Prepared for Nicole M. | Delivered April 6, 2020
AgCert Company Profile
To provide an overview of the company known as AgCert, including relevant investment details and investor returns.
Overview: AgCert International and XL TechGroup
This research is on the company,
AgCert International, Limited
AgCert International was founded in
and was headquartered in Dublin, Ireland.
produced and sold
agriculturally-derived greenhouse gas (GHG) emission reductions.
AgCert was one of the companies under XL TechGroup, an incubator nurturing companies in
biotech, ecotech, medtech
under the XL Tech Group incubator in that period include: PetroAlgae,
, and TyraTech.
AgCert was the
of the new XL TechGroup businesses that was floated on the Alternative Investment Market of the London Stock Exchange
XL TechGroup owned
of AgCert International.
AgCert International entered liquidation on 20 June 2012
XL Tech Group has had sucesses in
companies: 5 IPOs and 4 trade sales, creating a market value of
Overview of Investments in AgCert International
In June 2005, AgCert International shares were floated on the Alternative Investment Market of the London Stock Exchange at
, with a valuation of
. By the end of July of the same year, the shares had surged by almost
, and giving the valuation of AgCert International to be
In 2005, "the International Finance Corporation, the private sector arm of the World Bank Group, has provided
equivalent in equity financing to AgCert International PLC."
AES Corp. and AgCert International
"announced the formation of AES AgriVerde, a joint venture designed to deploy AgCert’s greenhouse gas emission reduction technology in selected countries in Asia, Europe and North Africa." AES maintained a majority interest in the joint venture and invested
into the joint venture over the next five years.
AES invested over
equity interest in AgCert.
In 2007, XL Tech Group owned
23.2% (39.2 million shares)
of AgCert International after Laurus Master Fund received
1.5 million shares
of the company.
In 2007, Shareholders approved the issue of over
new shares, which allowed the company to raise
, converting about
in debts into stock and providing it with another
to fund its development.
In 2008, AgCert (AGC.L) crashed nearly
on news that a key deal with a major European trading company had collapsed.
in order to stay in business in 2018.
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