Completion of sale of interes

RNS Number : 3389O

Alkane Energy PLC

05 March 2009

 



For immediate release

5 March 2009

Alkane Energy plc

('Alkane' or 'the Company')

Completion of sale of interest in Pro 2

Alkane Energy plc (AIM: ALK) the profitable energy company that operates environmentally friendly power generation plants today announces the completion of the sale of its 38% interest in Pro2 and the early repayment of its shareholder loan.  

Including a €2.0million working capital loan that was repaid in January, Alkane's total receipts will be €7.56million, of which €1.68million is outstanding in respect of escrow account repayments and loan installments.

For further information please contact:

Alkane Energy plc	01623 827927
Steve Goalby, Finance Director
Brewin Dolphin	0845 270 8610
Andrew Emmott
Buchanan Communications	020 7466 5000
Ben Willey
Miranda Higham

Notes to the Editors

Alkane Energy plc is a clean-tech energy company based in the UK. The strategy of the business is to develop gas to power generation assets utilising damaging greenhouse gas emissions from abandoned coal mines and in doing so reduce their climate change impact.

Alkane currently operates seven plants in the UK, with an additional one in Germany.  The Company has a total output capacity equivalent to about 20MW.

 

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