Announcement
TRANSACT: BIF: BIF - Acquires shares in Hot Lime Labs
11:48am
BIF
01/07/2022 11:48
TRANSACT
NOT PRICE SENSITIVE
REL: 1148 HRS Booster Innovation Fund
TRANSACT: BIF: BIF - Acquires shares in Hot Lime Labs
Booster Innovation Fund adds Hot Lime Labs to its investment portfolio
Booster is pleased to announce the addition of Hot Lime Labs to the Booster
Innovation Fund (BIF) portfolio. Hot Lime Labs operates in the materials and
technology sector providing its carbon capture technologies for the
horticulture sector. Using its CO2 capture systems, it specialises in the
conversion of wood biomass into clean CO2 for commercial greenhouses to
increase crop productivity and growth. With its first capital raise in 2017,
Hot Lime Labs is classified as early stage.
BIF made a cash investment of $361,000. Following this transaction (and
issue of additional units to fund the purchase), Hot Lime Labs will represent
3.8% of BIF's investment portfolio of 23 companies, and with a net asset
value of over $9.5m.
Investors can continue to purchase units in BIF on the NZX or can subscribe
for units in the fund as part of the process described in the fund's Product
Disclosure Statement (PDS) that is available at www.booster.co.nz.
For further information regarding BIF visit
https://www.booster.co.nz/booster-investments/booster-innovation-fund.aspx
For more information, please contact:
Gary Scott
Company Secretary
Booster Investment Management Limited
04 8944300
About Booster
Booster Investment Management Limited (Booster) is the manager and issuer of
the Fund, and part of the Booster Group which has been helping New Zealanders
save since 1998. The group currently administers superannuation and
investment funds of over $5 billion on behalf of more than 170,000 New
Zealanders.
BIF is a managed investment fund that invests in early-stage companies
founded on intellectual property originated or developed in New Zealand.
For more information, including a copy of the Product Disclosure Statement
and the net asset value per unit please visit www.booster.co.nz
End CA:00394730 For:BIF Type:TRANSACT Time:2022-07-01 11:48:44
Click here
to view related attachments.
