Business
Further re Winding up KFL
Further re Winding up KFL.
About this update from Forgent Plc
[{"type":"text","content":"\n \nRNS Number : 8974S React Energy PLC 29 September 2014 \n \n\n\n\n\n\n\n\n\n29 September 2014\n\n\n\n\n \nREACT Energy plc\n(\"REACT\" or the \"Company\")\n \nWinding up of Kedco Fabrication Limited\nFurther to the announcement on 12 September 2014, REACT Energy plc (AIM: REAC), the energy infrastructure developer and operator which focuses on the production of clean energy in the UK and Ireland today announces that following shareholder and creditor meetings held on 29September 2014, Kedco Fabrication Limited (\"KFL\"), which is a direct subsidiary of REACT, entered into creditors' voluntary liquidation following the appointment of a liquidator to the company. \nPursuant to Rule 17 of the AIM Rules for Companies (the \"AIM Rules\"), the following disclosure falls to be disclosed under Schedule Two, paragraph (g) of the AIM Rules: the directors of Kedco Fabrication Limited are Gerry Madden and Brendan Halpin who are also directors of REACT.\nThe total amount of net debt owed by KFL to creditors is £1.5 million of which £1.4 million is owed to REACT.\nAs from 29 September 2014, the balance sheet of KFL will no longer be consolidated into the reported results of REACT. \n \n- Ends -\nFor further information:\n \n\n\n\n\nREACT Energy plc\n\n\n+353 (0)21 483 9104\n\n\n\n\nGerry Madden / Brendan Halpin\n\n\n\n\n\n\n\nShore Capital - Nomad & Broker\n\n\n+44 (0)20 7408 4090\n\n\n\n\nPascal Keane / Anita Ghanekar\n\n\n\n\n\n\n\nYellow Jersey PR Limited - Public Relations\n\n\n+44 (0)7747 788 221\n\n\n\n\nDominic Barretto / Anna Legge\n\n\n\n\n\n\n\nAbout REACT \n \nREACT Energy plc is committed to operating clean electricity and heat generation plants in the UK and Ireland. \n \nThe Company identifies, builds owns and operates plants and possesses significant knowledge of energy markets, clean technologies, fuel sources, project development, project finance and project delivery.\n \nREACT currently has four operational clean energy plants generating revenue from the sale of electricity and heat. \n \nThe generation of clean electricity and heat from sustainable sources has the potential to address the key energy challenges of energy security and carbon commitment and provide strong returns on capital employed.\n \nThe company is listed on AIM and trades as REAC.www.reactene...