React Energy PLC Issue of Equity (0311D)
October 21 2015 - 11:56AM
UK Regulatory
TIDMREAC
RNS Number : 0311D
React Energy PLC
21 October 2015
REACT Energy plc
("REACT" or the "Company")
Issue of Equity
Further to the announcement on 16 October 2015, REACT announces
that the Company has today been notified by the Concert Party of
the exercise of its rights under the Equity Kicker. Under the terms
of the Equity Kicker set out in the Circular dated 22 September
2015, the Company will issue the maximum 7,000,000 Ordinary Shares
to the Concert Party.
Following issue of the Ordinary Shares, the Concert Party will
hold in total 7,204,545 Ordinary Shares, representing 9.59% of the
enlarged issued share capital of the Company (as enlarged by the
Equity Kicker).
The new Ordinary Shares, will be issued, fully paid and will
rank pari passu in all respects with the existing ordinary shares
of REACT. Application will be made for the new Ordinary Shares to
be admitted to trading on AIM, with admission of the new Ordinary
Shares expected to occur on or around 27 October 2015.
As a result of the issue of Ordinary Shares under the terms of
the Equity Kicker, REACT's total issued and voting share capital
will comprise 75,140,494 ordinary shares. Shareholders should use
this figure as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in the Company, under the FCA's
Disclosure and Transparency Rules.
All capitalised terms are as defined in the Circular.
For further information:
+353 (0)21 2409
REACT Energy plc 056
Gerry Madden / Brendan Halpin
+44 (0)20 7408
Shore Capital - Nomad & Broker 4090
Pascal Keane / Anita Ghanekar
About REACT:
REACT Energy plc is committed to operating clean electricity and
heat generation plants in the UK and Ireland. The Company
identifies, builds owns and operates plants and possesses
significant knowledge of energy markets, clean technologies, fuel
sources, project development, project finance and project delivery.
REACT currently has four operational clean energy plants generating
revenue from the sale of electricity and heat. The generation of
clean electricity and heat from sustainable sources has the
potential to address the key energy challenges of energy security
and carbon commitment and provide strong returns on capital
employed.
The company is listed on AIM and trades as
REAC.www.reactenergyplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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