News blog

Radicle Projects

  • BY: Andrew Hore |
  • POSTED: 09/06/2008 |

Radicle Projects is spinning off a new timber investment company on Aim.

Radicle Timber will invest in plantation forest assets that can be developed on a sustainable basis in Australia and Asia Pacific. Blue Oar will be its nominated adviser and broker.

Radicle Projects invests in Australian agricultural projects growing a range of crops including almonds, grapes for wine and olives. It will inject around £10m worth of forestry assets into Radicle Timber. They include more than 600 acres of Paulownia, 210 hectares of silky oak and she-oak forests and 23 one hectare units of eucalyptus. Radicle Projects, new subsidiary Radicle Investment Management will be Radicle Timber’s investment manager.

Radicle Timber plans to raise up to £40m and it will be quoted on Aim and the Channel Islands Stock Exchange. That is more than three times the size of Radicle Projects, which is valued at £12.3m at 64.5p a share.

Radicle Projects will place some of the shares it receives for its timber assets and expects to retain a 15%-20% stake in Radicle Timber.

© 2021 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds