WH Ireland is proud to have acted as Nomad and Joint Broker to AMTE Power plc in its admission to AIM and placing which raised £13.7 million. AMTE Power is a recognised brand in the production of high-quality lithium-ion batteries across a range of markets including automotive, aerospace, defence, oil & gas and energy storage.
AMTE Power was founded in 2013 with the objective of developing a portfolio of highly differentiated, lithium-ion and lithium-ion derivative battery cells to meet the needs of specialist customers.
AMTE Power, which qualifies for the London Stock Exchange Green Economy Mark, attracted strong support from both institutional and retail investors.
Phillip Wale, Chief Executive Officer at WH Ireland, said “We were thrilled to work with AMTE Power on their heavily oversubscribed IPO. It’s an exciting time to be a part of the UK’s ‘Green Industrial Revolution’, and this is a highly experienced team with a clear focus on specialist areas within a large & rapidly growing market. We look forward to continuing to work with the team and assisting in their progress.”
Kevin Brundish, CEO of AMTE Power plc, said “I’m delighted we have completed our listing on AIM. It’s been a pleasure to work with WH Ireland as a key partner in successfully steering us through the extensive listing process, and the oversubscription is a testament to the strength of both the AMTE and WH Ireland teams.”