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Last checked at 
14 May 2013 10:46
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SeaEnergy PLC
("SeaEnergy" or the "Company")
14 May 2013
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Sale of SeaEnergy Renewables Limited
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On 29 June 2012, the Company announced that, pursuant to the Sale and Purchase Agreement ("SPA") dated 4 June 2011 between the Company and Repsol Nuevas Energias S.A. ("Repsol"), Repsol had intimated a warranty claim amounting to Β£849,000, and that Repsol had withheld that amount from the retention payment due to the Company on 28 June 2012 until the claim was resolved.
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The Company has today received payment in full of the withheld amount plus interest and no further claims remain outstanding or notified against either party.
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All amounts due to the Company under the SPA have now been received.
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For further information contact:
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SeaEnergy PLC Chris Moar - Finance Director | +44 1224 748480 |
Investec Bank plc - NOMAD James Grace, David Flin | +44 20 7597 4000 |
Pelham Bell Pottinger - Public Relations Mark Antelme, Rollo Crichton-Stuart | +44 20 7861 3232 |
www.seaenergy-plc.com |
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