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Completion of the Disposal

20th Nov 2015 16:46

RNS Number : 5219G
Greenko Group plc
20 November 2015
 



Greenko Group plc

("Greenko" or the "Company")

 

Completion of the Disposal

 

Greenko is pleased to announce that the Company has completed the disposal of all of the Company's shares in Greenko Mauritius and all other assets held by the Company to Greenko Energy Holdings ("GEH"), an affiliate of GIC, for an aggregate cash consideration of approximately £162.8 million.

 

This follows the passing of all resolutions at the Company's extraordinary general meeting held on 9 November 2015.

 

As previously announced, the Company is expected to make an initial cash return to shareholders of 98 pence per ordinary share, subject to shareholder approval at a future extraordinary general meeting.

 

Mr. Chalamalasetty and Mr. Kolli, the founders of Greenko, will continue in their participation in GEH and the management of its subsidiaries.

 

The Company expects to post a circular to shareholders containing further details of the initial cash return and to convene the extraordinary general meeting shortly. A further announcement will be made in due course.

 

 

Enquiries:

 

Greenko Group plc

+44 (0)20 7920 3150

Keith Henry/Mahesh Kolli/Anil Chalamalasetty

 

 

 

 

Arden Partners plc

 

+44 (0)20 7614 5900

Jonathan Keeling/Steve Douglas/James Felix

 

Investec Bank plc

 

+44 (0)20 7597 4000

Jeremy Ellis/Nigel Robinson

 

Tavistock Communications

 

+44 (0)20 7920 3150

Matt Ridsdale/Mike Bartlett/Niall Walsh

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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