Business
Possible Acquisition and Suspension of Listing
Possible Acquisition and Suspension of Listing.
About this update from Neo Energy Metals Plc
[{"type":"text","content":"\n \nRNS Number : 1925P Stranger Holdings PLC 29 August 2017 \n\nStranger Holdings plc / Index: LSE / Epic: STHP / Sector: investment\n29 August 2017\nStranger Holdings plc ('Stranger' or the 'Company')\nPossible Acquisition\nand\nSuspension of Listing\n \n \nStranger Holdings plc, the London listed investment company, is pleased to announce that it has signed a non-binding Heads of Terms to acquire the entire issued share capital of Alchemy Utilities Limited ('Alchemy'), a multi-divisional, Irish based sustainable utility company, for new shares in the Company (the 'Acquisition'). The Acquisition, if completed, would result in Stranger shareholders having a minority interest in the enlarged group (the 'Group').\n \nAlchemy is a specialist in the complex field of waste to synthetic gas production, renewable energy, and using waste energy to provide drinking water through the removal of salt and other contamination. It positions itself as the world leader in the delivery of renewable, low/zero carbon community based schemes designed to deliver true 'circular economy', a model that looks beyond the current \"take, make and dispose\" extractive industrial model. It is a regenerative system in which resource input and waste, emissions, and energy leakage are minimised by slowing, closing and narrowing material and energy loops. This can be achieved by long-lasting design, maintenance, repair, reuse, remanufacturing, refurbishing and recycling. Further information is available at www.alchemyutilities.ie. \n \nIn its pursuit of a circular economy, Alchemy aims to innovate, deliver and operate full service projects, creating community based and private renewable projects utilising its own decentralised sustainable utility technologies. Alchemy has established a collaboration agreement with Harper Adam's University. As a strategic development partners, HAU and their research partners including UCD, will provide additional resources and independent technical validation to the fully commercialised processes. (HAU are ranked as the UK's no1 agricultural and food technology University, and No1 in terms of their research and development facilities with industrial partners.)\n \nBenefitting from an experienced management team, Alchemy has not only already successfully secured t...