RedT Energy PLC Holdings in Company (7239T)
January 09 2017 - 11:04AM
UK Regulatory
TIDMRED
RNS Number : 7239T
RedT Energy PLC
09 January 2017
redT energy plc
("redT" or the "Company")
Holdings in Company
The Company announces that it was notified on 9 January 2017
that as a result of the redT energy plc share issue on 3 January
2017, the following shareholdings have been updated as below:
The shareholding of Alchemy Projects Limited remains unchanged
at 97,419,319 Ordinary Shares in the capital of the Company,
representing approximately 14.9 per cent. of the Company's issued
share capital. Alchemy Projects Limited is 100% owned by John Ward,
Non-Executive Director of redT energy plc.
The shareholding of Payar Investments Ltd (subsidiary of
Khazanah Nasional Berhad) remains unchanged at 62,229,986 Ordinary
Shares in the capital of the Company, representing approximately
9.52 per cent. of the Company's issued share capital.
The shareholding of AIB Seed Capital Fund Limited Partnership
(managed by Dublin Seed Capital General Partner Ltd), ("AIB SCFP")
remains unchanged and AIB SCFP no longer has a notifiable interest
in the Ordinary Shares of the Company.
The shareholding of Seager Rex Harbour has been reduced such
that it no longer has a notifiable interest in the Ordinary Shares
of the Company.
Enquiries:
redT energy plc +44 (0)207 061 6233
Scott McGregor, Chief Executive
Officer
Joe Worthington, Investor
& Media Relations
Cenkos Securities plc +44 131 220 9772
Nick Tulloch +44 131 220 9100
Derrick Lee
Celicourt (Financial PR)
Mark Antelme
Joanna Boon
Jimmy Lea +44 (0)20 7520 9266
Notes to Editors
About redT energy
redT energy develops and supplies durable and robust energy
storage machines based on proprietary vanadium redox flow
technology for on and off-grid applications. The liquid storage
medium affords an exceptionally long system life of up to 25 years
and a 100 per cent usable depth of discharge. Combined with low
maintenance requirements, this delivers industry leading lowest
levelised cost of storage (LCOS) and total cost of ownership (TCO)
results. The modular approach allows the power and energy
components of systems to be independently sized to meet customer
requirements.
Until now it has not been possible to directly compare variable
renewable energy generation sources with diesel or fossil fuel
generation. PV + Storage is now reaching 'grid parity' in many
countries, a paradigm shift in energy production, which will
ultimately enable a distributed energy network optimising
conventional and renewable generation. The redT energy storage
machine has applications in remote power, smart grids, power
quality, and all aspects of renewable energy management.
To find out more about redT products or to register your
interest in purchasing an energy storage machine please go to the
below web address:
http://www.redtenergy.com/register-interest
For sales enquiries, please email enquiries@redtenergy.com or
call +44 (0) 207 061 6233
This information is provided by RNS
The company news service from the London Stock Exchange
END
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