10th Jan 2011 07:00
10 January 2011
Renewable Energy Holdings plc
("REH" or the "Company")
Shareholding in Carnegie Wave Energy Limited ("CWE")
Following the recent successful fundraising by CWE, which was announced on 24 December 2010, REH confirms that its shareholding in CWE remains at 232,600,000 shares. Following the issuance of the new shares its shareholding now represents 27.08% of the enlarged share capital of CWE. REH is pleased that the fundraising will enable CWE to pursue its stated business plan and continues in its belief that its investment will create shareholder value for REH.
For further information, please contact:
Renewable Energy Holdings plc Mike Proffitt, Chief Executive
| Tel: +44 (0) 16 2464 1199 |
Strand Hanson Limited Rory Murphy / James Spinney
| Tel: +44 (0) 20 7409 3494 |
Novus Capital Markets Ltd Charles Goodfellow / Paul Dudley
| Tel: +44 (0) 20 7107 1872 |
Financial Dynamics Billy Clegg / Ed Westropp / Alex Beagley | Tel: +44 (0) 20 7831 3113 |
Related Shares:
REH.L