11th Mar 2008 07:01
Alkane Energy PLC11 March 2008 For immediate release 11 March 2008 Alkane Energy plc ("Alkane" or "the Company") Offer talks terminated Alkane Energy plc (AIM:ALK) announced on 8 October 2007 that it was in talks regarding a potential offer for the Company. Following further discussions, it has not been possible to reach agreement on terms of a formal offer which the Board of Alkane feels adequately reflects the value of the Company and which it is able to recommend to shareholders. As a consequence, the Board of Alkane announces that all discussions relating to an offer have now ceased and that the Company is no longer in an Offer Period. The Board of Alkane remains committed to continuing to grow power generationcapacity and output from coal mine methane plants and is encouraged by thecontinuing strength of the wholesale electricity market. The current financial year has started well and Alkane is trading in line withmanagement expectations with contracted income extending well into 2009. Alkanewill announce its preliminary results for the year ended 31 December 2007 on 19March 2008. Contacts: Alkane Energy plc 01623 827 927Cameron Davies, Chief ExecutiveSteve Goalby, Finance Director Brewin Dolphin Investment Banking 0845 270 8610Andrew Emmott Buchanan Communications Limited 020 7466 5000Ben WilleyMiranda Higham This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Alkemy Capital.