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ESG investor Net Zero targets London listing

By Jenni Reid

13:53, 3 December 2021

Exterior of the London Stock Exchange building
Net Zero PLC wants to float on London’s Alternative Investment Market

Sustainability-focused investment firm i(x) Net Zero PLC wants to list on London’s Alternative Investment Market (AIM) this December, it announced Friday. 

The company plans to raise around £20m ($26.4m) through the placing of new ordinary shares and has appointed H&P Advisory and Shore Capital as joint brokers. 

AIM is a London sub-market for small- and medium-sized companies and has fewer regulations than the main market. 

Greenification

Backed by investors including Airbnb (0A8C) co-founder Joe Gebbia, Red Hot Chilli Peppers frontman Anthony Kiedia and Canada’s Desmarais family, and chaired by former British MP Nick Hurd, i(x) Net Zero says it “focuses on energy transition and sustainability in the built environment”. 

In today’s announcement, it said that while it had access to “significant pools of capital” through this base, it wanted its investment returns to be available to a wider base. 

Oil - Crude

75.71 Price
+0.770% 1D Chg, %
Long position overnight fee -0.0211%
Short position overnight fee -0.0008%
Overnight fee time 22:00 (UTC)
Spread 0.030

Gold

2,014.47 Price
+0.010% 1D Chg, %
Long position overnight fee -0.0194%
Short position overnight fee 0.0112%
Overnight fee time 22:00 (UTC)
Spread 0.50

BTC/USD

37,263.60 Price
+0.490% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00

XRP/USD

0.61 Price
+0.930% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 22:00 (UTC)
Spread 0.01168

Its current investments include biofuel-maker WasteFuel Global; carbon-capture company Carbon Engineering Ltd; and Latin America-focused renewable energy investor Enphys Management Company. 

Growth opportunities 

Chief executive Steve Oyer said AIM admission would also allow it to “access global growth capital to scale the business further.

“Our belief is that the world's biggest problems present significant market opportunities, and that capital, deployed intentionally, has the power to improve the sustainability of our planet and the communities in which we live. 

“Our mission is to utilise our capital, experience and sphere of influence as a catalyst to help address some of the significant problems threatening the world. We look to maximise positive social, environmental, and economic impact wherever we are active,” Oyer said.

Read more: Medical cannabis company Equinox set for AIM market IPO

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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