30th Sep 2013 13:23
30 September 2013
Greenko Group plc
("Greenko" or "the Company")
Application of the City Code on Takeovers and Mergers (the "Takeover Code")
As a result of the amendments to the Takeover Code that come in to force today, Greenko, the Indian developer, owner and operator of clean energy projects, announces that with immediate effect it is a company that is subject to the Takeover Code. These amendments supersede articles 76 and 77 of the Company's Articles of Association, which replicated provisions of the Takeover Code.
-Ends-
For further information please visit www.greenkogroup.com or call:
Greenko Group plc Anil Chalamalasetty / Mahesh Kolli Vasudeva Rao Kaipa / Mark Thompson |
+44 (0)20 7920 3150 |
Arden Partners plc Richard Day / Adrian Trimmings |
+44 (0)20 7614 5917 |
Tavistock Communications Matt Ridsdale / Mike Bartlett |
+44 (0)20 7920 3150 |
About Greenko
Greenko is a mainstream participant in the growing Indian energy industry and a market leading owner and operator of clean energy projects in India utilising a de-risked portfolio of wind, run-of-river hydropower, natural gas and biomass assets. The Group is now focused on building new utility scale wind farms and hydropower projects across India. Greenko intends to increase the installed capacity it operates by winning concessions to develop and build new greenfield assets, as well as making selective acquisitions which enhance shareholder value.
Greenko's portfolio is carefully planned and managed to ensure it offers investors diversification and spreads its risk across a number of projects that utilise various well-proven environmental technologies. The Company's goal is to reach 1,000 MW of operational capacity in 2015 and approximately 2,000 MW in 2018.
With a core belief in sustainability both operationally and environmentally, Greenko endeavours to be a responsible business playing an important role in the community beyond its role in the power generation industry. The Company maintains a continuous involvement in localised projects and community programmes which centre on education, health and wellbeing, environmental stewardship and improving rural infrastructure.
Greenko Group plc was admitted to trading on the AIM market of the London Stock Exchange (LSE: GKO) in November 2007.
Related Shares:
GKO.L