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Kedco Regulatory News (KED)



Regulatory News for Kedco (KED)


Share Price: 0.80Bid: 0.75Ask: 0.90Change: 0.00 (0.00%)No Movement on Kedco
Spread: 0.15Spread as %: 20.00%Open: 0.80High: 0.84Low: 0.75Yesterday’s Close: 0.80





Kedco JV receives EIS boost

Wed, 4th Apr 2012 16:08

RNS Number : 8548A
Kedco PLC
04 April 2012
 

?

Press Release

04 April 2012

 

Kedco plc

 

("Kedco" or the "Company")

 

Kedco JV receives EIS boost

 

Kedco, (AIM:KED) the renewable energy group focusing on the production of clean energy in the UK and Ireland, is pleased to announce that its joint venture company Newry Biomass Limited ("NBL") has received provisional assurance from HM Revenue and Customs that NBL would be authorised to issue shares under the Enterprise Investment Scheme (EIS) following receipt of a properly completed EIS1.

 

Gerry Madden CEO of Kedco commented:

 

"The Enterprise Investment Scheme is becoming an increasing part of the UK Coalition Government's 'growth agenda', a key economic policy. This provisional assurance for Kedco's biomass plant is in our view a perfect fit between this growth agenda and the UK Government's stated commitment to supporting renewables in the long term."

 

- Ends -

 

For further information:

Kedco plc

+353 (0)21 483 9104

Gerry Madden, Interim CEO and Finance Director


Deloitte Corporate Finance - Nomad

+44 (0)20 7936 3000

Jonathan Hinton/David Smith


SVS Securities plc - Broker

+44 (0)20 7638 5600

Ian Callaway / Alex Mattey


Abchurch Communications

+44 (0)20 398 7714

Ashleigh Lezard/Oliver Hibberd


oliver.hibberd@abchurch-group.com


 

Note to Editors:

 

Kedco plc's business strategy is to identify, develop, build, own and operate biomass electricity and heat generation plants in the UK and Ireland. These plants will contribute to the need for sustainable energy from renewable sources.  Kedco also operates a biomass wood processing facility in Latvia.

 

The Company possesses significant knowledge of renewable energy markets, advance conversion technologies, biomass and waste fuel sources, project development, project finance and project delivery.

 

Kedco was admitted to trading on AIM, a market operated by the London Stock Exchange, in October 2008 (AIM:KED).

 

www.kedco.com

 


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




DateSourceHeadlineCategory
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28-Mar-13 07:00RNSInterim ResultsResults and Trading Reports
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21-Jan-13 07:00RNSCo-development agreement for 30MW of wind energyCompany Announcement - General
14-Jan-13 07:00RNSHeads of terms for new 25MW biomass projectCompany Announcement - General
21-Dec-12 07:00RNSCompletion of acquisition of Reforce Energy LtdCompany Announcement - General
19-Dec-12 12:44RNSResult of AGMResults and Trading Reports
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09-Nov-12 11:35RNSVCT funding term sheet for Newry PlantCompany Announcement - General
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19-Sep-12 07:00RNSAppointment of Chief Executive OfficerCompany Announcement - General
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10-Sep-12 07:00RNSKedco Proposed RestructuringCompany Announcement - General
02-Jul-12 07:00RNSUpdate re financingCompany Announcement - General
27-Jun-12 07:00RNSInitial Commissioning of Kedco's Newry PlantCompany Announcement - General
10-May-12 07:00RNSOpening Day for Newry PlantCompany Announcement - General
01-May-12 07:00RNSPlacing to raise £166,860Company Announcement - General
25-Apr-12 17:22RNSIssue of EquityCompany Announcement - General
04-Apr-12 16:08RNSKedco JV receives EIS boostCompany Announcement - General
28-Mar-12 07:00RNSInterim ResultsResults and Trading Reports
01-Mar-12 07:00RNSPublic Exhibition for proposed Rutland facilityCompany Announcement - General


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