Andalas Energy and
Power Plc
(‘Andalas’ or the
‘Company’)
Response to Media
Speculation
Andalas Energy and Power Plc, the AIM listed Indonesian focused
energy Company (AIM: ADL), notes the recent media speculation
regarding the Company undertaking a significantly discounted equity
fundraising in the short term.
Andalas confirms that it is currently in discussions with
investors concerning a potential fundraising to fund its ongoing
activities in Indonesia. The
discussions are of a preliminary nature and the Company cannot
guarantee that any such fundraising will take place in the short
term. Pending the outcome of these discussions, the Company has
requested a suspension in trading of its shares on the AIM Market.
A further announcement will be made in due course as and when
appropriate.
**ENDS**
The information contained within this
announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 ('MAR). Upon the publication of this
announcement via a Regulatory Information Service ('RIS'), this
inside information is now considered to be in the public
domain.
For further information, please contact:
| David Whitby |
Andalas Energy and
Power Plc |
Tel: +62
21 2783 2316 |
Sarah
Wharry
Craig Francis |
Cantor
Fitzgerald Europe
(Nominated Adviser and Joint Broker) |
Tel: +44 20 7894
7000 |
| Jon Belliss |
Beaufort Securities Limited
(Joint Broker) |
Tel: +44 20 7382 8415 |
Frank Buhagiar
Susie Geliher |
St Brides Partners Limited |
Tel: +44 20 7236 1177 |