TIDMGSH

RNS Number : 0161I

Green & Smart Holdings plc

16 March 2018

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

16 March 2018

Green & Smart Holdings plc

("Green & Smart" or "G&S" or "the Company")

Update on Financing Discussions

Green & Smart Holdings plc (AIM: GSH), a renewable energy company generating power from biogas captured through the treatment of palm oil mill effluent ("POME") in Malaysia, previously announced that it was in negotiations with local financial partners. The Company is pleased to report that it has received an indicative offer letter from a potential new institutional investor to subscribe for approximately ten per cent. of an enlarged Green & Smart ("Proposed Subscription") following due diligence at a price equivalent to a 15 per cent. premium to the volume weighted average price for the five business day period prior to the Proposed Subscription.

The Company will provide a further update once the terms of the Proposed Subscription have been agreed. While the Board is encouraged by this recent progress, there can be no certainty that the Proposed Subscription will proceed, nor on the indicative terms outlined above.

Enquiries

 
 Green & Smart Holdings plc 
 Saravanan Rasaratnam, Chief Executive 
  Officer 
  Navindran Balakrishnan, Chief Operations 
  Officer                                     +603 2095 0024 
 
 Cantor Fitzgerald Europe (Nominated 
  Adviser and Broker) 
 Andrew Craig, Richard Salmond                +44 20 7894 7000 
 
 Luther Pendragon Ltd (Financial 
  PR) 
 Claire Norbury, Alexis Gore                  +44 20 7618 9100 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCJFMTTMBIBBJP

(END) Dow Jones Newswires

March 16, 2018 08:44 ET (12:44 GMT)

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