Statement re accounts

RNS Number : 7541I

React Energy PLC

27 March 2015

 

REACT Energy plc

("REACT" or the "Group")

Annual Report and Accounts

Interim Results for six months ended 31 December 2014

On 1 December 2014, the Company announced that its securities had been suspended on AIM pending a notification to clarify REACT's financial position and that it was not able to issue its final results for the year to 30 June 2014.

Although funding discussions remain on-going as announced on 20 March 2015, due to the uncertainty surrounding the Company's financial position, the Board is unable to conclude on the going concern position of the Company at this time. The Annual Report and Accounts and the Interim Results to 31 December 2014 due to be issued at the end of March 2015 will not be issued until clarity is achieved on the financial position of the Company.

The Company will provide further updates in due course.

For further information:

REACT Energy plc	[phone]
Gerry Madden/Brendan Halpin
Shore Capital - Nomad & Broker	[phone]
Pascal Keane / Anita Ghanekar
Yellow Jersey PR Limited - Public Relations	[phone]
Dominic Barretto / Anna Legge

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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