REG - Cindrigo Hldgs Ltd - Appointment of Corporate Broker

Cindrigo HoldingsAnnouncement

11/09/2023 11:30

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RNS Number : 0341M  Cindrigo Holdings Limited  11 September 2023

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11  September 2023

 

Cindrigo Holdings Limited

('Cindrigo' or the 'Company')

 

Appointment of Corporate Broker

 

Cindrigo (LSE:CINH), the active clean baseload power developer engaged in the
renewable energy sector, is pleased to announce that it has appointed Hannam
& Partners as the Company's Financial Advisor and Corporate Broker with
immediate effect.

 

Lars Guldstrand, CEO of Cindrigo, said: "We are pleased to announce the
appointment of the Investment Bank Hannam & Partners as our corporate
advisor and broker as we continue our application for readmission to the
London Stock Exchange. Hannam & Partners offers great expertise in the
Energy sectors supporting the grow and the building of connections and new
relationships with institutional shareholders interested in Cindrigo's space."

 

Samuel Merlin, Partner of Hannam & Partners, said: "We believe Cindrigo is
a very interesting Company well-positioned in the geothermal clean power
production space, with its renewable assets in the EU. We look forward to
working with Cindrigo and participating in the growth and development of the
Company."

 

 

 **ENDS**

 

For more information please contact:

Cindrigo Holdings
Limited
+44 (0) 7408 861 667

Lars Guldstrand, CEO

 

Hannam & Partners (Financial Advisor & Corporate Broker)
                     +44 (0) 20 7907 8500

Samuel Merlin

Andy Crispin

 

St Brides Partners Ltd (PR)
 
       +44 (0) 20 7236 1177

Catherine Leftley

Paul Dulieu

 

Notes

 

Cindrigo Group is an active clean baseload power developer engaged in the
renewable energy sector. Cindrigo is currently focused on the successful build
of its 20 MW geothermal power plant located in Croatia. A number of expansion
projects are also underway, primarily in the Pannonian Basin of Central Europe
and also select markets where Cindrigo has natural strategic partners.

 

Cindrigo aims to have contracts in place for geothermal power plant projects
with up to 200 MW of contracted capacity within a year, up to 450 MW within
three years and 1000 MW by 2030. The financing for each power plant project
will be primarily on a structured project finance basis within special purpose
vehicles for each project.

 

The prospectus approval process for the readmission of Cindrigo's ordinary
shares to the Official List and to trading at London Stock Exchange Main List
("LSE") with a Standard Listing is on-going.

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