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Update on Sale of Solar Assets

23rd Mar 2022 10:46

RNS Number : 7537F
Gresham House Renewable EnergyVCT2
23 March 2022
 

23 March 2022

 

GRESHAM HOUSE RENEWABLE ENERGY VCT 2 PLC

(the "Company", the "VCT")

 

Update on Sale of Solar Assets

 

The Company would like to provide the following update with regards to the sale of the VCT's solar assets.

The Company appointed EY to advise on the sale of these assets in June last year and EY conducted a competitive bidding process on the Company's behalf. As a result of this process, a potential buyer of credible standing was selected and they were given exclusivity to complete the purchase of the assets by the end of February. Unfortunately the sale process has slowed due to a number of issues that have arisen during due diligence which will take time to resolve.

The Board are still actively pursuing the sale with the selected potential buyer, however, this will take longer to complete than anticipated. The Board remains committed to delivering the best possible value to shareholders at the earliest opportunity.

 

END

 

For further information, please contact:

Gresham House Asset ManagementInvestor Relations

[email protected]Tel: 020 7382 0999

JTC (UK) LimitedCompany Secretary

[email protected] Tel: 020 3846 9774

 

 

LEI: 213800GQ3JQE2M214C75

 

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