RENERGEN LIMITED - Liquified Natural Gas Sales Agreement Concluded and Withdrawal of Cautionary
REN 201805210039A
Liquified Natural Gas Sales Agreement Concluded and Withdrawal of Cautionary
RENERGEN LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2014/195093/06)
Share code: REN ISIN: ZAE000202610
(“Renergen” or “the Company”)
Liquified Natural Gas Sales Agreement Concluded and Withdrawal of
Cautionary
Shareholders are referred to the cautionary announcements, the last
of which was released on 8 May 2018 wherein the Company announced
that it was in discussions with various parties to secure offtake
agreements, which may have a material effect on the price of the
Company’s securities.
Renergen and Anheuser-Busch InBev SA/NV, through their respective
subsidiaries Tetra4 Proprietary Limited (“Tetra4”) and The South
African Breweries Proprietary Limited (“SAB”), are pleased to
announce the conclusion of an off-take agreement for the provision
of natural gas by Tetra4 to SAB to use in displacing diesel use in
trucks (the “Agreement”).
The Agreement sees the initial roll out of compressed natural gas
to a small fleet of trucks in the Gauteng area, using gas from
Tetra4’s Virginia operations. This will be upgraded to a
significantly larger fleet to run on liquified natural gas (“LNG”)
once Tetra4’s plant reaches operational status in 2019.
“This agreement with SAB marks another large scale South African
logistics operation to use new age fuels. The use of LNG not only
drastically reduces carbon emissions, but has the added advantage
of improving the vehicle’s lifecycle maintenance and reduces the
operator’s cost significantly. Renergen wants to remain a pioneer
in alternative energy sources, and is proud to be associated with
SAB in such a landmark agreement,” said Renergen CEO Stefano Marani.
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Following the release of this announcement caution is no longer
required to be exercised by shareholders of Renergen when dealing
in Renergen shares.
Email investor queries to investorrelations@renergen.co.za
Johannesburg
21 May 2018
Designated Adviser
PSG Capital
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