TIDMGV1O

RNS Number : 3508F

Gresham House Renewable EnergyVCT1

07 July 2023

7 July 2023

GRESHAM HOUSE RENEWABLE ENERGY VCT 1 PLC

Interim Financial Statements

The Board of Gresham House Renewable Energy VCT 1 PLC announces a set of unaudited interim financial statements for the period from 1 October 2022 to 31 May 2023 (the " Interim Financial Statements") .

To increase the Company's distributable reserves and facilitate future dividend payments, an application was made to the Court to cancel the Company's share premium account and capital redemption reserve on 28 April 2023. Approval for the cancellation was confirmed by Court order on 23 May 2023.

As announced on 30 June 2023, the Company therefore confirms the declaration of an interim dividend of 18.5p per Ordinary Share and notes that the Interim Financial Statements have been prepared to demonstrate sufficient distributable reserves for the dividend to be paid on 28 July 2023.

The Interim Financial Statements reflect that as of 31 May 2023 the Company had a combined net asset value per share of 91.2p (consisting of a net asset value per Ordinary share of 91.1p and a net asset value per A share of 0.1p) and distributable reserves of GBP10,747,000.

In accordance with section 838 of the Companies Act, the Interim Financial Statements need to have been filed with the Registrar of Companies and published on the Companies House website before the dividend be paid.

The Interim Financial Statements will be available for viewing shortly at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

For further information, please contact:

 
 Gresham House Asset Management   renewablevcts@greshamhouse.com 
  Investor relations               Tel: 020 3837 6270 
 JTC (UK) Limited                 GreshamVCTs@jtcgroup.com 
  Company Secretary                Tel: 020 8159 2809

LEI: 213800IVQHJXUQBAAC06

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NORGZGGNLNKGFZG

(END) Dow Jones Newswires

July 07, 2023 05:08 ET (09:08 GMT)

Gresham House Renewable ... (LSE:GV1O)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Gresham House Renewable ... Charts.
Gresham House Renewable ... (LSE:GV1O)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Gresham House Renewable ... Charts.