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Andalas Energy & Pwr - Review of Strategy

RNS Number : 5136D
Andalas Energy And Power PLC
20 February 2020
 

For immediate release

20 February 2020

 

Andalas Energy and Power Plc

('Andalas' or the 'Company')

Review of Strategy

 

Andalas Energy and Power plc (AIM:ADL) is pleased to announce that, following the recent changes to the Board as announced on 4 February 2020, the Board and Management are to conduct a review of the business with a view to formulating a revised strategy.

This review will address the current assets in the UK and Indonesia as well as additional growth options in order to maximise the value of the existing platform.

The Board expects to complete its review within the next two weeks with further communications to follow soon thereafter.

It was earlier announced that the Company proposes a name change to Advance Energy plc subject to shareholder approval at a General Meeting scheduled for 26 February.

 

 

For further information, please contact:

Leslie Peterkin

Andalas Energy and Power Plc
c/o FIM Capital Limited

Tel: +44 1624 681250

Graham Smith

FIM Capital Limited

Tel: +44 1624 681250

Roland Cornish/ James Biddle

Beaumont Cornish Limited
(Nominated Adviser)

Tel: +44 20 7628 3396

Colin Rowbury

Novum Securities Limited
(Joint Broker)

Tel: +44 207 399 9427

Christian Dennis

Optiva Securities Limited
(Joint Broker)

Tel: +44 20 3411 1881

 


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