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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Energy Asset | LSE:EAM | London | Ordinary Share | GB00B06LR386 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.15 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMEAM RNS Number : 8561W Energy Asset Management PLC 04 August 2009 FOR IMMEDIATE RELEASE 4 August 2009 ENERGY ASSET MANAGEMENT PLC ("EAM" or "the Company") RESULTS OF AGM CHANGE OF NAME TO RICMORE CAPITAL PLC INVESTING POLICY APPROVED The Company is pleased to announce that at the Annual General Meeting held on Friday 31 July 2009, all Resolutions were passed. Accordingly, the Company intends to adopt a modified investing policy which will comply with the revised AIM Rules for investing companies, and which is set out below. In addition, Shareholders approved the Change of Name to Ricmore Capital Plc. Investing Policy The Company will seek to acquire assets, companies or businesses in the United Kingdom, Europe and North America in the energy, environmental and related services sector. The Company may be either an active investor and acquire control of a single company or it may be a passive investor and acquire non-controlling shares or other assets or businesses as is considered to be in the best interests of the Company. The investing policy will be implemented through pro-actively seeking suitable acquisitions, making the use of the professional contacts of the board and its advisors. Any acquisition is likely to be substantially made by way of a share exchange, and with further share capital being raised at the time of the acquisition transaction. All of the Company's resources are likely to be invested in the first acquisition and the use of debt as a source of future funding will be considered, if thought prudent to do so, in the light of nature of the assets, companies or businesses being acquired, and the terms upon which such finance would be available. The board policy is to invest with a view to achieving a material increase in the capital value of the Company, and the working capital requirements of a rapidly growing business are likely to take priority over dividends to shareholders. In the event that more than one asset, company or business is acquired, it will be with a view to building, for the long term, a coherent group operating under a holding company without cross-holdings. Change of name Following shareholder approval, the Company will change its name to Ricmore Capital Plc (AIM: RCAP) with effect from Thursday 6 August 2009 . The new website which contains the information required under AIM Rule 26 will be available at www.ricmorecapital.co.uk Contact: John Shaw, Energy Asset Management PLC on 07973 826613 Roland Cornish, Beaumont Cornish Limited on 020 7628 3396 This information is provided by RNS The company news service from the London Stock Exchange END MSCUSUORKKRWRAR
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