Cogenpower PLC Statement re. Suspension (1268J)
June 26 2017 - 3:00AM
UK Regulatory
TIDMCGP
RNS Number : 1268J
Cogenpower PLC
26 June 2017
26 June 2017
Cogenpower plc
("Cogenpower" or the "Company" or the "Group")
Statement re Suspension
Cogenpower (CGP.L), the AIM-quoted low carbon technology energy
business, announces that it has become apparent that the Company
will not be in a position to publish its audited report and
accounts for the year ended 31 December 2016 by 30 June 2017 in
accordance with the AIM Rules for Companies. As a result the
Company's shares have been suspended from trading on AIM pursuant
to AIM Rule 19. The suspension will commence at 9.00 a.m. today and
will remain in place until the Company's accounts have been
published.
The inability to finalise the accounts prior to 30 June 2017 is
primarily due to unavoidable delays encountered in completing the
audit of the Company's Italian subsidiaries.
The Company is targeting to publish its accounts in July
2017.
A further announcement will be made in due course.
-ENDS-
Further enquiries:
Cogenpower plc Dr. Francesco +39 011 4501466
Vallone +44 7949 209
Ilaria Cannata 301
Martin Groak info@cogenpower.co.uk
---------------------- --------------------- -----------------------
Allenby Capital Nick Athanas
(Nominated Adviser Richard Short +44 (0)20 3328
and Joint Broker) Nick Naylor 5656
---------------------- --------------------- -----------------------
Peterhouse Corporate
Finance Limited Heena Karani
(Joint Broker) Charles Goodfellow +44 (0) 20 7469 0930
---------------------- --------------------- -----------------------
Notes to Editors
Energy efficiency through smart technology: Anaconda
technology
Cogenpower (CGP.L) designs, builds or transforms, owns and
operates high efficiency district heating and cooling schemes,
scalable to serve communities from 3,000 to 50,000 people. At the
heart of the business is Cogenpower's Anaconda Artificial
Intelligence technology, an automated, Artificial Intelligence
energy generation and control system equipped with a heat storage
facility that delivers heat to customers and electricity to the
grid with proven energy efficiency of more than 90%. Cogenpower was
admitted to trading on AIM in February 2016.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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