Bglobal Regulatory News (BGBL)



Regulatory News for Bglobal (BGBL)


Share Price: 6.375Bid: 5.75Ask: 6.25Change: 0.375 (+6.25%)Riser - Bglobal
Spread: 0.50Spread as %: 8.70%Open: 6.00High: 6.00Low: 5.9975Yesterday’s Close: 6.00





JV signed with Samsung C&T Corporation

Thu, 9th Aug 2012 09:10

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.

- ends -

For further information, please visit www.bglobalplc.com or contact:

 

Tim Jackson-Smith CEO

Mark Taylor

Simon Compton

Nick Kennedy CFO

Charles Stanley Securities

 Jack Chub

Bglobal plc

Nominated Adviser

 Tavistock Communications

Tel:  01254 819 600

Tel:  020 7149 6000

 Tel:  020 7920 3150

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Related Shares: Bglobal (BGBL).




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