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Rame powers up to AIM
Apr 04, 2014

Rame Energy Plc, the parent company of an international group of companies that work as energy consultants, engineers and power project developers, joined AIM today. The company raised £2,100,000 by way of a placing of new shares and the issue of convertible loan notes.
 
Rame’s expertise lies in energy sources such as wind, diesel and solar. The company now intends to operate its own power projects, with a focus on providing energy directly to large industrial consumers.
 
Members of the Group have provided project management and engineering, procurement and construction services to the energy related market globally since early 2005. Since establishing an office in Santiago in 2006 under the trading name of Seawind, the Group has been at the forefront of wind power development in the country, developing and implementing power solutions for many of Chile’s major mining and industrial corporations, including Barrick Gold, Anglo American, Antofagasta Minerals and Codelco.
 
In Central and Southeast Asia, the Group provided consultancy services for development of wind energy projects in countries including Pakistan, Myanmar, and Thailand.
 
Rame is now capitalising on its energy sector expertise to own and operate power generation projects, initially in Chile but with plans for global expansion as dictated by the needs of its clients. Rame plans to become a niche independent power producer, taking full advantage of opportunities created by increasing energy costs and demands in power intensive industrial activities such as mining.
 
Rame’s Directors consider that AIM is an appropriate platform to support the continued growth and the vertical integration of the Group into owning and operating power generating assets, to increase its international profile, to diversify the investor base and to provide liquidity.
 
Crowe Clark Whitehill acted as reporting accountant to the transaction, with its capital markets team led by Robin Stevens, Chulanga Jayawardana and Leonor Lee.
 
Robin Stevens, partner at Crowe Clark Whitehill, said:
“We are delighted to have supported Rame through the AIM admission process and we very much look forward to working with the team during the next phase of the Group’s development in the UK and internationally.”

Jan Gawal, CFO of Rame Energy Plc, said:
“Crowe Clark Whitehill was a key part of our IPO advisor team and have provided constructive advice throughout our working relationship. We would recommend them to other companies seeking an admission to AIM.”