The Directors of Sustainable Eco Energy Management Ltd., (“SEEM”) are delighted to announce that the Company has acquired the goodwill and assets of the energy companies owned by Planet Matters Business Club. These comprise:
Living Solutions Global Ltd. (formerly Compress Energy) &
Compress Energy East Ltd &
Compress Energy West Ltd &
Compress Oil Ltd &
Compress Battery Ltd,
This acquisition was conducted in tandem with a tender offer to the shareholders of the energy companies at purchase ratio of 1 new SEEM ‘A’ ordinary share for every 10 shares held in the respective energy companies. Energy company shareholders were also offered the opportunity to acquire additional A shares in SEEM at a discounted price of £0.25 per share., under the approved SEIS program.
The Board of Directors of SEEM is delighted to welcome the company’s new shareholders and would like to express its thanks for their support.
Chairman & CEO, SEEM, Michael Burton-Prateley commented:
“I am delighted to announce this acquisition, which brings tested technologies for energy storage to our portfolio. These technologies are complementary to our existing stored energy product, SEEfuel, which is produced in the first stage of our proprietary waste to energy process. All of our energy storage technology solutions are ideal for deployment in remote locations, particularly in emerging world economies. They are robust, low maintenance and effective.”