25th Nov 2015 09:37
LONDON (Alliance News) - India-focused clean energy company Greenko Group PLC on Wednesday confirmed its plans to return funds to shareholders following the sale of its operating assets and said it intends to de-list from AIM.
Greenko struck a deal in October to sell its Greeko Mauritius trading business to a subsidiary of Singapore state investment company GIC for GBP162.8 million, a deal which completed on Friday.
It now intends to distribute those funds to shareholders and will make an initial cash return of 98.00 pence per share.
It said that once the cash return is completed, it intends to cancel its listing on AIM as it will not have any assets on its books.
Shares in the company were up 3.3% to 96.55 pence on Wednesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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