Check out the pending website under Construction
http://www.grewenergy.com/ Notice that GREW is in white and Energy is in Green is that being SYMBOLIC??? Only when management allots additional shares (i.e. equivalent to issuing authorized shares) will we know for certain who gets what of this $100,000,000 waste to energy deal. We will have to wait for an official PR from the company or additional filings from Ireland under Grew Energy PLC as the story unfolds. http://www.solocheck.ie/Irish-Company/Grew-Energy-Public-Limited-Company-426538 3 OVERSEAS PRESS RELEASES ABOUT THE WASTE TO ENERGY
MOU/DEAL WITH GREW ENERGY PLC
Local Company Mubadara Signs Joint Venture Agreement With Irish Green Technology Company in Riyadh
Monday, April 27, 2015
Local Company Mubadara today announced that it has signed a joint venture with Irish waste to energy technology company Grew Energy plc to establish a $100 million plant within the industrial region of Riyadh
The joint venture will “showcase” the grew energy technology with a view to developing future similar type operations throughout the kingdom. The deal will initially generate annual revenues of around $10m, with potential to grow substantially over the next 2 years
Mubadara and grew energy signed the agreement in Riyadh this morning in the presence of Saudi minister and Irish minister Mr Richard bruton
Announcing the agreement, Khalid Othman, chief executive officer of mubadra, said: Waste management in Saudi Arabia is a growing issue and our joint venture with grew energy is well equipped to deliver a safe sustainable solution in Riyadh and nationwide
Mr.khalid went on to say, mubadara is delihted to have come across grew energy in its search for suitable technology partner. We have witnessed first-hand the energy technology, along with the in-depth technical expertise and skillset of its much experienced team
Mr pearse o`kane, coo of grew energy said: Mubadra`s multi-disciplined group of companies comes with a clear understanding of these particular market requirements, which nicely complements our technology and services. This agreement represents the beginning of excellent opportunity for both our companies, he added
Congratulating mubadra on its announcement, minister said:I`d like to warmly congratulate mubadara on signing this significant agreement. This partnership with grew energy is remarkable achievement for an entrepreneurial Saudi company. Mubadra is a fine example of the success that specialized Saudi companies can achieve by securing world class technologies and clint-tailored solutions. I wish them every success in this partnership and with their future plans.
Minister bruton added his best whishes to the partnership commenting: The promotion of green policy is leading priority for both our respective governments and partnerships such as this one represents a significant step forward in the direction of greener, more sustainable future.
DOCUMENT #58272776 from the Irelands Company Filings shows the Increase of Shares Notice the words Un-issued Ordinary shares. As of right now there are only 380,920 issued ordinary shares and from the previous B5 allotment form Greenworld Development thru its subsiduary owns 49.7% of this GREW Energy PLC but as of 5.21.2015 other shares were issued diluting ownership (CHECK POST 661). This is a similar process to increasing the authorizable shares here in America.
GREW ENERGY PUBLIC LIMITED COMPANY RECORDED 5.1.2015 EFFECTIVE 4.17.2015
Passed by way of Members written resolution in accordance with the Articles of Association on the 11• day of April 2015
SUB-DIVISION OF SHARES
AMENDMENT TO CLAUSE 4 OF THE
THAT, the 9,961,908 unissued ordinary shares of €1.00 each in the capital of the Company be and are hereby sub-divided into 99,619,080 ordinary shares of €0.10 each.
THAT the 38,092 issued ordinary shares of €1.00 each be and hereby sub
divided into 380,920 ordinary shares of €0.10 each
THAT the first sentence in Clause 4 of the Memorandum of Association be and is hereby amended to read as follows:
ASSOCIATION 4. The company's share capital is €10,000,000 divided into 100,000,000 ordinary shares of €0.1 each
AMENDMENT TO ARTICLE 2 OF THE ARTICLES OF
THAT Article 2 of the Articles of Association be and is hereby amended to read as follows
ASSOCIATION 2. The Share Capital of the Company is €10,000,000 divided into
100,000,000 ordinary shares of €0.10 each.
DIRECTOR Wolfgang Heinl