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Update

20th Sep 2021 13:00

RNS Number : 3092M
Plutus PowerGen PLC
20 September 2021
 

 

Plutus PowerGen PLC / Ticker: PPG / Index: AIM

20 September 2021

PLUTUS POWERGEN PLC

("Plutus", the "Group" or the "Company")

 

Update

 

Plutus PowerGen PLC, the AIM listed cash shell, announces that it is in advanced discussions regarding the appointment of a new Financial Adviser alongside the execution of a Heads of Terms for the acquisition of an asset of interest to the Company.

 

The proposed reverse takeover of Ben's Creek Carbon LLC announced 11 June 2021 will no longer be proceeding as the asset owners declined to respond to the Company's invitation to continue with the transaction given the Company is now intending to re-list on the Standard List of the London Stock Exchange versus AIM.

 

The Company will provide a further update in the near future.

 

ENDS

 

For more information please contact:

Plutus PowerGen PLC

Charles Tatnall, Executive Chairman

James Longley, Interim CEO and Finance Director

Tel: +44 (0) 20 8720 6562

 

Turner Pope Investments (TPI) Limited (Joint Broker)

Andy Thacker

 Tel: +44 (0) 20 3657 0050

 

Pello Capital Limited (Joint Broker)

Mark Treharne

Tel: +44 (0) 20 3700 2492

St Brides Partners Limited (Financial PR)

Isabel de Salis

 

[email protected]

 

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END
 
 
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