React Energy PLC Further re Corporate Update (5721R)
June 29 2015 - 11:29AM
UK Regulatory
TIDMREAC
RNS Number : 5721R
React Energy PLC
29 June 2015
29 June 2015
REACT Energy plc
("REACT" or the "Company")
Corporate Update
Further to the announcements of 20 May 2015, 3 June 2015 and 8
June 2015, the Company announces that in line with his statutory
duty, the Examiner appointed to REACT (and its related companies)
continues to conduct a review of the Company's affairs and has
formulated proposals for a scheme of arrangement (the "Scheme")
which will be presented at meetings of the Company's shareholders
and creditors and, it is expected, for the subsequent approval of
the High Court in Ireland.
On 17 June, the Examiner obtained from the Court an extension of
time until 29 June in relation to the filing of his report in
relation to the Scheme.
As part of the extension obtained on 17 June 2015 the High Court
required that the shareholder and creditor meetings previously held
be reconvened in order to present further information on the Scheme
to both shareholders and creditors. To this end shareholders and
creditors have been notified today of meetings to be held at
various times on Friday 3 July 2015 at the Radisson BLU Royal
Hotel, Golden Lane, Dublin, Ireland.
A further extension in relation to the filing of the Examiner's
report was sought and received today until Monday 6 July 2015.
Further updates will be provided in due course.
- Ends -
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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