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Kedco
React Energy plc, formerly Kedco plc, is a bioscience energy company operating in the United Kingdom and Ireland which was established in 2005.〔(Kedco annual report )〕
==Stock market listing==
Kedco floated on the Alternative Investment Market(AIM) of the London Stock Exchange on Monday 20 October 2008.〔(Ireland's Kedco floats on AIM )〕〔(Kedco shares to begin trading on AIM )〕〔(Flotation of Kedco fuels new ventures )〕 Kedco was admitted to the AIM at 17.5c per share giving the company a market capitalisation of €35.0million.〔(Announcement on official website of London Stock Exchange )〕 Share price since launch spiked at over 30 cent a share before falling over the following months and as of early May 2010 stands at 7 cent a share.〔(Kedco Share Price tracker )〕 The company has made significant losses since its foundation in 2005, however losses have fallen along with revenue since an investment by FBD and entry into the LSE.〔Business Plus Magazine, 9 Jan issue〕 On 17 February 2010 the company announced that it had "been unable to secure financing on suitable terms" for a development in Newry, Co. Down and that it may have to "pursue alternative means of maintaining adequate cash reserves including management of its working capital position".〔(Kedco trading update )〕 On 10 May 2010 the company admitted that it had still not been successful in finding alternative funding and announced the appointment of external advisers to assist in this aim.〔(Statement of appointment of adviser )〕 The company was subsequently able to source adequate funding to meet its day to day obligations, however February 2011 saw renewed fears being expressed that the company was about to delist from the AIM.〔(KEDCO Share Chat – Chat About KED Shares – Stock Quotes, Charts, Trade History, Share Chat, Financial Terms Glossary ). Lse.co.uk. Retrieved on 2011-04-01.〕 Subsequently the Chief Executive Officer resigned on 31 March 2011.〔(BRIEF-Kedco CEO Donal Buckley resigns – Finance News – London South East ). Lse.co.uk. Retrieved on 2011-04-01.〕
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