Meditor Energy Limited agreed to acquire substantially all assets of Intelligent Energy Holdings Plc (LSE:IEH) for £19.5 million on October 25, 2017. The sale includes Intelligent Energy Limited which after reorganization, has under it, all other subsidiaries of Intelligent Energy Holdings plc and remaining business and assets of Intelligent Energy Holdings. The sale will leave Intelligent Energy Holdings Plc as a non-trading company. Intelligent Energy Holdings Plc will arrange for the cancellation of the listing of its ordinary shares shortly. For the year ended March 31, 2017, substantially all assets of Intelligent Energy Holdings Plc reported revenues of £66.6 million, operating loss of £21.3 million, negative EBITDA of £19.1 million, net loss and loss from continuing operations of £27.3 million, and reported total assets of £28.3 million, total common equity of £0.5 million and total debt of £22.5 million as at March 31, 2017. The transaction is expected to be completed later on October 25, 2017. The consideration will be used by Intelligent Energy Holdings Plc to settle the convertible loan notes (CLN) and which will be delisted from Channel Islands Stock Exchange, with immediate effect. The remaining cash will be used in the orderly winding down or dissolution of Intelligent Energy Holdings Plc. Deloitte acted as accountant for Intelligent Energy Holdings Plc. Meditor Energy Limited completed the acquisition of substantially all assets of Intelligent Energy Holdings Plc (LSE:IEH) on October 25, 2017. As a result of the transaction, Intelligent Energy Holdings would become a non-trading company and would shortly thereafter arrange for the cancellation of the listing its ordinary shares and the company's remaining cash would be used in the orderly winding down or dissolution of Intelligent Energy Holdings. The Executive Directors became Non-Executive Directors from the date of the sale to Meditor Energy Limited on October 25, 2017.