Shares in Scottish battery maker Amte Power resumed trading on the AIM market on Tuesday following overwhelming approval from its general meeting for its financial turnaround. It had said shareholder approval was required to avoid entering into administration, as we reported.
New shares have been issued and were trading at 1.74p this morning. In November, they were changing hands for 75p.
On 13 September, the London Stock Exchange announced a suspension of trading in Amte’s ordinary shares due to deterioration in settlement performance of the shares.
The company makes lithium-ion and sodium-ion battery cells for the electric vehicle industry and energy storage sector. It is planning a gigafactory in Dundee, Scotland.