RVA Renova

    RNS Number : 8995U
  Renova Energy plc
  20 May 2008
   

    For immediate release
            20 May 2008

    Renova Energy plc ("the Company")

    Share suspension

    Renova Energy plc (RVA: AIM), the ethanol production, distribution and marketing company, has today requested that the trading of its
ordinary shares be suspended with immediate effect.

    As previously announced the Group is in ongoing discussions with its Lenders and the creditors of Renova Energy (ID) LLC, the Heyburn
project company, regarding a restructuring of its bank borrowings and other liabilities.  In the meantime, the Standstill Agreement with the
Group's Lenders has terminated in accordance with its terms and all bank borrowings remain repayable on demand.

    In consultation with its advisors, the Directors consider that the Company's ordinary shares should be suspended from trading pending
further progress with these negotiations. 

    In the meantime, Renova's marketing and distribution business and the production facility in Torrington, Wyoming, are continuing to
operate normally.


    For further information please contact

 Renova Energy
 Chris Thomas, Chairman                 +44 207 299 4444
 Fanton Chuck, Chief Executive Officer  +44 207 299 4444
 Raf Alam, Finance Director             +44 207 299 4444

 Brewin Dolphin
 Ken Fleming, Director                  +44 141 221 7733

 Buchanan Communications
 Ben Willey                             +44 207 466 5000


    or visit www.renovaenergy.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
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