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12 May 2010 07:00
Press Release 12 May 2010
Renewable Energy Generation Limited
("REG" or the "Group")
First receipt of deferred consideration on the Sale of AIM PowerGen Corp.
Renewable Energy Generation (AIM: WIND), the UK renewable energy group, today announces the receipt of Cdn$16.9m (£10.2m), being the first tranche of deferred consideration received on the sale of its Canadian subsidiary, AIM PowerGen Corporation.
The cash receipt reduces the balance of deferred consideration to Cdn$9.9m.
ENDS
Enquiries:
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Renewable Energy Generation Limited Andrew Whalley, Chief Executive Officer David Crockford, Finance Director
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+44 (0)1483 901 790 |
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Smith & Williamson Corporate Finance Limited (Nominated Adviser) Nick Reeve / Martyn Fraser
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+44 (0)117 376 2213 |
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Piper Jaffray Limited - Corporate Broker Jens Rosebrock / Charlie Lilford
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+44 (0)203 142 8700 |
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Hogarth Partnership Sarah MacLeod, Julian Walker, Vicky Watkins
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+44 (0)20 7357 9477 |
Notes to Editors:
Renewable Energy Generation Ltd (REG) is a UK-focused renewable energy group. The Group's main business is the development, construction and operation of wind farms. It also generates power from refined used cooking oil. Headquartered in Jersey, REG was admitted to trading on AIM, a market operated by the London Stock Exchange, in May 2005 (AIM: WIND).
www.renewableenergygeneration.co.uk
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