Statement re suspension
July 31 2009 - 2:00AM
UK Regulatory
TIDMRGY
RNS Number : 6195W
ReEnergy Group PLC
31 July 2009
31 July 2009
ReEnergy Group plc
("ReEnergy" or the "Company")
Statement re suspension
The Board of the Company announces that, pursuant to rule 15 of the AIM Rules
for Companies ("AIM Rules"), the Company's ordinary shares will be suspended
from trading on AIM with effect from 7 a.m., on 31 July 2009 as the Company has
been unable to implement its investing strategy by 30 July 2009, this being the
anniversary of the Extraordinary General Meeting of the Company at which
shareholders gave consent to the Company's investing strategy.
The Company structure has recently been changed and the new board of directors
are actively pursuing acquisition opportunities for the Company and will make
further announcements where appropriate.
Under rule 41 of the AIM Rules, ReEnergy has until 31 January 2010 to complete
an acquisition or investment that constitutes a reverse takeover under the AIM
Rules in line with the Company's previously announced investment strategy. In
the event that such an acquisition is not been made by the Company by 31 January
2010 trading in the Company's shares on AIM will be cancelled.
For further information please contact:
+--------------------------------------+--------------------------------------+
| ReEnergy Group plc | |
+--------------------------------------+--------------------------------------+
| Jonathan Allen | Tel: +44 (0)20 7432 0340 |
+--------------------------------------+--------------------------------------+
| Non-Executive Director | |
+--------------------------------------+--------------------------------------+
| | |
+--------------------------------------+--------------------------------------+
| HB Corporate Limited | |
+--------------------------------------+--------------------------------------+
| Imran Ahmad / Nick Athanas | Tel: +44 (0)20 7510 8600 |
+--------------------------------------+--------------------------------------+
| | |
+--------------------------------------+--------------------------------------+
.
:
This information is provided by RNS
The company news service from the London Stock Exchange
END
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