Alternative Energy Limited Final Results and Suspension (9152K)

TIDMALR

RNS Number : 9152K

Alternative Energy Limited

30 June 2014

ALTERNATIVE ENERGY LIMITED

("AEL" or the "Company")

Final results for the year ended 31 December 2013

Trading in the Company's ordinary shares was suspended today pending publication of the Company's audited accounts for the year ended 31 December 2013.

In the course of carrying out its audit for the year ended 31 December 2013 the Company has been reviewing with its auditors the carrying value of its intellectual property portfolio ("IPP"). Whilst the Company now believes that it will be in a position to commence production for anticipated sales of its eRoof products based on patents granted and applied for, the Company and its auditors have not finalised their review of the IPP in time to publish the final year end results today. The Company is working with its auditors to agree a position with a view to releasing the final results for 2013 as soon as possible.

For further information please see the Company's website: www.alternativenergy.com.sg or please contact:

 
ALTERNATIVE ENERGY LIMITED 
 Richard Lascelles, Independent Non-executive Director  Tel: +44 (0) 20 7408 1067 
  Eric Goh, Executive Director                           Tel: +65 68737782 
 
BEAUMONT CORNISH LIMITED (Nomad) 
 Roland Cornish and Emily Staples                       Tel: +44 (0) 20 7628 3396 
PETERHOUSE CORPORATE FINANCE (Broker) 
Lucy Williams                                           Tel: +44 (0) 20 7469 0930

This information is provided by RNS

The company news service from the London Stock Exchange

END

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