Renewable Energy Holdings plc Suspension of Shares on AIM (4804G)
November 20 2015 - 6:46AM
UK Regulatory
TIDMREH
RNS Number : 4804G
Renewable Energy Holdings plc
20 November 2015
Renewable Energy Holding PLC
("REH" or the "Company")
Decision of Secretary of State for Energy and Climate Change re
Mynydd y Gwynt
Suspension of Shares on AIM
REH is disappointed to report that the Secretary of State for
Energy and Climate Change has today announced that she has declined
the Application for Development Consent for the Mynydd y Gwynt wind
farm. The Company is carefully considering the details of the
decision along with the Examiner's Report and will be discussing
matters with its principal creditor, Utilico Limited ("Utilico"),
to determine whether the Company can remain trading in light of
this decision, especially as the debt to Utilico is due for
repayment by 31 December 2015. Pending resolution of these
discussions the trading of the Company's shares on AIM is
suspended. The Company will be making further announcements in due
course.
The Secretary of State's consent decision letter and the
Examiner's report of recommendation have been published on the
Planning Inspectorates project website, the link to which is set
out below.
http://infrastructure.planningportal.gov.uk/projects/wales/mynydd-y-gwynt-wind-farm/
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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