React Energy PLC Further re Corporate Update (1812S)
04 July 2015 - 1:52AM
UK Regulatory
TIDMREAC
RNS Number : 1812S
React Energy PLC
03 July 2015
3 July 2015
REACT Energy plc
("REACT" or the "Company")
Corporate Update
Further to the announcement of 29 June 2015 the Company
announces that in line with his statutory duty, the Examiner
appointed to REACT (and its related companies) today presented
proposals for a scheme of arrangement (the "Scheme") to reconvened
meetings of the Company's shareholders and creditors. The proposed
Scheme was unanimously approved by shareholders present and by a
significant majority of creditors present.
The Examiner will now go to the High Court in Ireland to lodge
the Scheme, the results of the meetings of shareholders and
creditors and the recommendations of the Examiner with the
Court.
Further updates will be provided in due course.
- Ends -
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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