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2 Jun 2015 07:00
2 June 2015
Renewable Energy Generation Limited
ZDP Timetable
Renewable Energy Generation Limited (the "Company") notes recent press speculation that the Department of Energy and Climate Change may shortly publish plans to make changes to the Renewables Obligation regime. The Company intends to review its proposed Zero Dividend Preference Share Issue ("ZDP") in light of such plans and consequently there will now be a delay to the Expected Timetable announced on 14 May 2015. The EGM called for 8 June 2015 to obtain shareholder consents in relation to the ZDP issue will be adjourned.
A further announcement, incorporating an updated timetable, will be made in due course.
Capitalised terms used but not defined in this announcement shall, unless the context requires otherwise, have the same meaning as in the Shareholder Circular published on 14 May 2015.
Enquiries:
Renewable Energy Generation Limited Andrew Whalley, Chief Executive Officer David Crockford, Finance Director Ian Lawrence, Communications Manager | +44 (0)1483 901 796 |
Cenkos (Placing Agent and Financial Adviser) Sapna Shah Phil Higgs | +44 (0)20 7397 8900 |
Smith & Williamson Corporate Finance Limited (Nominated Adviser) Martyn Fraser | +44 (0)117 376 2213 |
St Brides Partners (Public Relations) Felicity Winkles Frank Buhagiar | +44 (0)20 7236 1177 |
Notes to editors
Renewable Energy Generation Ltd (REG) is an AIM listed renewable energy group. Its main business is the development, construction and operation of wind farms and generating power from refined used cooking oil.
REG Windpower: based in Truro, Bath and Guildford, UK, it currently operates 11 wind projects in Cambridgeshire, Cornwall, County Durham, Yorkshire, Lancashire, Cumbria and Gwynedd, with a total capacity of 34.7MW as well as 5 projects on behalf of its partner BlackRock totalling 46MW. REG has around 200MW of projects in the planning system awaiting consent.
REG Bio-Power UK Ltd: based in Nottingham, UK: it operates 26MW of electricity generation plant powered by fuel recovered from 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).
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