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| TIDM | GV1O |
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Gresham House Renewable Energy VCT 1 PLC announced on 24 December 2021 that its asset sales process, progressing during H2 2021, has reached exclusivity with a single bidder and is expected to complete in early 2022. Concurrently, the Board stated that no dividend would be declared at the present time.
| Date | 24 Dec 2021 |
| Time | 11:51:33 |
| Category | Miscellaneous |
| ID | 7864W |
24 December 2021
Gresham House Renewable Energy VCT 1 PLC
Dividend Announcement and Exclusivity reached on Asset Sales process
As announced on 13 July 2021, Gresham House Renewable Energy VCT 1 PLC has entered Managed Wind-Down (as defined and described in the circular to Shareholders dated 17 June 2021). As part of this Managed-Wind Down process, the Board has undertaken an asset sales process (the "Sales Process") which has been progressing during H2 2021. The Sales Process has now reached exclusivity with a single bidder and is expected to complete in early 2022.
Due to this ongoing Sales Process, the Board announces that no dividend will be declared at the present time. The Board intends to declare a dividend following the completion of the Sales Process to include a substantial portion of the sales proceeds.
LEI: 213800IVQHJXUQBAAC06
For further information, please contact:
|
Gresham House Asset Management |
t.hayes@greshamhouse.com |
|
KL Communications |
gh@kl-communications.com |
|
JTC (UK) Limited - Company Secretary |
GreshamVCTs@jtcgroup.com |