22nd Dec 2008 12:27
19 December 2008
Renewable Energy Holdings plc
("REH" or "the Company")
Director Options
Renewable Energy Holdings plc (AIM: REH), the AIM quoted investor and operator of proven and innovative renewable energy technologies, announces that the following options to purchase new ordinary shares in REH were issued to Michael J Proffitt, a director, on the following date:
|
Date of Issue |
Number of shares under option |
Exercise price (pence) |
|
17 December 2008 |
150,000 |
50.0p |
All options have a vesting period of three years and a ten year contractual term from the date of the grant.
As a result of the option issues set out above, Michael J Proffitt is interested in options to purchase 1,875,000 new ordinary shares in REH.
For further information please contact:
|
Mike Proffitt, Chief Executive |
|
|
Renewable Energy Holdings plc |
Tel: 01624 641199 |
|
|
|
|
Richard Swindells / Andrew Craig / Ben Wright |
|
|
Ambrian Partners - Nominated Adviser & broker to REH |
Tel: 020 7634 4700 |
|
|
|
|
Samantha Robbins / Paul Dulieu |
|
|
Redleaf Communications |
Tel: 020 7566 6700 |
Notes to Editors
Recent news
About Renewable Energy Holdings plc
Renewable Energy Holdings ("REH") is an international company established to be an investor in and operator of both proven and innovative renewable energy technologies.
REH owns two operational wind farm sites in Germany, Kesfeld (32.5MW) and Kirf (8MW). In addition, REH is at various stages of development of further wind farm sites in Poland and Wales.
REH owns a methane Landfill Gas Project in Powys, Wales which is at an early stage of gas collection, currently producing at 1MW and which is expected to increase as the landfill matures.
CETO is REH's innovative wave power technology. It is the first wave power converter to sit on the seabed, where it is invisible, safe from storms and ocean forces, and self contained. Unlike other wave energy technologies that require undersea grids and costly marine qualified plant, CETO requires only a small diameter pipe to carry high pressure seawater ashore to either a turbine to produce electricity, or to a reverse osmosis filter to produce fresh water. CETO is currently deployed off Fremantle, Western Australia undergoing commercial testing.
The Directors and executive team of REH have extensive experience in both the conventional and renewable energy sectors, both in the UK and overseas, and through their experience have built a broad international network of relationships with individuals, companies, governments and lobby groups.
The Company was incorporated in the Isle of Man on 8 October 2004 and listed on the London Stock Exchange's AIM in February 2005.
Further information can be found at www.reh-plc.com.
Related Shares:
REH.L