11th Jul 2014 16:10
Rame Energy / Index: AIM / Epic: RAME / ISIN: JE00BBD8GG53 / Sector: Energy
11 June 2014
Rame Energy plc ("Rame" or the "Company")
Update on Notice of AGM
Rame Energy plc, the international energy consultant, engineer and power generator, announces that the Company has today posted an updated Notice of AGM and Proxy Form to shareholders.
The previous ordinary resolution 5 has been removed following the resignation of Fernando Cubillos from the board and the previous special resolution 11 has also been removed. The updated version will be available on the Company's website today. The changes outlined above are the only amendments and the date and time of the meeting are unchanged.
**ENDS**
Enquiries
Rame Energy plc | Tel: +44 (0) 1752 565638 |
Tim Adams (Chief Executive) |
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Jan Gawel (Finance Director) |
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Northland Capital Partners Limited | Tel: +44 (0) 20 7382 1100 |
Nominated Adviser and Broker | |
Matthew Johnson / Louis Castro / Lauren Kettle (Corporate Finance) | |
John Howes / Mark Simpson (Corporate Broking) | |
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St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
Elisabeth Cowell / Frank Buhagiar |
Notes
Rame is an established revenue generative global supplier of cost effective, technically optimised and reliable power generation solutions including wind, solar and diesel to blue chip clients such as Akzo Nobel, Anglo American, Barrick Gold and Codelco. The Company has executed its first joint venture agreement with Santander Investment Chile Limitada to co-finance its first two wind projects totalling 15 MW, in which Rame will have a 20% equity participation. The debt package for the two projects is being provided by Chilean bank, Banco BICE.
Rame aims to become a niche Independent Power Producer ("IPP") targeting an operational portfolio of 300MW in Latin America within three years. The Company plans to build on its proven track record of delivering power in South America where it has been involved in the development of approximately 23% of Chile's installed wind power capacity (as at 31 December 2013).
Related Shares:
RAME.L