DGAP-News: World Energy Holdings&Research PLC signs Letter of Intent
ID: 442389
of Intent
World Energy Holdings&Research PLC signs Letter of Intent
18.07.2011 / 07:48
---------------------------------------------------------------------
World Energy Holdings&Research PLC signs Letter of Intent after thorough
consideration of several funding proposals from prominent Latin American
Financial Institutions.
Friday July 15th 11:00 (Guatemala City)
World Energy Holdings&Research PLC (WEHR) signs Letter of Intent (LOI)
following the consideration of multiple finance proposals. The finance
proposals submitted to WEHR regard the fulfillment of the remaining funding
requirements for the special purpose entities of WEHR subsidiary, World
Energy Hydro Limited (WEHL); World Energy El Islan S.A., World Energy Sosi
S.A., World Energy Ixtaguacan S.A., World Energy Semuc S.A., and World
Energy Tacana S.A.
All proposals were equally assessed, however, after thorough evaluation,
WEHR elected to sign the finance LOI with Grupo Financiero Occidente.
Having now decided on the financier for the special purpose entities of
WEHL, WEHR have positioned themselves one step closer towards supplying
renewable power to Guatemala.
'We are glad to be receiving this amount of attention from these large
institutions. Our team is satisfied and very confident with the assessment
and decision we have made.. Signing the LOI with Grupo Occidente
represents the great progress being made by the WEHR team.' stated Edgar
Perez, WEHR Chief Executive Officer.
About World Energy Holdings&Research PLC
World Energy Holdings&Research PLC (ISIN GB00B50QMR32, WKN A1C9BX, 0WE )
is a public limited company incorporated in England focusing on the
development of power plants, specifically in Central and Latin America.
World Energy Holdings&Research PLC is admitted to trading on the
Frankfurt Stock Exchange's Entry Standard (Open Market) under symbol '0WE'
(Zero 'W' 'E').
Disclaimer:
This press release is solely for informational purposes and does not
constitute an an offer to sell or a solicitation of an offer to buy any
securities of WEHR. No regulatory authority has approved the press release.
This press release contains forward-looking statements. Forward-looking
statements are not statements of historical fact and reflect the current
assessments, views, assumptions and beliefs made by WEHR or its officers
according to the information available as of the date of this press release
about future events, operating performance, financial condition, business
strategy, WEHR's plans and objectives for future operations and the
industry in which it operates. Forward-looking statements are subject to
known and unknown risks, uncertainties and other factors which may cause
actual outcomes to differ materially from those suggested in this press
release. WEHR undertakes no obligation to publicly update or review any
forward-looking statement, whether as a result of new information, future
events or developments or otherwise. All subsequent written and oral
forward-looking statements attributable to WEHR and those acting on its
behalf, are expressly qualified in their entirety by the foregoing.
Enquiries to:
World Energy Holdings&Research PLC?Andy Somoza, CFO?Tel: +502-2378-6400
End
End of Corporate News
---------------------------------------------------------------------
18.07.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
132284 18.07.2011Unternehmensinformation / Kurzprofil:
Datum: 18.07.2011 - 07:48 Uhr
Sprache: Deutsch
News-ID 442389
Anzahl Zeichen: 4334
Kontakt-Informationen:
Kategorie:
Wirtschaft (allg.)
Diese Pressemitteilung wurde bisher 213 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: World Energy Holdings&Research PLC signs Letter of Intent"
steht unter der journalistisch-redaktionellen Verantwortung von
World Energy Holdings&Research PLC (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
