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Update on funding position

24 Mar 2016 07:00

RNS Number : 1209T
Intelligent Energy Holdings PLC
24 March 2016
 

24 March 2016

(LSE: IEH; ADR: INGYY)

 

 

Intelligent Energy Holdings plc (the "Company")

Update on funding position

 

The Company refers to its announcement on 26 February 2016 which included an update on the Company's proposed funding process.

The Company announces that, in light of recent and unexpected developments in the discussions with various parties, the Company will not be able to complete a funding process, in sufficient quanta, by the end of Q1 2016. Further, at this stage, there can be no certainty that an appropriate funding plan can be implemented at all.

The Company is reviewing all options and further announcements will be made in due course.

Enquiries:

 

Intelligent Energy Holdings plc

Henri Winand, Chief Executive Officer

John Maguire, Chief Financial Officer

 

+44 (0) 1509 271 271

Tulchan Communications

James Macey White

Matt Low

Nick Hennis

 

+44 (0) 207 353 4200

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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