energy founded cork ireland 2005 headquarters cork ireland key people gerry madden ceo founding cfo . william kingston chairperson slogan clean energy generation website www.reactenergyplc.com react energy plc formerly kedco plc is a bioscience energy company operating in the united kingdom and ireland which was established in 2005 . 1 contents 1 stock market listing 2 divisions 3 change of trading name 4 references 5 see also stock market listing edit kedco floated on the alternative investment market aim of the london stock exchange on monday 20 october 2008 . 2 3 4 kedco was admitted to the aim at 17.5 c per share giving the company a market capitalisation of 35.0 million . 5 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 . 6 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 . 7 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 . 8 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 . 9 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 . 10 subsequently the chief executive officer resigned on 31 march 2011 . 11 divisions edit kedco operated 2 distinct divisions targeting both residential and industrial client bases . the power division specialises in power generation from sustainable fuel sources with kedco providing bio science solutions to industrial clients by converting waste into an energy resource . the energy division supplied renewable energy heating products within ireland primarily to residential customers . kedco registered with sustainable energy ireland 12 as wood pellet . 13 14 kedco had originally established a franchise network to supply its wood pellet boilers and stoves to the irish public but most franchisees had terminated their contracts within twelve months citation needed . both divisions remained in operation for a period of time however the company stated in a press release in late 2008 that kedco power constitutes the main part of the company going forward . 15 the company subsequently decided to cease supplying products to the domestic market and since 2012 it has focused exclusively on industrial energy solutions . change of trading name edit at the company s agm in november 2013 it was decided to change the company s name from kedco plc to react energy plc to reflect the company s changed business focus . 16 the share price of the company has remained volatile since renaming and trading in the company s shares was briefly suspended in december 2014 amid concerns about the future viability of the company . 17 references edit kedco annual report ireland s kedco floats on aim kedco shares to begin trading on aim flotation of kedco fuels new ventures announcement on official website of london stock exchange kedco share price tracker business plus magazine 9 jan issue kedco trading update statement of appointment of adviser 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 . brief kedco ceo donal buckley resigns finance news london south east . lse.co.uk . retrieved on 2011 04 01 . sustainable energy ireland webpage listing wood pellet boiler manufacturers kedco listed as licensed importer of opop boilers for irish market photographic comparison of kedco and opop boilers kedco press release http www.reactenergyplc.com files key company documents circular % 20and % 20notice % 20of % 20agm % 202013.pdf http www.lse.co.uk share regulatory news.asp shareprice reac & articlecode eicwcqt6 & articleheadline statement re suspension see also edit solar energy wood pellets renewable energy bioethanol anaerobic digestion list of alternative investment market companies retrieved from https en.wikipedia.org w index.php title kedco & oldid 699496070 categories companies listed on the alternative investment marketrenewable energy companieshidden categories use british english from october 2014use dmy dates from october 2014pages using infobox company with unsupported parametersall articles with unsourced statementsarticles with unsourced statements from april 2010 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom 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