Payment of Creditors
08 Novembro 2007 - 10:01AM
UK Regulatory
RNS Number:2861H
KP Renewables PLC
08 November 2007
KP Renewables plc ("KPR" or the "Company")
Payment of Creditors under CVA
The Directors of KPR, announce that the Supervisor of KPR's Company Voluntary
Agreement ("CVA") has now reached agreement with all Company creditors who have
proved in the CVA.
Pursuant to the CVA, the Company has approved the payment of monies owing to the
creditors, being #23,603.08, and the allotment of 832,127 new ordinary shares
of 1p par value in the Company (the "New Shares"). The New Shares will rank
pari passu with the existing ordinary share capital of the Company.
Application has been made for the New Shares to be admitted to trading on AIM
on or around 14 November 2007.
Following admission, the total issued share capital of the Company will be
increased to 84,661,610 ordinary shares.
For further information contact:
KP Renewables plc:
Richard Armstrong, Director 0207 448 4700
Libertas Capital:
Jakob Kinde/Stephen Pickup 0207 569 9650
This information is provided by RNS
The company news service from the London Stock Exchange
END
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