Investing In
On 16th September 2005 Bill Riddle (Chairman of WH White plc and Managing Director of New Earth Solutions Limited) injected £1.7m of equity into the company and this has subsequently been followed by a further equity injection by another private investor of £2.0m. A Rights Issue was carried out in July 2005, which raised an additional £1.0m.
The company has also secured project financing debt facilities from Nord LB Following a competition to raise senior debt from a number of banks. RBS, Barclays, and Nord LB all offered debt of £50m on similar terms. Nord were selected given their experience in financing similar waste facilities in the UK and throughout Europe. The facilities are available to draw down against Local Authority contracts and will support the roll out of 500,000 tpa capacity, equivalent to ten typical processing plants across the UK.
On 21st July 2008 the company launched the New Earth Solutions Recycling Facilities investment Sub-Fund (the Fund) and is attracting experienced retail investors to invest in the rapid expansion of the New Earth Solutions facilities nationwide.
The Fund which is listed on the Channel Islands Stock Exchange is available via SIPP and offshore Bond providers and has been launched in conjunction with the Isle of Man based investment fund provider, The Premier Group.
Experienced investors looking for long-term growth may invest via the New Earth Solutions Recycling Facilities investment Sub-Fund which provides an opportunity to participate in a market no normally available to the individual investor by investing in the development and subsequent trading performance of recycling waste management systems of New Earth Solutions Ltd (NES) investors should view this as a long-term investment with a minimum of a 5-year timeframe. For further information please visit http://www.newearthfunds.co.uk/