Timeline of events: Aegis Power Bonds
2013 - FormationAegis Power
appears as a company, set up to use investor money to create renewable energy sources.
2015 - Beaufort Securities
At some point, Aegis Power ended up becoming part of some of Beaufort Securities
‘ investment portfolios, despite being a high-risk investment.
2016 - Suspension
In January 2016, disputes between board members resulted in one director being dismissed for gross misconduct.
On Friday the 3 June 2016, Aegis Power was suspended from trading on the Cyprus Stock Exchange, due to “Non submissions and publication” of its annual financial reports.
2017 - LiquidationBy September 2017, the Liquidators were called in, and Aegis Power was officially headed for history.
2018 - Liquidation UpdateIn November 2018, an update was provided that explained how 2 firms (Aegis Wind Finance No1 Limited, and Aegis Investments Nominee Limited), both owed money to Aegis Power Limited, totalling £97,250. Both firms are in administration at the time of the report.