REH Renew. Energy

TIDMREH

RNS Number : 2901P

Renewable Energy Holdings plc

04 June 2015

4 June 2015

Renewable Energy Holdings plc

("REH" or the "Company")

Amendment of Loan and Loan Facility with Utilico Investments Limited ("Utilico")

REH announces that on 4 June 2015 it agreed with Utilico to amend the maturity dates on its loan with Utilico, originally dated 31 July 2009 and subsequently amended ("2009 Loan"), and its loan facility with Utilico, originally entered into on 5 February 2014 and subsequently amended ("Loan Facility") (together the "Amendments"). The maturity dates are amended from 31 July 2015 to 31 December 2015. All other terms remain the same as previously announced. The amount drawn down at present from the Loan Facility of GBP4.25 million is GBP4 million.

Utilico is interested in approximately 28.71 per cent of the issued share capital of REH and as such is considered a "Related Party" under the AIM Rules for Companies. The independent directors of the Company (Clive Callister and Alex Bush), having consulted with Strand Hanson Limited, consider the Amendments to be fair and reasonable insofar as shareholders are concerned.

Enquiries:

 
 Renewable Energy Holdings plc: 
 David Weir (Chairman) 
  Clive Callister (Chief Operating 
  Officer)                            +44 (0) 1624 641199 
 
 Strand Hanson Limited:               +44 (0)20 7409 3494 
 Rory Murphy/James Spinney 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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