trading on Asset Match on 19 August 2024 at a price of 9.75p pence per share (being the last traded price on AIM adjusted in accordance with the AM tick size policy).

Auctions are to be held quarterly and close at 4pm on the last Wednesday of each month (unless stated otherwise).

The tick size for this company is 0.25 pence per share.

Participants can send orders via their existing broker or directly to shareDeal active. Further details can be found by clicking on the "Auction instructions" section below.

Auction instructions

To buy and sell shares in this company via Asset Match Private Market, you will need to use a stockbroker.

           -  shareDeal active

If you are a UK resident, our main broker and settlement agent for all CREST eligible companies on the AM Private Market is shareDeal active.

shareDeal active provide a competitively priced service for both certified and non-certified transactions. You can open an account online or by post using the form provided.

Alternatively, if you already have an account with shareDeal active and wish to place an order please contact the Dealing desk directly on 01892 510515 or deal online.

To sell a share certificate, the easiest way to trade is to set up a shareDeal active account online and once open post your share certificate with a completed CREST transfer form. Alternatively, you can open an account by post using the Asset Match Certificated Sale Pack which includes everything you will need.

It generally takes 5-7 days for your account to be open and shares available for trading.

           -  Already have a stockbroker

Over 60 UK brokers regularly trade and are set up to deal on our platform. These brokers can submit your instructions to shareDeal active on your behalf*.

Please note that not all brokers are able to deal in unquoted shares so contact us to confirm whether your broker is able to trade.

           -  Overseas

If you are based overseas and are interested in participating then please contact us directly by emailing dealing@assetmatch.com or by calling 020 7248 2788.

​​When buying and selling shares, please note that the Asset Match levy of 3% applies, with a minimum charge of £20 per trade (*additional fees may apply).

For more information on how the auction works then please click here.

 

Key People

Nick

Nick Hurd Non-Executive Chairman

The Right Honourable Nick Hurd served as a Member of Parliament in the UK for fourteen years before stepping down in December 2019. During his time as a Member of Parliament, he served as a UK Government Minister for more than eight years to three different Prime Ministers. Before politics, Mr. Hurd spent 18 years in business, including almost nine years in investment banking and fund management. He was a buy-side analyst and then institutional pension fund manager at Morgan Grenfell Asset Management. At Flemings Investment Bank, he was Managing Director of the full service Brazilian subsidiary which he set up; after negotiating a joint venture to scale the business in Brazil, he served on the new board and focused on investment banking advisory. Mr. Hurd has a long involvement in climate change policy. He served in Parliament on the UK Environment Audit Committee, the Climate Change Bill scrutiny committee and as chair of the All Party Environment Group. In addition, he served as the UK International Development Minister, which included responsibility for climate change and climate finance. He also served as UK Minister for Climate Change and Industry, where he provided oversight of carbon budgets, clean growth strategy, ratification of the Paris Agreement and international climate finance. As one of the longest serving Ministers for Civil Society, Mr. Hurd led the Government work that helped establish the UK as a world leader in developing the impact investment market. He is Chair of the Access Social Investment Foundation, a Global Ambassador for the Global Steering Group for Impact Investment (GSG) and serves on the Advisory Council for the UK Institute for Impact Investment. Mr. Hurd is on the board of the National Citizen Service Trust, a not-for-profit set up by Royal Charter. In July 2021 he was asked to chair an industry-led Impact Investment Taskforce set up with the support of the G7 Presidency.
   
Pär

Pär Lindström Chief Executive Officer & Chief Investment Officer

Pär Lindström is Co-Founder, Chief Executive Officer & Chief Investment Officer of the Company and President of Enphys Management Company and a Director and the Chief Financial Officer of Enphys Acquisition Corp, one of the Company's investments and NYSE listed SPAC. Mr. Lindström is also on the board of directors of WasteFuel. Mr. Lindström brings over 25 years' investment experience and business development expertise through a career focused on venture capital, growth capital and private equity investments in the U.S., Europe and the emerging markets concentrating on Renewables, Energy, Industrials, Technology, Life Sciences, Agri and Infrastructure. Previously, Mr. Lindström spent over five years as Principal in the Global Special Situations and Private Equity groups at the Abu Dhabi Investment Council ("ADIC"), where he was part of the team that built the newly established sovereign wealth fund by driving direct investments and backing various investment teams across multiple asset classes. Prior to ADIC, he was a Principal at Partners Capital Investment Group, a firm backed by Lord Jacob Rothschild and Sir Ronald Cohen, where he headed up the Private Equity, Growth Capital and Venture Capital investments. Earlier in his career, Mr. Lindström was co-head of Applied Value's New York office, a global turnaround advisory firm with a growth equity investment arm and a senior investment professional at Investor Growth Capital, part of the Wallenberg family's investment company Investor AB, and Affärsstrategerna VC. Mr. Lindström has also held positions with Bain & Company's Private Equity Groups in Europe and the U.S. and with KPMG Banking & Finance. He is a former Advisory Board member of Carlyle Partners V and TPG Partners VI as well as a member of Milken Institute Global Capital Markets Advisory Council from 2009 to 2013. Mr. Lindström holds a Bachelor of Science from University of California at Berkeley, an MBA from Harvard Business School and is a two-time Olympian in swimming.
   
Jonathan

Jonathan Stearns Chief Financial Officer

Mr. Stearns, CFO, brings over 35 years of experience as a senior executive in private capital investing and management across numerous industries, capital structures and stages of development in companies located in the U.S., South America, Western Europe and Asia. Mr. Stearns has served in an executive capacity in the senior management teams of venture and growth capital companies including as CEO, COO, CFO and CIO. Prior to joining iX, he was the Managing Partner of Stearns Associated Partners and Senior Operating Partner of i2 Capital, LLC. Prior to Stearns Associated Partners, he was a Managing Director with AIG Investments and its successor, PineBridge Investments, where he actively managed numerous private equity and private debt investments and funds focused on the US and abroad in a number of areas with a particular emphasis on the education, healthcare, software, renewal energy, financial services and mobile communications industries. Mr. Stearns has served on the Board of Directors of numerous private and public companies, including as chairman and the head of audit, executive and human resources committees. Building on his experience in leading the impact investment area at AIG and starting an ESG assessment and valuation company, Mr. Stearns is focusing on working with and investing in companies with superior financial and social return opportunities, including affordable housing and renewable energy. Mr. Stearns received his BA in History and Political Science from The University of the South and studied economics and politics at the graduate school of Cornell University. Mr. Stearns has lived in New York City for the last 25 plus years and has two daughters.
   
Alex

Alex Chapple Non-Executive Director

Alice Chapple is a U.K. citizen and resident who is an economist and a specialist in impact investment and impact assessment. She established Impact Value, a specialist consultancy firm that helps impact investors identify how they can best use their capital to create positive social or environmental change, in 2012. She has spent her career working to find ways in which companies and investors can have a meaningful impact beyond financial returns. Before establishing Impact Value, Ms. Chapple worked as Director of Sustainable Financial Markets at Forum for the Future, where she worked on projects exploring the scope for innovative financial instruments, more effective valuation techniques, better risk assessment and longer-term investment strategies. Prior to that role, she worked for many years at UK development finance institution, CDC Group Plc, as financial analyst, fund manager and social and environmental advisor. In the late 1990s, she established a programme for the evaluation of development impact, and in the 2000s she designed processes for fund managers to assess the ESG aspects of their investments. Ms. Chapple's current roles include Chair of Investor Watch Group which seeks to align capital markets with a sustainable future through Carbon Tracker and Planet Tracker, two financial think tanks, Independent Director of the Schroders BSC Social Impact Trust PLC, Trustee of the Shell Foundation and member of the Advisory Boards of Frontier Finance Solutions, WHEB Asset Management and Connected Asset Management. She has also developed a sustainable finance course for the University of Cambridge Institute of Sustainability Leadership. Ms. Chapple has an MA in Economics from Cambridge University and is a chartered accountant.
   
Patricia

Patricia McCall Non-Executive Director

Patricia McCall is a U.S. citizen, based in the New York area, with more than 20 years of international experience in philanthropy advising, investment management, economic development, regulatory reform, and education. In her current role as Winrock Chief Corporate Affairs and Strategy Officer, Ms. McCall leads Winrock's efforts to develop impact investment programmes, oversee corporate partnerships, and evolve efforts to secure philanthropic partners for its programmes. She has developed private-public partnerships, led policy institutes and designed investments and initiatives to maximise return and impact. She has worked in the United States, the Middle East, and the United Kingdom. Ms. McCall has a background in philanthropy, impact investing and global development. She worked for the International Finance Corporation (“IFC”) in Cairo, guided philanthropic programming for several family-led foundations in the Middle East, and led the Center for Economic Growth at the INSEAD campus in Abu Dhabi, Europe's leading graduate school of business. Ms. McCall holds an M.A. in development economics from the Columbia University School of International and Public Affairs and a B.A. in economics from the University of Virginia.