(Total Views: 216)
Posted On: 11/20/2017 5:23:06 PM
Post# of 487
New q out today
http://filings.irdirect.net/data/1221554/0001...81_10q.pdf
some interesting pieces provided on restructuring of the PLC groups, on percentages things we didn't know
In October 2017, the Company acquired 45% of Shala Energy Plc, a Republic of Ireland corporation. Subsequent to the acquisition, ownership was increased to 75% by acquiring an additional 30% from Falak Enterprises, a related party. Shala Energy Plc was formed to assist with financing opportunities. Purchase price of the 45% and additional 30% has yet to be determined and no consideration has been transferred. Shala Energy Plc is a recently formed entity with no significant assets or liabilities.
Subsequently, Shala Energy Plc formed a 60% owned subsidiary, 3Power Shala ShpK, as an Albanian Special Purpose Vehicle (“SPV”) as required by Albanian law, to bid and to successfully acquire an 83.5MW Shala River Concession.
http://filings.irdirect.net/data/1221554/0001...81_10q.pdf
some interesting pieces provided on restructuring of the PLC groups, on percentages things we didn't know
In October 2017, the Company acquired 45% of Shala Energy Plc, a Republic of Ireland corporation. Subsequent to the acquisition, ownership was increased to 75% by acquiring an additional 30% from Falak Enterprises, a related party. Shala Energy Plc was formed to assist with financing opportunities. Purchase price of the 45% and additional 30% has yet to be determined and no consideration has been transferred. Shala Energy Plc is a recently formed entity with no significant assets or liabilities.
Subsequently, Shala Energy Plc formed a 60% owned subsidiary, 3Power Shala ShpK, as an Albanian Special Purpose Vehicle (“SPV”) as required by Albanian law, to bid and to successfully acquire an 83.5MW Shala River Concession.
(2)
(0)
All of my posts are my opinion only and are not meant to be investment advice.
