New q out today http://filings.irdirect.net/dat
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Posted On: 11/20/2017 5:23:06 PM
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.
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