Further re Corporate Update

RNS Number : 1812S

React Energy PLC

03 July 2015

 

3 July 2015

REACT Energy plc

("REACT" or the "Company")

Corporate Update

Further to the announcement of 29 June 2015 the Company announces that in line with his statutory duty, the Examiner appointed to REACT (and its related companies) today presented proposals for a scheme of arrangement (the "Scheme") to reconvened meetings of the Company's shareholders and creditors. The proposed Scheme was unanimously approved by shareholders present and by a significant majority of creditors present.

The Examiner will now go to the High Court in Ireland to lodge the Scheme, the results of the meetings of shareholders and creditors and the recommendations of the Examiner with the Court.

Further updates will be provided in due course.

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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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