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IN BRIEF: Triple Point sells Achnacarry Hydro for GBP10.7 million

13th Dec 2021 19:24

Triple Point Income VCT PLC - renewable energy investor - Completes sale of Achnacarry Hydro Ltd for GBP7.1 million for the C shares and GBP3.6 million for the E share class.

As a result, company will pay 40 pence per share to C class shareholders as a dividend, and 5.5p per share to the E class.

In the C share class, all assets have been sold, while the D and E share class still have the Green Highland Shenval Ltd asset, which Triple Point Income is still looking to sell.

Current C share price: 43.50 pence

Year-to-date change: down 42%

Current D share price: 11.75 pence

Year-to-date change: down 78%

Current stock price: 70.50 pence

Year-to-date change: down 19%

By Dayo Laniyan; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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