RPL Renewable Power

 

TIDMRPL 
 
RNS Number : 8426B 
Renewable Power and Light Plc 
03 November 2009 
 

Renewable Power & Light plc 
('RPL' or 'the Company') 
Posting of Circular - Second Reduction of Share Premium Account 
 
 
3 November 2009 
 
 
The Company announces that further to the announcement made on 26 October 2009, 
a circular convening a general meeting of shareholders (the 'Circular') has been 
posted to shareholders. The purpose of the general meeting is to seek the 
relevant approvals in respect of the proposed Second Return of capital of 8 
pence per RPL share (and the associated proposed Second Reduction of Share 
Premium Account). 
 
 
The general meeting, will be held at 9 Queen Street, London, W1J 5PE, United 
Kingdom at 10.00am on 18 November 2009. The full notice, contained in the 
circular, is available to be downloaded from the Company's website 
(www.rplplc.com). 
 
 
Estimated timetable for principal events 
+-----------------------------------------+-------------------------+ 
| Event                                   | Date                    | 
|                                         |                         | 
+-----------------------------------------+-------------------------+ 
| Latest Time and Date for Receipt of     | 16 November 2009        | 
| Forms of Proxy                          | (10.00 am)              | 
|                                         |                         | 
+-----------------------------------------+-------------------------+ 
| Date of GM                              | 18 November 2009        | 
|                                         | (10.00 am)              | 
|                                         |                         | 
+-----------------------------------------+-------------------------+ 
| Estimated Date for Start of Court       |  27 November 2009       | 
| Process                                 |                         | 
|                                         |                         | 
+-----------------------------------------+-------------------------+ 
| Estimated Record Date to be registered  | 8 December 2009 (5.00   | 
| as a shareholder to be eligible to      | pm)                     | 
| receive the Second Return               |                         | 
+-----------------------------------------+-------------------------+ 
| Estimated Date for Court Hearing to     |  9 December 2009        | 
| confirm the Share Premium Reduction     |                         | 
+-----------------------------------------+-------------------------+ 
| Estimated Effective Date for Share      |  10 December 2009       | 
| Premium Reduction                       |                         | 
+-----------------------------------------+-------------------------+ 
The terms in this announcement are as defined in the Circular. 
 
 
For further information, please contact: 
 
 
Renewable Power & Light plc 
Tim HunstadTelephone: +1 952 746 0393 
 
 
Grant Thornton Corporate Finance (Nomad) 
Gerald BeaneyTelephone: +44 20 7569 9650 
 
 
 
 
Dealing Disclosure Requirements 
 
 
Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the 
'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in 
1% or more of any class of 'relevant securities' of RPL, all 'dealings' in any 
'relevant securities' of that company (including by means of an option in 
respect of, or a derivative referenced to, any such 'relevant securities') must 
be publicly disclosed by no later than 3.30pm (London time) on the London 
business day following the date of the relevant transaction. 
 
 
This requirement will continue until the date on which the offer becomes, or is 
declared, unconditional as to acceptances, lapses or is otherwise withdrawn or 
on which the 'offer period' otherwise ends. If two or more persons act together 
pursuant to an agreement or understanding, whether formal or informal, to 
acquire an 'interest' in 'relevant securities' of RPL, they will be deemed to be 
a single person for the purpose of Rule 8.3. Under the provisions of Rules 8.1 
of the Code, all 'dealings' in 'relevant securities' of RPL by a potential 
offeror, or RPL, or by any of their respective 'associates', must be disclosed 
by no later than 12.00 noon (London time) on the London business day following 
the date of the relevant transaction. 
 
 
A disclosure table, giving details of the companies in whose 'relevant 
securities' 'dealings' should be disclosed, and the number of such securities in 
issue, can be found on the Takeover Panel's website 
at www.thetakeoverpanel.org.uk. 
 
 
'Interests in securities' arise, in summary, when a person has long economic 
exposure, whether conditional or absolute, to changes in the price of 
securities. In particular, a person will be treated as having an 'interest' by 
virtue of the ownership or control of securities, or by virtue of any option in 
respect of, or derivative referenced to, securities. 
 
 
Terms in quotation marks are defined in the Code, which can also be found on the 
Panel's website. If you are in any doubt as to whether or not you are required 
to disclose a 'dealing' under Rule 8, you should consult the Panel. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCIIFIALFLVIIA 
 

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