Disposal Completed, Change of Name, New Website

RNS Number : 3333Y

Cogenpower PLC

04 December 2017

 

FOR IMMEDIATE RELEASE

4 December 2017

Cogenpower plc

 (the "Company" or the "Group")

Completion of Disposal of Cogenpower SRL

Change of name to Monreal plc

New website

Completion of the Disposal

The Board announces that the Disposal by the Company of Cogenpower srl completed today. Francesco Vallone has ceased to be a director of the Company with effect from today.

Following Completion of the Disposal, the Company is now an AIM Rule 15 cash shell and as such will be required to make an acquisition or acquisitions which constitutes a reverse takeover under AIM Rule 14 (including seeking re-admission as an investing company (as defined under the AIM Rules)) on or before the date falling six months from completion of the Disposal or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least £6 million) failing which, the Company's Ordinary Shares would then be suspended from trading on AIM pursuant to AIM Rule 40. Admission to trading on AIM would be cancelled six months from the date of suspension should the reason for the suspension not have been rectified.

Change of Name and new Website

The change of the Company's name to Monreal plc and Tradeable Instrument Display Mnemonic on AIM to "MORE" takes effect from 5 December 2017. The Company's ISIN remains unchanged.

As from 5 December 2017, a new website in compliance with AIM Rule 26 will be available at www.monrealplc.com.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Further enquiries:

Cogenpower plc and/or Monreal plc	Martin Groak	[phone] [e-mail]
Beaumont Cornish Limited (Nominated Adviser)	Roland Cornish / Michael Cornish	[phone] www.beaumontcornish.co.uk
Peterhouse Corporate Finance Limited (Broker)	Heena Karani                                  Lucy Williams	[phone]

 

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