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Aquila European Renewables PLC (AERI) announced on 24 October 2024 that it has appointed Rothschild & Co as the Company's financial adviser. This appointment is to support the previously announced Managed Wind-Down process. Resolutions relating to the Discontinuation of the Company and amendment of its Investment Policy to enter a Managed Wind-Down were passed on 30 September 2024.
| Date | 24 Oct 2024 |
| Time | 07:00:08 |
| Category | Miscellaneous |
| ID | 4445J |
Aquila European Renewables plc
Appointment of Rothschild & Co to support the Managed Wind-Down process
24 October 2024
Aquila European Renewables plc ("AERI" or the "Company") announced on 30 September 2024 that resolutions in relation to the Discontinuation of the Company as a closed ended investment company with its current Investment Policy and amendment of the Company's Investment Policy to enter a Managed Wind-Down were passed.
As previously announced, it has been the Board's intention to appoint a third party, other than the Investment Adviser, to oversee the sale of the Portfolio as part of the managed wind down process, which may comprise of a sale of all of the assets, groups of assets (such as specific geographic or technological portfolios), individual assets of the Company or a combination thereof.
The Board of the Company has now appointed Rothschild & Co as the Company's financial adviser in this regard.
A further announcement in relation to the Managed Wind-Down process will be announced in due course.
Enquiries:
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Deutsche Numis (Financial Adviser and Broker) David Benda George Shiel |
020 7260 1000 |
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Apex Listed Companies Services (UK) Limited (Company Secretary) |
020 3327 9720 |
LEI: 213800UKH1TZIC9ZRP41
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