IN BRIEF: Triple Point Energy Transition plans final liquidation
Triple Point Energy Transition PLC - London-based investment trust focused on infrastructure projects supporting green energy transition - Calls general meeting for February 24 for shareholders to approve its plan for a members' voluntary liquidation. This will allow Triple Point Energy to make an initial distribution of GBP43 million. This represents the immediate proceeds of the sale of its last remaining investments, being hydro and LED assets, which the company announced on Wednesday. Another GBP1 million is due to Triple Point Energy from the sale come May. It says that if the liquidation plan is not approved by shareholders, then it will make a GBP42 million tender offer for its shares. The company has been in managed wind-down since this was approved by shareholders in March last year. Its current net asset value is 49.30 pence per share, all in cash and the deferred consideration from the recent sale. Read More