24th Dec 2021 12:39
(Alliance News) - Gresham House Renewable Energy VCT 1 and Gresham House Renewable Energy VCT 2 PLC on Friday said their asset sales process has now reached exclusivity with a single bidder.
The sale process, carried out as part of a managed wind-down, is expected to complete early next year.
Due to the ongoing sale process, the two companies said no dividends will be declared at present. However, they added: "The board intends to declare a dividend following the completion of the sales process to include a substantial portion of the sales proceeds."
Shares in Gresham House Renewable Energy VCT 1 last traded at 91 pence and Gresham House Renewable Energy VCT 2 PLC at 90p.
By Lucy Heming; [email protected]
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