Alternative Energy Limited Extension of Preferential Offering (4358X)

TIDMALR

RNS Number : 4358X

Alternative Energy Limited

08 February 2013

8 February 2013

Alternative Energy Limited

("Alternative Energy", "AEL" or the "Company")

FURTHER EXTENSION OF THE CLOSING DATE

FOR THE PREFERENTIAL OFFERING

Further to the announcement of (i) 14 January 2013 in respect of the despatch of an offering letter dated 14 January 2013 (the "Offering Letter") and the accompanying application form (the "Application Form") containing the terms and conditions of the Preferential Offering to the Entitled Shareholders; and (ii) 24 January 2013 in respect of the extension of the Closing Date for the Preferential Offering, the Company wishes to announce that the Closing Date for the Preferential Offering will be further extended to the following date(s) and time(s):

(a) in respect of applications by the Entitled Scripholders, 3.00p.m. (Singapore time) on 28 February 2013 (Thursday); and

(b) in respect of applications by the Entitled Depositary Interest Holders, 3.00p.m. (UK time) on 28 February 2013 (Thursday).

Accordingly, the indicative timetable for the implementation of the Preferential Offering is now revised and set out as follows:

 
Opening Date of the             :  14 January 2013 
 Preferential Offering 
Closing Date of the             :  28 February 2013 at 
 Preferential Offering              3.00p.m. (Singapore 
 for the Entitled Scripholders      time) 
Closing Date of the             :  28 February 2013 at 
 Preferential Offering              3.00p.m. (UK time) 
 for the Entitled Depositary 
 Interest Holders 
Expected date of commencement   :  7 March 2013 
 of trading of Preferential 
 Offering Shares on AIM 
Expected date for refund        :  14 March 2013 
 of unsuccessful applications 
 (if any) 
 

The dates set out in the timetable above are indicative only and are subject to change at the Company's absolute discretion. The Company intends to announce any change (including any determination of the relevant dates) to the timetable above once the Company becomes aware or determines the necessity of such changes.

All capitalised terms used but not defined herein shall have the same meaning ascribed to them in the Offering Letter and which were also set out at the end of the announcement released on the 14 January 2013 in relation to the despatch of the Offering Letter, unless expressly provided or the context requires otherwise.

ENDS

About Alternative Energy

Alternative Energy Limited is headquartered in Singapore. Through its team of Singapore based engineers, Alternative Energy has developed a number of technologies including its patented roof based energy system, the eRoof. The Company is now producing its third generation eRoof for commercial roll out this year. The Company is also developing a number of energy saving technologies designed to reduce power consumption, led by its LED lighting systems, which will combine with its energy generation systems to enable the creation of energy self sufficient buildings.

'NOW THE WORLD HAS AN ALTERNATIVE' (TM)

For further information please see the Company's website: www.alternativenergy.com.sg or please contact:

Richard Lascelles, Independent Non-executive Director Tel: [phone]

Roland Cornish, Emily Staples and James Biddle, Beaumont Cornish Limited Tel: [phone]

Eric Goh, Executive Director Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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