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Change in trading currency

30th Nov 2010 15:08

RNS Number : 0952X
Kedco PLC
30 November 2010
 



30 November 2010

 

Kedco plc

 

("Kedco" or the "Company")

 

Change in trading currency

 

 

Kedco plc (LSE: KED.L), the cleantech group focusing on clean energy production in the UK, Ireland and Eastern Europe, announces that as of 8.00 a.m. on 3 December 2010 the trading denomination of the Company's ordinary shares of €0.01 each (the "Ordinary Shares") will change from Euro to Pounds Sterling.

 

Kedco has taken the decision to change the trading denomination of the Ordinary Shares in order to better reflect its status as an entity that currently generates the majority of its revenues in non-Euro currency. In addition, Kedco's two most imminent power generation projects are anticipated to generate revenues in Sterling.

 

The Sterling value of the Ordinary Shares at 8.00 a.m. on 3 December 2010 will be based upon the prevailing Euro to Sterling exchange rate as at 4.00 p.m. on 2 December 2010 as extracted from Reuters. Shareholders should note that the nominal value of the Ordinary Shares, being €0.01 each, will not be affected by this change. However from 8.00 a.m. on 3 December 2010, the settlement of trades in the Company's Ordinary Shares will be effected in Pounds Sterling.

 

 

For additional information please contact:

 

Kedco plc

Donal Buckley, Chief Executive / Gerry Madden, Finance Director

 

+353 (0)21 467 0427

Deloitte Corporate Finance - Nomad

Jonathan Hinton / David Smith

+44 (0)20 7936 3000

 

SVS Securities plc - Broker

Ian Callaway / Alex Mattey

+44 (0)20 7638 5600

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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