11th Apr 2024 14:23
(Alliance News) - Asian Energy Impact Trust PLC on Thursday said that it has decided to put forward a proposal for the orderly realisation of its assets, following a strategic review.
Asian Energy is an investment company focused on sustainable energy infrastructure assets in Asia.
It said that the realisation would be effected in a manner "that seeks to achieve a balance between maximising the value of its investments and progressively returning cash to shareholders in a timely manner".
The proposal is subject to shareholders.
"The board is grateful for shareholders' support during a difficult period for the company. Although the Board and many shareholders continue to believe in the company's fundamental mission, following a comprehensive strategic review, the board has concluded that an orderly realisation of the company's investments and the progressive return of surplus cash to shareholders is now the best option for shareholders as a whole," said Chair Sue Inglis.
Asian Energy Impact Trust shares were trading 4.0% lower at 18.24 pence each in London on Friday morning.
By Holly Beveridge, Alliance News reporter
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