Additional Information
Market: AIM
Sector: Cleantech and Renewable Energy
EPIC: HEGY
Latest Price: 15.13p  (0,00%)
52-week High: 18.50p
52-week Low: 9.75p
Market Cap: 20.05M
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Helius Energy
www.heliusenergy.com

Helius Energy Plc is a United Kingdom-based company engaged in installing and operating biomass-fired renewable electricity generation plants. The Company is engaged in developing both large (over 60 megawatts (MWe)) and small modular (5-8 MWe) biomass-powered electricity generation plants. Its subsidiaries include Helius Power Limited, Helius Energy Africa (Pty) Limited, Distributed Power Systems Limited, Helius Energy Beta Limited, and Helius Energy Gamma Ltd.

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Helius Energy: seafood tycoon ups stake to 21 per cent

1st Nov 2011, 8:23 am by Jon Mainwaring Helius’s recent fund raising will help to advance the firm’s Avonmouth biomass power project

A key shareholder in biomass power plant builder Helius Energy (LON:HEGY) has increased his stake in the firm from below five per cent to more than one-fifth of the company.

Seafood tycoon Alastair Salvesen’s holding has gone from 4,473,294 shares to 28,168,572, the equivalent of 21.26 per cent of the business, according to a statement from the firm this morning.

Salvesen has been involved in the seafood industry for more than 30 years, holding senior positions in a number of companies including chairman of Dawnfresh Seafoods. He is also a director of Archangels – a business angel network of around 100 high net worth individuals that invests in early-stage companies.

Early in October, Helius announced plans to raise £6.6 million via a share placing at 16 pence per share – a premium to the then share price which chief financial officer Alan Lyons described as “a cracking result in this market”.

The funds will be used to strengthen Helius’s balance sheet and provide additional working capital to allow the company to progress its immediate and longer-term pipeline of projects, including seeking to secure: project-level funding for the firm’s Avonmouth power project; and planning consent for its Southampton project.

Shares in Helius were unchanged in early trading this morning at 15 pence each.

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