TIDMREH

RNS Number : 4804G

Renewable Energy Holdings plc

20 November 2015

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

This information is provided by RNS

The company news service from the London Stock Exchange

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November 20, 2015 07:46 ET (12:46 GMT)

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