GKO Greenko

TIDMGKO

RNS Number : 9893Q

Greenko Group plc

23 June 2015

23 June 2015

Greenko Group PLC

("Greenko" or "the Company")

Statement re Share Price Movement

The Board of Greenko, the Indian developer, owner and operator of clean energy projects, notes the recent movement in its share price. Global Environment Emerging Markets Fund III LP ("GEEMF") and Cambourne Investment Private Limited, the affiliate of the Government of Singapore Investment Corporation Pte Ltd ("GIC") hold shares in Greenko Mauritius which are capable of being exchanged for shares in the Company with effect from 1 July 2015.

The Company is in discussions to find a solution at a subsidiary level which supports all stakeholders and the business.

Further announcements will be made in due course.

-Ends-

For further information please visit www.greenkogroup.com or call:

 
 Greenko Group plc                            +44 (0) 20 7920 3150 
 Anil Chalamalasetty/Mahesh Kolli/Vasudeva 
  Rao Kaipa 
 
 Arden Partners plc                           +44 (0)20 7614 5917 
 Steve Douglas 
 
 Investec Bank plc                            +44 (0)20 7597 4000 
 Jeremy Ellis 
 
 Tavistock Communications                     +44 (0)20 7920 3150 
 Matt Ridsdale/Mike Bartlett/Niall Walsh 
 
 

About Greenko

Greenko is a mainstream participant in the growing Indian energy industry and a market leading owner and operator of clean energy projects in India utilising a de-risked portfolio of wind, run-of-river hydropower, natural gas and biomass assets. The Group is now focused on building new utility scale wind farms and hydropower projects across India. Greenko intends to increase the installed capacity it operates by winning concessions to develop and build new greenfield assets, as well as making selective acquisitions which enhance shareholder value. Greenko's portfolio is carefully planned and managed to ensure it offers investors diversification and spreads its risk across a number of projects that utilise various well-proven environmental technologies.

The Company's goal is to reach 1,000 MW of operational capacity in 2015 and approximately 2,000 MW in 2018. With a core belief in sustainability both operationally and environmentally, Greenko endeavours to be a responsible business playing an important role in the community beyond its role in the power generation industry. The Company maintains a continuous involvement in localised projects and community programmes which centre on education, health and wellbeing, environmental stewardship and improving rural infrastructure. Greenko Group plc was admitted to trading on the AIM market of the London Stock Exchange (LSE: GKO) in November 2007.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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