ALR Alternative E.

 

TIDMALR 
 
RNS Number : 8576M 
Alternative Energy Limited 
01 June 2010 
 

For immediate release 
                                                                     1 June 2010 
                           Alternative Energy Limited 
                 ("Alternative Energy", "AEL" or the "Company") 
 
                             RESULTS OF AGM AND EGM 
              ALTERNATIVE ENERGY LIMITED ACQUIRES eROOF TECHNOLOGY 
 
                  'NOW THE WORLD HAS AN ALTERNATIVE (TM)' 
 
 
Alternative Energy Limited announces today the completion of its acquisition of 
the "eRoof" alternative energy generating system invented by Chairman 
Christopher Nightingale and the launch of its eSolar and  eWind energy 
generating systems as well as its eLumen and eLumen8 energy saving products. 
 
According to the Company's admission document, and to the independent valuation 
report issued by PA Strategy Partners Ltd, Alternative Energy's eRoof system, 
which enables the combination of wind and solar power as well as the practical, 
efficient and cost effective generation of clean energy on individual buildings, 
represents a novel solution. 
 
The Company's stated objective is to offer a decentralised individual, clean, 
energy generating system for the roof of any individual building, described as 
"the PC of energy" in order to provide a viable alternative to traditional 
fossil fuel centralised energy generating systems. The Company is also offering 
energy saving products, such as LED light bulbs and street lights in order to 
address the requirement to replace traditional incandescent bulbs with clean 
energy saving alternatives following recent legislation. 
 
Chairman Christopher Nightingale said "Alternative Energy has been monitoring 
the development of the eRoof system over the past three years and is satisfied 
that it now has a technically and commercially viable product. Our base in 
Singapore and high quality engineering team has enabled us to produce a 
practical, efficient and cost effective system for clean energy generation. We 
will now look to roll out this, and our energy saving products, around the world 
through an international network of high quality distributors". 
 
At the Extraordinary General Meeting and Annual General Meeting held yesterday 
all resolutions were passed.  Accordingly, 199,999,999 Ordinary Shares have been 
issued as initial consideration for the patents acquired from Dragon Energy Pty. 
Application has been made for 199,999,999 new Ordinary Share Capital to be 
admitted to trading on AIM, and it is expected that admission will become 
effective and trading in the new Ordinary Share Capital on AIM will commence on 
2 June 2010. The Enlarged Share Capital is now 1,377,999,597 Ordinary Shares. 
 
As a result of this share issue Perfection Group Limited, Mr Nightingale's 
wholly owned holding company, has an interest in 607,041,479 Ordinary Shares 
representing 44.05 per cent of the Company's Enlarged Share Capital. 
 
ENDS 
 
For further information, please see the Company's website: 
www.alternativenergy.com.sg or please contact: 
 
Alternative Energy Limited 
Eric Goh, Director 
+65 9060 1355 
 
Richard Lascelles, Director 
Tel: 020 7408 1067 
 
Beaumont Cornish Limited 
Roland Cornish 
Tel: 020 7628 3396 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCFBMBTMBAMBMM 
 

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