Resignation of Nominated Adviser and Joint Broker

RNS Number : 4131S

Cogenpower PLC

02 October 2017

 

                                                                                                                          2 October 2017

Cogenpower plc

("Cogenpower" or the "Company" or the "Group")

Resignation of Nominated Adviser and Joint Broker

Cogenpower (CGP.L), the AIM-quoted low carbon technology energy business, announces that Allenby Capital Limited, the Company's nominated adviser and joint broker, has resigned as the Company's nominated adviser and joint broker with effect from 2 October 2017.

As detailed in the announcements released by the Company on 29 September 2017 in respect of the Company's annual accounts and interim results the Company's shares are currently suspended from trading on AIM. 

Pursuant to the AIM Rules in the event that a replacement nominated adviser is not appointed by the Company within 30 days, the Company's shares will be cancelled from trading on AIM. The Company is currently in advanced discussions with a new nominated adviser and is confident a replacement will be appointed and announced shortly.

-ENDS-

Further enquiries:

Cogenpower plc	Dr. Francesco Vallone Ilaria Cannata Martin Groak	[phone] [phone] [e-mail]
Peterhouse Corporate Finance Limited (Broker)	Heena Karani                                  Charles Goodfellow	[phone]

Notes to Editors

Energy efficiency through smart technology: Anaconda technology

Cogenpower (CGP.L) designs, builds or transforms, owns and operates high efficiency district heating and cooling schemes, scalable to serve communities from 3,000 to 50,000 people. At the heart of the business is Cogenpower's Anaconda Artificial Intelligence technology, an automated, Artificial Intelligence energy generation and control system equipped with a heat storage facility that delivers heat to customers and electricity to the grid with proven energy efficiency of more than 90%. Cogenpower was admitted to trading on AIM in February 2016.

 

END

 

 

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