Completion of Disposal of AIM PowerGen Corporation

 

TIDMRWE 
 
RNS Number : 1965B 
Renewable Energy Generation Ltd 
22 October 2009 
 

 
 
Press Release22 October 2009 
 
 
Renewable Energy Generation Limited 
("REG" or the "Company") 
Completion of Disposal of AIM PowerGen Corporation 
 
 
Renewable Energy Generation Limited (AIM: RWE) announces that, further to the 
announcement made on 30 September 2009, it completed yesterday the sale of AIM 
PowerGen Corporation (REG's wholly owned Canadian subsidiary) to International 
Power Canada, Inc. (the "Sale"). 
 
 Under rule 15 of the AIM Rules for 
Companies, the Sale was deemed to be a sale resulting in a fundamental change of 
business of REG and accordingly the Sale was conditional, inter alia, on 
approval by the shareholders of the Company ("Shareholders") of an ordinary 
resolution proposed at the extraordinary general meeting of the Company convened 
on 16 October 2009 for, amongst other things, that purpose (the "EGM"). 
As announced by the Company on 16 October 2009, this ordinary resolution was 
duly passed by Shareholders at the EGM and, as all other conditions to the Sale 
have now been satisfied, the Sale was completed today. 
REG's preliminary results for the year ended 30 June 2009 will be announced on 
19 November 2009. 
 
 
Contacts: 
Renewable Energy Generation Ltd                                       Tel: 01483 
901 790 
Andrew Whalley, Chief Executive Officer 
David Crockford, Finance Director 
Lexicon Partners (Financial Adviser to REG)                         Tel: 020 
7653 6000 
Read Gomm 
 Hichem Zebidi 
Numis Securities Ltd 
Tel: [phone] 
Nominated Advisor: Simon Blank / Hugh Jonathan 
Corporate Broker: David Poutney / Charlie Farquhar 
 
 
Hogarth Partnership Ltd 
Tel: [phone] 
Sarah MacLeod 
Julian Walker 
Vicky Watkins 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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