Renewable Energy Holdings plc Amendment of Loan & Loan Facility with Utilico (2901P)
04 Juni 2015 - 5:39PM
UK Regulatory
TIDMREH
RNS Number : 2901P
Renewable Energy Holdings plc
04 June 2015
4 June 2015
Renewable Energy Holdings plc
("REH" or the "Company")
Amendment of Loan and Loan Facility with Utilico Investments
Limited ("Utilico")
REH announces that on 4 June 2015 it agreed with Utilico to
amend the maturity dates on its loan with Utilico, originally dated
31 July 2009 and subsequently amended ("2009 Loan"), and its loan
facility with Utilico, originally entered into on 5 February 2014
and subsequently amended ("Loan Facility") (together the
"Amendments"). The maturity dates are amended from 31 July 2015 to
31 December 2015. All other terms remain the same as previously
announced. The amount drawn down at present from the Loan Facility
of GBP4.25 million is GBP4 million.
Utilico is interested in approximately 28.71 per cent of the
issued share capital of REH and as such is considered a "Related
Party" under the AIM Rules for Companies. The independent directors
of the Company (Clive Callister and Alex Bush), having consulted
with Strand Hanson Limited, consider the Amendments to be fair and
reasonable insofar as shareholders are concerned.
Enquiries:
Renewable Energy Holdings plc:
David Weir (Chairman)
Clive Callister (Chief Operating
Officer) +44 (0) 1624 641199
Strand Hanson Limited: +44 (0)20 7409 3494
Rory Murphy/James Spinney
This information is provided by RNS
The company news service from the London Stock Exchange
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