React Energy PLC Further re Winding up KFL (8974S)
30 September 2014 - 12:18AM
UK Regulatory
TIDMREAC
RNS Number : 8974S
React Energy PLC
29 September 2014
29 September 2014
REACT Energy plc
("REACT" or the "Company")
Winding up of Kedco Fabrication Limited
Further to the announcement on 12 September 2014, REACT Energy
plc (AIM: REAC), the energy infrastructure developer and operator
which focuses on the production of clean energy in the UK and
Ireland today announces that following shareholder and creditor
meetings held on 29September 2014, Kedco Fabrication Limited
("KFL"), which is a direct subsidiary of REACT, entered into
creditors' voluntary liquidation following the appointment of a
liquidator to the company.
Pursuant to Rule 17 of the AIM Rules for Companies (the "AIM
Rules"), the following disclosure falls to be disclosed under
Schedule Two, paragraph (g) of the AIM Rules: the directors of
Kedco Fabrication Limited are Gerry Madden and Brendan Halpin who
are also directors of REACT.
The total amount of net debt owed by KFL to creditors is GBP1.5
million of which GBP1.4 million is owed to REACT.
As from 29 September 2014, the balance sheet of KFL will no
longer be consolidated into the reported results of REACT.
- Ends -
For further information:
+353 (0)21 483
REACT Energy plc 9104
Gerry Madden / Brendan Halpin
+44 (0)20 7408
Shore Capital - Nomad & Broker 4090
Pascal Keane / Anita Ghanekar
+44 (0)7747 788
Yellow Jersey PR Limited - Public Relations 221
Dominic Barretto / Anna Legge
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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