Completion of Disposal of AIM PowerGen Corporation
22 Outubro 2009 - 4:00AM
UK Regulatory
TIDMRWE
RNS Number : 1965B
Renewable Energy Generation Ltd
22 October 2009
Press Release22 October 2009
Renewable Energy Generation Limited
("REG" or the "Company")
Completion of Disposal of AIM PowerGen Corporation
Renewable Energy Generation Limited (AIM: RWE) announces that, further to the
announcement made on 30 September 2009, it completed yesterday the sale of AIM
PowerGen Corporation (REG's wholly owned Canadian subsidiary) to International
Power Canada, Inc. (the "Sale").
Under rule 15 of the AIM Rules for
Companies, the Sale was deemed to be a sale resulting in a fundamental change of
business of REG and accordingly the Sale was conditional, inter alia, on
approval by the shareholders of the Company ("Shareholders") of an ordinary
resolution proposed at the extraordinary general meeting of the Company convened
on 16 October 2009 for, amongst other things, that purpose (the "EGM").
As announced by the Company on 16 October 2009, this ordinary resolution was
duly passed by Shareholders at the EGM and, as all other conditions to the Sale
have now been satisfied, the Sale was completed today.
REG's preliminary results for the year ended 30 June 2009 will be announced on
19 November 2009.
Contacts:
Renewable Energy Generation Ltd Tel: 01483
901 790
Andrew Whalley, Chief Executive Officer
David Crockford, Finance Director
Lexicon Partners (Financial Adviser to REG) Tel: 020
7653 6000
Read Gomm
Hichem Zebidi
Numis Securities Ltd
Tel: 020 7260 1000
Nominated Advisor: Simon Blank / Hugh Jonathan
Corporate Broker: David Poutney / Charlie Farquhar
Hogarth Partnership Ltd
Tel: 020 7357 9477
Sarah MacLeod
Julian Walker
Vicky Watkins
This information is provided by RNS
The company news service from the London Stock Exchange
END
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