13 Nov 2015 07:00
Renewable Energy Generation Limited ("the Company" or "REG")
Update on approach for business and assets
Further to the announcement on 9 October 2015 titled "Approach for business and assets" the Company announces that it remains in discussions with the potential buyer with a view to agreeing the terms of an offer for its trading subsidiaries, representing the business, assets and undertakings of REG ("the Assets"). The Board anticipate receipt of a formal offer following conclusion of the buyer's due diligence into the Assets, which is nearing completion. A further announcement will be made in due course.
Publication of REG's annual results will accompany the circular convening a General Meeting at the point Shareholders are asked to consider the proposals. Otherwise they will be released in due course in accordance with REG's obligations under the AIM Rules for Companies.
For further information please visit www.renewableenergygeneration.co.uk or contact the following:
Andrew Whalley Chief Executive Officer | Renewable Energy Generation Ltd | +44 (0)1483 901 796 |
David Crockford Finance Director | Renewable Energy Generation Ltd | +44 (0)1483 901 796 |
Bobbie Hilliam
| Cenkos (Broker) | +44 (0)20 7397 8900 |
Martyn Fraser, Sara Thompson
| Smith & Williamson Corporate Finance Limited (Nominated Adviser and Financial Adviser to the Independent Directors) | +44 (0)117 376 2213 |