EQT Eqtec Plc

 

TIDMKED 
 
RNS Number : 3225N 
Kedco PLC 
13 February 2009 
 

13 February 2009 
 
 
Kedco plc 
 
 
("Kedco" or the "Company") 
 
 
 
 
Result of Extraordinary General Meeting 
 
 
Kedco, the Irish-based energy group focusing on green-energy production in the 
UK and Ireland, announces that, at the Extraordinary General Meeting held today, 
all resolutions were duly passed by the Company's shareholders. 
 
 
Full details of the resolutions are set out in the notice of Extraordinary 
General Meeting contained in the circular of the Company dated 20 January 2009. 
 
 
In addition, the Company is pleased to announce it has raised EUR967,556 (before 
expenses) from a selection of institutional investors. The proceeds from the 
placing will be used to develop further projects, as the business continues to 
deliver its strategy of identifying joint venture partners for its waste to 
energy solutions in the UK and Ireland. 
 
Pursuant to the placing, an application has been made for the admission of a 
further 6,450,373 new ordinary shares to trading on AIM. These shares, which 
will be issued fully paid, will rank pari passu in all respects with the 
existing ordinary shares of the Company. 
 
 
Admission of the shares to trading on AIM is expected to occur on 19 February 
2009. 
 
 
As a result of the issue, the total number of voting rights as at 19 February 
2009 will increase to 205, 896,853. This figure should be used by shareholders 
as the denominator for the calculations by which they will determine if they are 
required to notify their interest in, or a change to their interest in the 
Company, under the FSA's Disclosure and Transparency Rules. 
 
 
Donal Buckley, Chief Executive said: 
 
 
"We are delighted to have raised this money, especially given the current 
economic uncertainty and unusually difficult trading environment.  The money we 
raised through a private placement before our admission to AIM is currently 
funding our two live projects and this new money will provide important capital 
for the next phase of our development programme." 
 
 
- Ends - 
 
 
For additional information please contact: 
 
 
Financial Dynamics - London                              +44 (0)20 7831 3113 
Edward Westropp / James Melville-Ross / Alex Beagley 
 
 
Deloitte Corporate Finance - Nomad                       +44 (0)20 7936 3000 
Jonathan Hinton / David Smith 
 
 
Lewis Charles Securities                                     +44 (0)20 7456 9100 
Kealan Doyle / Nicholas Nicolaides 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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