NTR Announces Its Intention To Seek To Provide A Liquidity Event Within Two to Three Years
Dublin, 8th December 2010: Shareholders of NTR plc, the international renewable energy group, were informed today of the company’s intention to seek to provide a significant liquidity event within the forthcoming two to three year timeframe, at the Group’s AGM, held in Dublin.
NTR’s Chief Executive, Jim Barry, told shareholders that the strength of the Group’s balance sheet remains foremost in its thinking and that the Board of NTR plc anticipates that a number of options are open to the Group, which will enable the company to contemplate such a liquidity event within a two to three year horizon.
The company has previously provided a significant liquidity event to its shareholders by way of a share redemption in July 2008, following the sale of its interests in the West-Link toll facility and Airtricity Holdings Ltd. At that time, NTR disbursed €252 million to shareholders.
A final dividend of 4.94 cent per share was approved for the year ending 31st March 2010, resulting in a total dividend of 7.22 cent per share for the year.
Notes To Editors
About NTR plc
NTR plc, the international renewable energy group, builds and runs green energy and resource sustaining businesses. Founded in 1978, NTR has evolved from being a developer and operator of infrastructure in Ireland to an international developer and operator of renewable energy (wind, solar and ethanol) and sustainable waste management businesses in the USA and Ireland. The Group employs over 2,000 people. www.ntrplc.com
Issued on behalf of NTR plc by:
For Ireland - Heneghan PR, Nigel Heneghan / Rachel Watchorn: Tel + 353 1 660 7395
For USA - Brunswick Group, Oliver Philips / Dominic McMullan: Tel + 1 212 333 3810