First receipt of deferred consideration
May 12 2010 - 2:00AM
UK Regulatory
TIDMWIND
RNS Number : 7494L
Renewable Energy Generation Ltd
12 May 2010
Press Release
12 May 2010
Renewable Energy Generation Limited
("REG" or the "Group")
First receipt of deferred consideration on the Sale of AIM PowerGen Corp.
Renewable Energy Generation (AIM: WIND), the UK renewable energy group, today
announces the receipt of Cdn$16.9m (GBP10.2m), being the first tranche of
deferred consideration received on the sale of its Canadian subsidiary, AIM
PowerGen Corporation.
The cash receipt reduces the balance of deferred consideration to Cdn$9.9m.
ENDS
Enquiries:
+------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+---------------+
| Renewable | +44 (0)1483 |
| Energy | 901 790 |
| Generation | |
| Limited | |
| Andrew | |
| Whalley, | |
| Chief | |
| Executive | |
| Officer | |
| David | |
| Crockford, | |
| Finance | |
| Director | |
| | |
+------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+---------------+
| Smith & Williamson Corporate Finance Limited | +44 (0)117 |
| (Nominated Adviser) | 376 2213 |
| Nick Reeve / Martyn Fraser | |
| | |
+------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+---------------+
| Piper Jaffray Limited - Corporate Broker | +44 (0)203 |
| Jens Rosebrock / Charlie Lilford | 142 8700 |
| | |
+------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+---------------+
| Hogarth Partnership | +44 (0)20 |
| Sarah MacLeod, Julian Walker, Vicky Watkins | 7357 9477 |
| | |
+------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+---------------+
Notes to Editors:
Renewable Energy Generation Ltd (REG) is a UK-focused renewable energy group.
The Group's main business is the development, construction and operation of wind
farms. It also generates power from refined used cooking oil. Headquartered in
Jersey, REG was admitted to trading on AIM, a market operated by the London
Stock Exchange, in May 2005 (AIM: WIND).
www.renewableenergygeneration.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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