RNS Number : 6712J
Bglobal PLC
09 August 2012
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9 August 2012
BGLOBAL PLC
("Bglobal" or the "Company" or the "Group")
BGLOBAL SIGNS JV AGREEMENT WITH SAMSUNG C&T CORPORATION
Bglobal plc (AIM: BGBL) signed a joint venture agreement (the "JV Agreement") with Samsung C&T Corporation ("Samsung C&T") on 9 August 2012.
The JV Agreement will become binding and effective after certain conditions including the following are satisfied: receiving a firm order from a UK energy supplier for the smart energy solution and the necessary regulatory and internal approvals from Samsung C&T. Therefore, the JV Agreement will become binding and effective when the above conditions are fully satisfied.
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For further information, please visit www.bglobalplc.com or contact:
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Tim Jackson-Smith CEO
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Mark Taylor
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Simon Compton
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Nick Kennedy CFO
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Charles Stanley Securities
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Jack Chub
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Bglobal plc
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Nominated Adviser
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Tavistock Communications
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Tel: 01254 819 600
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Tel: 020 7149 6000
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Tel: 020 7920 3150
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This information is provided by RNS
The company news service from the London Stock Exchange
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