Business
Review of Strategy
Review of Strategy.
About this update from Beacon Energy Plc
[{"type":"text","content":"\n \n \n RNS Number : 5136D\n Andalas Energy And Power PLC\n 20 February 2020\n \n \n \n For immediate release\n 20 February 2020\n \n Andalas Energy and Power Plc\n ('Andalas' or the 'Company')\n Review of Strategy\n \n Andalas Energy and Power plc (AIM:ADL) is pleased to announce that, following the recent changes to the Board as announced on 4 February 2020, the Board and Management are to conduct a review of the business with a view to formulating a revised strategy.\n This review will address the current assets in the UK and Indonesia as well as additional growth options in order to maximise the value of the existing platform.\n The Board expects to complete its review within the next two weeks with further communications to follow soon thereafter.\n It was earlier announced that the Company proposes a name change to Advance Energy plc subject to shareholder approval at a General Meeting scheduled for 26 February.\n \n \n \n \n \n For further information, please contact:\n \n \n \n \n Leslie Peterkin\n \n \n Andalas Energy and Power Plc\nc/o FIM Capital Limited\n \n \n Tel: +44 1624 681250\n \n \n \n \n Graham Smith\n \n \n FIM Capital Limited\n \n \n Tel: +44 1624 681250\n \n \n \n \n Roland Cornish/ James Biddle\n \n \n Beaumont Cornish Limited\n(Nominated Adviser)\n \n \n Tel: +44 20 7628 3396\n \n \n \n \n Colin Rowbury\n \n \n Novum Securities Limited\n(Joint Broker)\n \n \n Tel: +44 207 399 9427\n \n \n \n \n Christian Dennis\n \n \n Optiva Securities Limited\n(Joint Broker)\n \n \n Tel: +44 20 3411 1881\n \n \n \n \n \n \n \n This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.\n END\n \n UPDGPUACPUPUGAB\n ","length":4328,"tagName":"div"}]