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IN BRIEF: ThomasLloyd says portfolio facing downward valuation

12th Jul 2023 13:50

ThomasLloyd Energy Impact Trust PLC - London-based renewable energy investment trust - Says it cannot provide a timetable for the company's annual report. Says its portfolio valuation could reflect a downward valuation relative to September 30 and that this downward movement could be material. ThomasLloyd says this would be in addition to a USD8.2 million expected to be written off as a result of not proceeding with the construction of the 200 megawatt plant in Rewa Ultra Mega Solar Park in India, which is held by a special purpose subsidiary of SolarArise, the Indian renewable energy platform that the Company has invested in.

Current trading price: suspended, last traded at 84.00 pence

12-month change: down 99%

By Will Neill, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved


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