BUSINESS DAY TV: ‘The clean energy space delivers superior returns’
AEP Energy Africa, Edwin Kikonyogo discusses its listing on the ALTX and plans to make acquisitions in liquified natural gas
Edwin Kikonyogo is the CEO of AEP Energy Africa. BUSINESS DAY TV: AEP Energy Africa became the second special purpose acquisition company (SPAC) to list on the ALTX, raising R52m in its journey to the JSE. Its billing itself as the exchange’s black empowered clean energy group and it will be looking for acquisitions specifically in the liquified natural gas space. Joining me with more is CEO Edwin Kikonyogo. Edwin … so you raised R52m in your pre-listing offer. Is that the extent of the capital that you have available for acquisitions? EDWIN KIKONYOGO: No. We raised R52m to address an issue that came up during our roadshow which is an issue relating to cash drag where investors in this market are a little reticent to park capital, cash with a SPAC that has a 24-month period to spend it. So we decided to reduce the offer and focus on viable acquisitions. But also go back because we were encouraged by investors, go back to those investors and look to migrate the listing to the main bo...
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