Chelsea club owner and Russian tycoon Roman Abramovich recently injected more than £4.3 million into Oxford Catalysts, an innovative green energy firm spawned out of the Wolfson Catalysis Centre of Oxford University. It mainly engages in small-scale clean synthetic fuel production via Fischer-Tropsch (FT) synthesis.
The AIM-listed company (LSE: OCG) issued an approximate £30.6 million placing at 125 pence per share in mid December. Its stock has risen about 10 per cent since its announcement of placing, with Abramovich’s 3.5 per cent holding being now valued at about £6 million in London Stock Exchange.
Roy Lipski, CEO of Oxford Catalysts Group, acclaimed the success of the placing in a press release: “This oversubscribed fund raising, achieved under difficult market conditions, is a huge vote of confidence in Oxford Catalysts’ technology and potential. We are delighted by the very significant support received from existing shareholders, several new major institutional investors and a new strategic investor.”