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- Renewable Energy Generation’s board recommends liquidation at 60p
Renewable Energy Generation has provided an update on the proposed sale of the Group’s Business to a fund managed by BlackRock, which values the company’s equity, before exit costs, at £64.5m. The board is recommending that shareholders approve the proposals related to the transaction and an EGM is being convened on 18 December 2015. If the proposals are approved, it is expected that the transaction a liquidating distribution in the region of 60p will be made to shareholders around the 29 January 2016. To save cutting and pasting, the full text of the announcement is included in the attached pdf below.
151202 Renewable Energy Generation Limited – RNS
Renewable Energy Generation’s board recommends liquidation at 60p : WIND