Drax Group PLC Completion of the acquisition of Opus Energy Group (6124W)
February 10 2017 - 4:51AM
UK Regulatory
TIDMDRX
RNS Number : 6124W
Drax Group PLC
10 February 2017
10 February 2017
DRAX GROUP PLC
(Symbol: DRX)
Completion of the acquisition of Opus Energy Group Limited
Drax Group plc ("Drax") is pleased to announce that it has today
completed the acquisition of the entire issued share capital of
Opus Energy Group Limited (the "Acquisition").
The Acquisition was originally announced on 6 December 2016.
Dorothy Thompson, Chief Executive, Drax Group, said:
"Today we took another step forward in delivering our Group-wide
strategy. This addition to our existing retail offer will see our
challenger brands, Opus Energy and Haven Power, working to provide
the UK's businesses with affordable, reliable and renewable
energy."
Enquiries:
Drax Investor Relations
+44 (0) 1757 612 491
Mark Strafford
J.P. Morgan Cazenove (acting as exclusive financial adviser to
Drax in connection with the proposed acquisition of Opus Energy and
as Drax's corporate broker):
+44 (0) 207 742 6000
Robert Constant
Carsten Woehrn
Wendy Hohmann
Drax Media
+44 (0) 1757 612 026
Paul Hodgson
Website: www.drax.com
Note:
(1) J.P. Morgan Limited (which conducts its UK investment
banking activities as J.P. Morgan Cazenove), which is authorised
and regulated in the United Kingdom by the Financial Conduct
Authority, is acting exclusively for Drax and for no one else in
connection with the Acquisition and will not regard any other
person (whether or not a recipient of this document) as a client in
relation to the Acquisition and will not be responsible to anyone
other than Drax for providing the protections afforded to customers
of J.P. Morgan Cazenove or for affording advice in relation to the
Acquisition, the contents of this document or any transaction,
arrangement or other matter referred to in this document.
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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February 10, 2017 05:51 ET (10:51 GMT)
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