i(x) Net Zero PLC Enphys proxy statement and letter of intent (4546K)
25 Agosto 2023 - 3:28AM
UK Regulatory
TIDMIX.
RNS Number : 4546K
i(x) Net Zero PLC
25 August 2023
25 August 2023
i(x) Net Zero PLC
("i(x) Net Zero" or the "Company")
i(x) Net Zero investment Enphys Acquisition Corp. Files
Preliminary Proxy Statement and Announces Non-Binding Letter of
Intent to Acquire Advanced Biofuels Company
i(x) Net Zero PLC (AIM: IX.), the investing company which
focuses on the Energy Transition, announces that Enphys Acquisition
Corp. (NYSE: NFYS, "Enphys") has filed a preliminary proxy
statement in connection with an extraordinary general meeting of
shareholders of Enphys for the purpose of, among other things,
extending the time by which it has to consummate an initial
business combination from October 8, 2023 to July 8, 2024 (the
"Extension"), as well as other documents filed by Enphys with the
U.S. Securities and Exchange Commission. The Extension is subject
to approval by Enphys shareholders and a further announcement will
be made in due course.
Enphys has also signed a non-binding letter of intent for a
business combination with a leading and well-established advanced
biofuels company in Latin America (the 'Target').
i(x) Net Zero owns 30% of Enphys Management Company ("EMC"),
which has a direct ownership in Enphys Acquisition Sponsor, LLC
("EAS"), the sponsor company of Enphys Acquisition Corp., a
NYSE-listed SPAC targeting renewable energy businesses in Latin
America, in which EAS has a direct ownership.
No assurances can be made that the Company and the Target will
successfully negotiate and enter into a definitive agreement
regarding a business combination. Any transaction would be subject
to board and equityholder approval of both Enphys Acquisition Corp.
and the Target, regulatory approvals and other customary closing
conditions.
Pär Lindström, Chief Executive Officer of the Company, said :
"We believe that Enphys has significant growth potential and we are
supporting the company as it looks to establish itself as a leading
biofuels operator in the alternative energy sector in Latin
America. "
- Ends -
For further information visit https://ixnetzero.com/ or contact:
i(x) Net Zero Via Buchanan below
Pär Lindström - Chief Executive
Officer
Canaccord Genuity Limited
Nominated Adviser & Broker +44 20 7523 8000
Max Hartley
Harry Pardoe
Buchanan
Helen Tarbet +44 7872 604 453
Simon Compton +44 7979 497 324
Notes to Editors
About i(x) Net Zero PLC
i(x) Net Zero PLC is an AIM quoted investing company that seeks
to provides its shareholders with 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 signatory to the UN Principles for
Responsible Investing.
The Company has received the London Stock Exchange's Green
Economy Mark.
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END
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August 25, 2023 02:28 ET (06:28 GMT)
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