Last checked at 11 Jun 2015 11:58
11 June 2015
REACT Energy plc
("REACT" or the "Company")
Corporate Update
Further to the announcements of 20 May 2015, 3 June 2015 and 8 June 2015 the Company announces that in line with his statutory duty, the Examiner appointed to REACT (and its related companies) yesterday presented proposals for a scheme of arrangement (the "Scheme") to the Company's shareholders and creditors. The proposed scheme was unanimously approved by shareholders present and by the required majority of creditors present.
The Examiner will now go to the High Court in Ireland to seek approval for the Scheme.
Further updates will be provided in due course.
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For further information:
REACT Energy plc | +353 (0)21 2409 056 |
Gerry Madden/Brendan Halpin | |
Shore Capital - Nomad & Broker | +44 (0)20 7408 4090 |
Pascal Keane / Anita Ghanekar |
About REACT
REACT Energy plc is committed to operating clean electricity and heat generation plants in the UK and Ireland.
The Company identifies, builds owns and operates plants and possesses significant knowledge of energy markets, clean technologies, fuel sources, project development, project finance and project delivery.
REACT currently has four operational clean energy plants generating revenue from the sale of electricity and heat.
The generation of clean electricity and heat from sustainable sources has the potential to address the key energy challenges of energy security and carbon commitment and provide strong returns on capital employed.
The company is listed on AIM and trades as REAC.www.reactenergyplc.com