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.


(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

Thanks! This question prevents spammers...
Enter the characters shown in the image.

Add your comment

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/03/17

1 year TSR5 year TSR
79thMMJ Phytotech212%0%
132ndWavenet International141%-43%
209thCarnegie Clean Energy78%11%
689thDubber Corporation-36%-7%
706 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$10k Issued
$300k Other
$300k Issued
Total value as at the date of the transaction
Source: Morningstar


128th↑MMJ Phytotech$1.1m
129th↓Carnegie Clean Energy$1.1m
131st↑Dubber Corporation$983k
132nd↑Wavenet International$903k
226 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Carnegie Clean Energy

131stMichael Ottaviano$728k
437thGrant Mooney$159k
1008thKieran O'Brien$138k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer