RE: RNS OUT - BINDING £31M JVA12 Jul 2023 14:38
Put in this way they own 56% shareholding in MAST, and they’ve just had JV Investor putting in £31 M..MED share price now at 2.2p…done catching up to do here!
Under the JVA, the Institutional Investor will inject all required capital into the joint venture ('JV'), with an expected total investment value of c. GBP31 million, with no funding contribution from MED. MED will provide the required portfolio of low-carbon flexible gas generation peaker plants totalling a combined generation output of up to c. 33 MW to be developed and/or acquired within the next 12 months.