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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mast Energy Developments Plc | LSE:MAST | London | Ordinary Share | GB00BMBSCV12 | ORD GBP0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.01 | 4.44% | 0.235 | 0.22 | 0.25 | 0.24 | 0.225 | 0.225 | 18,975,688 | 11:46:53 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electric Services | 1.04M | -2.73M | -0.0104 | -0.22 | 606.86k |
TIDMMAST
RNS Number : 3143W
Mast Energy Developments PLC
11 December 2023
Mast Energy Developments PLC
(Incorporated in England and Wales)
(Registration Number: 12886458)
LEI :213800HFVHGJ9YGO9F71
Share code on the LSE: MAST
ISIN: GB00BMBSCV12
('MED' or 'the Company')
Dated: 11 December 2023
Mast Energy Developments PLC ('MED' or 'the Company')
MED Binding Joint Venture Agreement Completion Update
Mast Energy Developments PLC, the UK-based multi-asset owner, developer and operator in the rapidly growing flexible power market, announces that further to its previous announcements dated 23 October 2023, 13 November 2023, and 1 December 2023 respectively, the MED board have received sufficient verbal and written evidence from Proventure as well as its funders that the initial Interim Payment of GBP2m will be paid to the JV SPV between 15 to around 20 December 2023, subject to signature of definitive agreements. Resultingly, after due and careful consideration, MED has extended the time allowed accordingly for Proventure to remedy its current position and to perform its obligations under the binding JVA.
ENDS
This announcement contains inside information for the purposes of the UK version of the Market Abuse Regulation (EU No. 596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 ('UK MAR'). Upon the publication of this announcement, this inside information is now considered to be in the public domain.
For further information please visit www.med.energy or contact:
Pieter Krügel Info@med.energy Mast Energy CEO Developments PLC Jon Belliss +44 (0)20 7399 9425 Novum Securities Corporate Broker ------------------------------ -------------------- ----------------- Zainab Slemang zainab@lifacommunications.com Lifa Communications Investor & van Rijmenant Media Relations Advisor ------------------------------ -------------------- -----------------
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END
UPDFFASWFEDSEDE
(END) Dow Jones Newswires
December 11, 2023 02:52 ET (07:52 GMT)
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