EQT Eqtec Plc

 

TIDMKED 
 
RNS Number : 6819S 
Kedco PLC 
22 May 2009 
 

22 May 2009 
 
 
Kedco plc 
 
 
("Kedco" or the "Company") 
 
 
Placing 
 
 
Kedco, the Irish-based energy group focusing on green-energy production in the 
UK and Ireland, is pleased to announce that it has raised EUR0.3 million (before 
expenses) from a variety of investors (the "Placing"). The proceeds from the 
Placing will be used by Kedco to develop identified opportunities for joint 
ventures. 
 
Pursuant to the Placing, an application has been made for the admission of a 
further 1,565,761 new ordinary shares to trading on AIM (the "Placing Shares"). 
The Placing Shares, which will be issued fully paid, will rank pari passu in all 
respects with the existing ordinary shares of the Company. Placees for each of 
the Placing Shares will also receive a warrant to subscribe for one new ordinary 
share at a price of 29 cents exercisable at any time during the two year period 
of issue. 
 
 
Admission of the Placing Shares to trading on AIM is expected to occur on 28 May 
2009. 
 
 
As a result of the issue, the total number of voting rights as at 28 May 2009 
will increase to 207,462,614. 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 pleased with our continuing ability to raise funds in the current 
economic environment from an investor base which understands our business model 
and shares our ambition. These new funds will be used as capital for the next 
phase of our development programme. We look forward to updating the market with 
our progress in due course." 
 
 
- Ends - 
 
 
For additional information please contact: 
 
 
Financial Dynamics - London          +44 (0)20 7831 3113 
Matt Dixon / Edward Westropp / 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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