20 Nov 2015 12:46
Renewable Energy Holding PLC
("REH" or the "Company")
Decision of Secretary of State for Energy and Climate Change re Mynydd y Gwynt
Suspension of Shares on AIM
REH is disappointed to report that the Secretary of State for Energy and Climate Change has today announced that she has declined the Application for Development Consent for the Mynydd y Gwynt wind farm. The Company is carefully considering the details of the decision along with the Examiner's Report and will be discussing matters with its principal creditor, Utilico Limited ("Utilico"), to determine whether the Company can remain trading in light of this decision, especially as the debt to Utilico is due for repayment by 31 December 2015. Pending resolution of these discussions the trading of the Company's shares on AIM is suspended. The Company will be making further announcements in due course.
The Secretary of State's consent decision letter and the Examiner's report of recommendation have been published on the Planning Inspectorates project website, the link to which is set out below.
http://infrastructure.planningportal.gov.uk/projects/wales/mynydd-y-gwynt-wind-farm/
Enquiries:
Renewable Energy Holdings plc: | |
David Weir (Chairman) Clive Callister (Chief Operating Officer) | +44 (0) 1624 641199 |
Strand Hanson Limited: | +44 (0)20 7409 3494 |
Rory Murphy/James Spinney |