React Energy PLC Further re Corporate Update (9164P)
June 11 2015 - 6:58AM
UK Regulatory
TIDMREAC
RNS Number : 9164P
React Energy PLC
11 June 2015
11 June 2015
REACT Energy plc
("REACT" or the "Company")
Corporate Update
Further to the announcements of 20 May 2015, 3 June 2015 and 8
June 2015 the Company announces that in line with his statutory
duty, the Examiner appointed to REACT (and its related companies)
yesterday presented proposals for a scheme of arrangement (the
"Scheme") to the Company's shareholders and creditors. The proposed
scheme was unanimously approved by shareholders present and by the
required majority of creditors present.
The Examiner will now go to the High Court in Ireland to seek
approval for the Scheme.
Further updates will be provided in due course.
- Ends -
For further information:
+353 (0)21 2409
REACT Energy plc 056
Gerry Madden/Brendan Halpin
+44 (0)20 7408
Shore Capital - Nomad & Broker 4090
Pascal Keane / Anita Ghanekar
About REACT
REACT Energy plc is committed to operating clean electricity and
heat generation plants in the UK and Ireland.
The Company identifies, builds owns and operates plants and
possesses significant knowledge of energy markets, clean
technologies, fuel sources, project development, project finance
and project delivery.
REACT currently has four operational clean energy plants
generating revenue from the sale of electricity and heat.
The generation of clean electricity and heat from sustainable
sources has the potential to address the key energy challenges of
energy security and carbon commitment and provide strong returns on
capital employed.
The company is listed on AIM and trades as
REAC.www.reactenergyplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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