React Energy PLC Result of EGM (5529C)
October 16 2015 - 8:47AM
UK Regulatory
TIDMREAC
RNS Number : 5529C
React Energy PLC
16 October 2015
REACT Energy plc
("REACT" or the "Company")
Result of Extraordinary General Meeting ("EGM")
Approval of waiver of obligations under Rule 9 of the Irish
Takeover Rules
REACT is pleased to announce that at the EGM held earlier today,
the resolution to approve on a poll, the waiver under Rule 9 of the
Irish Takeover Rules, was passed.
The Concert Party currently holds 204,545 ordinary shares in the
Company and accordingly were the Concert Party to exercise its
rights under the Equity Kicker and Warrants, then the Concert Party
would hold a maximum of 55,713,369 ordinary shares in the Company,
representing 45.06% of the enlarged issued share capital of the
Company.
The full text of the resolution can be found in the notice of
the EGM in the Circular published by the Company on 22 September
2015 and on the Company's website www.reactenergyplc.com.
All capitalised terms are as defined in the Circular.
For further information:
+353 (0)21
REACT Energy plc 2409 056
Gerry Madden / Brendan Halpin
+44 (0)20
Shore Capital - Nomad & Broker 7408 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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