TIDMPPG

RNS Number : 3092M

Plutus PowerGen PLC

20 September 2021

Plutus PowerGen PLC / Ticker: PPG / Index: AIM

20 September 2021

PLUTUS POWERGEN PLC

("Plutus", the "Group" or the "Company")

Update

Plutus PowerGen PLC, the AIM listed cash shell, announces that it is in advanced discussions regarding the appointment of a new Financial Adviser alongside the execution of a Heads of Terms for the acquisition of an asset of interest to the Company.

The proposed reverse takeover of Ben's Creek Carbon LLC announced 11 June 2021 will no longer be proceeding as the asset owners declined to respond to the Company's invitation to continue with the transaction given the Company is now intending to re-list on the Standard List of the London Stock Exchange versus AIM.

The Company will provide a further update in the near future.

ENDS

For more information please contact:

 
           Plutus PowerGen PLC                                 Tel: +44 (0) 20 8720 6562 
            Charles Tatnall, Executive Chairman 
            James Longley, Interim CEO and Finance 
            Director 
           Turner Pope Investments (TPI) Limited                Tel: +44 (0) 20 3657 0050 
            (Joint Broker) 
            Andy Thacker 
                                                    --------------------------------------- 
           Pello Capital Limited (Joint Broker)                Tel: +44 (0) 20 3700 2492 
            Mark Treharne 
                                                    --------------------------------------- 
           St Brides Partners Limited (Financial                info@stbridespartners.co.uk 
            PR) 
            Isabel de Salis 
                                                    ---------------------------------------

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END

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(END) Dow Jones Newswires

September 20, 2021 07:59 ET (11:59 GMT)

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