RGY Reenergy

 

TIDMRGY 
 
RNS Number : 6487D 
ReEnergy Group PLC 
04 December 2009 
 

ReEnergy Group Plc 
('ReEnergy' or the 'Company') 
 
 
Investing Policy 
 
 
04 December 2009 
 
Further to the changes to the AIM Rules for Companies affecting investing 
companies which came into effect on 1 June 2009 (the "AIM Rules"), the Company's 
re-stated investing policy, in line with new the definition of Investing Policy 
under the new AIM Rules, is set out below: 
 
Investing Policy 
 
The Company's Investing Policy is to focus on identifying and acquiring 
established businesses and investment opportunities in Europe, however other 
geographical areas will be considered should appropriate opportunities occur 
which could benefit shareholders of the  Company. By actively investing in 
businesses with complementary areas of expertise, which may for example include 
real estate, waste recycling, business support services and marketing, the 
Directors believe that it is possible to generate considerable opportunities for 
the cross selling of services between different operations and countries. 
 
 
The Directors in particular have identified and been reviewing a number of 
acquisition opportunities in line with the Investing Policy and which are at an 
advanced stage of negotiation. Further announcements will be made as 
appropriate. 
 
 
The Company may invest by way of outright acquisition or by the acquisition of 
assets, including the intellectual property, of a relevant business, 
partnerships or joint venture arrangements. Such investments may result in the 
Company acquiring the whole or part of a company (which in the case of an 
investment in a company may be private or listed on a stock exchange, and which 
may be pre-revenue). The Company's investments may take the form of equity, 
joint venture debt, convertible instruments, licence rights, or other financial 
instruments as the Directors deem appropriate. 
 
The Company will be both an active and a passive investor and the Directors will 
place no minimum or maximum limit on the length of time that any investment may 
be held. 
 
There is no limit on the number of projects into which the Company may  invest, 
nor the proportion of the Company's gross assets that any investment may 
represent at any time and the Company will consider all suitable opportunities. 
There are no restrictions in the type of investment that the Company might make 
nor on the type of opportunity that may be considered other than set out in this 
Investing Policy. 
 
 
Under Rule 41 of the AIM Rules, ReEnergy has until 31 January 2010 to complete 
an acquisition or investment that constitutes a reverse takeover under the AIM 
Rules in line with the Investing Policy. In the event that such an acquisition 
has not been made by the Company by 31 January 2010 trading in the Company's 
shares on AIM will be cancelled. 
 
 
For further information please contact: 
 
 
ReEnergy Group plc 
Jonathan Allen, Non-Executive Director     Tel: +44(0)20 7432 0340 
 
 
Allenby Capital Limited                                           Tel: +44(0)20 
3328 5656 
Imran Ahmad 
Nick Athanas 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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