Drax Group Satisfied conditions for proposed acquisition of Pinnacle Renewable Energy

Forestry
[shareaholic app="share_buttons" id_name="post_below_content"]

On 8 February 2021, Drax Group plc (LON:DRX) announced that it had entered into an agreement to acquire the entire issued share capital of Pinnacle Renewable Energy Inc.. On 31 March 2021, Drax announced that the Acquisition had been approved by Drax Shareholders at the General Meeting and Pinnacle announced that the Acquisition had been approved by Pinnacle Shareholders.

Drax Group has now announced that on 6 April 2021 the Supreme Court of British Columbia granted the Final Order. All of the conditions to the Completion of the Acquisition have now been satisfied or waived (other than conditions which can only be satisfied at Completion) and Completion is expected to occur on 13 April 2021.

Capitalised terms used but not defined in this announcement have the meanings given to them in the Circular.

Twitter
LinkedIn
Facebook
Email
Reddit
Telegram
WhatsApp
Pocket
Find more news, interviews, share price & company profile here for:
Drax Group Plc partners with Pathway Energy to supply sustainable aviation fuel, driving innovation and meeting ambitious sustainability goals by 2029.
Drax Group CFO Andy Skelton announces retirement, with a successor search underway as he continues in his role until a replacement is found.
Drax Group plc (LON:DRX) announces the sale of up to 90,000 SME customer meter points from Opus Energy to EDF Energy, reinforcing its decarbonization strategy.
Gervais Williams of Diverse Income Trust praises Drax Group plc (LON:DRX) for its leading position in renewable energy, highlighting strong financial performance and future potential.
Gervais Williams, Co-Fund Manager of The Diverse Income Trust, shares insights on UK's market, economy post spring budget, including company-specific analysis.

Search

Search