Kedco, a group focusing on green energy production in the UK and Ireland, is ready to access the funds needed to develop its business after it joined AIM.
The admission has valued the group at some €34.9 million (£27.9 million) at the admission price of 17.5 cents per share.
Deloitte Corporate Finance was appointed nominated adviser, with Lewis Charles Securities accepting the role as broker. The reporting accountant was Deloitte, led by Brian Murphy, a partner, in its financial advisory team.
Murphy said AIM would give Kedco the equity it needs to develop several waste to energy plants.
“Renewable energy is an attractive sector to investors at present and it was interesting to work with a company that has grown to the size of Kedco and has a stated growth strategy for the future,” he adds.
Deloitte’s team included transaction services senior managers Annette Pearse and Cathal Jones.