7th Oct 2010 11:30
7 October 2010
Renewable Energy Holdings plc
("REH" or the "Company")
Proposed Share Acquisition by the Company
On 30 September 2010, REH announced that it intended, subject to the necessary shareholder approval, to embark on a share buyback programme to attempt to remove the downward pressure on the price of the Company's shares as a result of institutional sellers (the "Buyback Programme"). The board of REH (the "Board") has re-considered this intention in light of the recent price rise in REH shares and has resolved not to pursue the Buyback Programme at the present time. The Board will continue to review this decision as it deems appropriate.
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For further information, please contact:
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Renewable Energy Holdings plc Mike Proffitt, Chief Executive
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Tel: +44 (0)16 2464 1199 |
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Strand Hanson Limited Rory Murphy / James Spinney
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Tel: +44 (0)20 7409 3494 |
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Novus Capital Markets Ltd Charles Goodfellow / Paul Dudley
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Tel: +44 (0)20 7107 1872 |
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Financial Dynamics Billy Clegg / Ed Westropp / Alex Beagley |
Tel: +44(0)20 7831 3113 |
Related Shares:
REH.L