20/10/2008 Kedco Group plc to AIM.
20 October 2008**
The London Stock Exchange is delighted to welcome Kedco Group plc to AIM.
Kedco joins AIM with a market capitalisation of €35.0m and specialises in the generation of electrical power from sustainable fuels.
Sourcing technologies for sale to medium-sized waste operators, local municipal authorities, food companies and agricultural operators, Kedco has identified more than 25 opportunities in the UK and Ireland to establish partnerships with customers to own and operate electrical generation plants which convert waste into energy. Kedco aims to benefit from the long-term recurring revenue generated by the sale of the electricity these plants will produce.
Kedco’s proposition offers customers who face increasing legislative and regulatory cost pressures the opportunity to create a revenue-generating opportunity from waste materials that might otherwise incur significant disposal costs. The Directors believe that Kedco’s significant experience in sourcing effective technologies and potential partners provides it with an early-mover advantage in the marketplace.
Donal Buckley, Chief Executive of Kedco plc, commented:
“We are delighted and proud to be joining AIM today. We believe that our presence on AIM will raise our profile among new and existing customers, enhancing their understanding of our proposition and its revenue generating opportunities. Our AIM listing will also give us access to international capital markets which will provide additional support as we look to build and expand our business.”
Deloitte Corporate Finance is Nominated Adviser to the Company and Lewis Charles Securities is the Company’s Broker. Financial Dynamics is acting as Kedco’s Financial PR adviser.