Result of EGM

RNS Number : 5529C

React Energy PLC

16 October 2015

 

REACT Energy plc

("REACT" or the "Company")

Result of Extraordinary General Meeting ("EGM")

Approval of waiver of obligations under Rule 9 of the Irish Takeover Rules

REACT is pleased to announce that at the EGM held earlier today, the resolution to approve on a poll, the waiver under Rule 9 of the Irish Takeover Rules, was passed.  

The Concert Party currently holds 204,545 ordinary shares in the Company and accordingly were the Concert Party to exercise its rights under the Equity Kicker and Warrants, then the Concert Party would hold a maximum of 55,713,369 ordinary shares in the Company, representing 45.06% of the enlarged issued share capital of the Company.

The full text of the resolution can be found in the notice of the EGM in the Circular published by the Company on 22 September 2015 and on the Company's website www.reactenergyplc.com.

All capitalised terms are as defined in the Circular.

For further information:

REACT Energy plc	[phone]
Gerry Madden / Brendan Halpin
Shore Capital - Nomad & Broker	[phone]
Pascal Keane / Anita Ghanekar

About REACT:

REACT Energy plc is committed to operating clean electricity and heat generation plants in the UK and Ireland. The Company identifies, builds owns and operates plants and possesses significant knowledge of energy markets, clean technologies, fuel sources, project development, project finance and project delivery. REACT currently has four operational clean energy plants generating revenue from the sale of electricity and heat. The generation of clean electricity and heat from sustainable sources has the potential to address the key energy challenges of energy security and carbon commitment and provide strong returns on capital employed.

The company is listed on AIM and trades as REAC.www.reactenergyplc.com

 

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