MAST RNS5 Oct 2022 08:11
Mast Energy Developments PLC, the UK-based multi-asset owner and operator in the rapidly growing Reserve Power market, announces today that it has exchanged final documentation and completed ("the Completion") the de?nitive Sale and Purchase Agreements ("SPA's") to acquire the entire share capital of ARL 018 Limited and ADV 001 Limited (the "SPV's"), two UK companies whose principal assets are the Stather Road ("Stather") and Hindlip Lane ("Hindlip") reserve power projects respectively (the "Projects"). The SPV's were acquired from DKE Flexible Energy Limited (the "Seller"), a wholly owned subsidiary of Dukemount Capital PLC (LON: DKE).