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 30/11/17

1 year TSR5 year TSR
11thAdvanced Nano Technologies1920%108%
355thRefresh Group18%18%
426thAdvanced Share Registry5%44%
453rdCarnegie Clean Energy0%-1%
727 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$372k Sold
$5k Bought
$10k Bought
Total value as at the date of the transaction
Source: Morningstar


95th↓Refresh Group$6.2m
96th↓Advanced Share Registry$6.0m
97th↑Carnegie Clean Energy$5.3m
98th↓Advanced Nano Technologies$5.1m
231 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Carnegie Clean Energy

118thMichael Ottaviano$728k
385thGrant Mooney$159k
889thKieran O'Brien$138k
Ranked by total remuneration from all listed WA companies

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