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Carnegie Clean Energy managing director Michael Ottaviano. Photo: Attila Csaszar

Carnegie raising grows to $18m

Carnegie Clean Energy has tripled the size of its capital raising to $18 million after accepting oversubscriptions from a share purchase plan and undertaking an additional placement.

North Fremantle-based Carnegie said it had accepted $9 million in oversubscriptions from its previously announced $6 million share purchase plan, priced at 6.7 cents per share, and had also accepted a further $3 million of commitments through a private placement mostly to existing shareholders.

“This exceptional response to our capital raising is a clear indication of the support of our shareholders for the expansion of our business into solar, battery storage and microgrids,” Carnegie managing director Michael Ottaviano said.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/07/17

1 year TSR5 year TSR
thJV Global-50%-20%
107thCarnegie Clean Energy68%2%
297thDimerix9%64%
482ndGrandbridge-20%-17%
752ndPeppermint Innovation-70%-36%
710 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

24/04/17
$5k Bought
24/04/17
$10k Bought
24/04/17
$15k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

128th↓Carnegie Clean Energy$1.1m
136th↓Grandbridge$781k
137th↑JV Global$683k
139th↓Peppermint Innovation$610k
140th-Dimerix$565k
230 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Carnegie Clean Energy

124thMichael Ottaviano$728k
411thGrant Mooney$159k
941stKieran O'Brien$138k
Ranked by total remuneration from all listed WA companies

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