Shares in renewable energy company Corre were hit in late February when founding director and shareholder, Darren Patrick Green, stepped down as an executive director.
The renewable energy storage developer, listed on the Euronext Dublin Stock Exchange, is controlled by Amsterdam-registered Corre Energy Group Holdings, in which founder shareholders Darren Patrick Green, Keith McGrane and Brendan Boyd hold a majority stake. The pledges were granted as security for three “security backed loans” taken out by the group, giving the three lenders “certain controls” over the shares, including “in certain circumstances to dispose of some or all” of the stock during the term of the loan agreements, it said.
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