Hazel Ren Egy VCT1 Hazel Renewable Energy Vct 1 Plc : Share Buybacks And Fundraising Plans
February 02 2018 - 8:00AM
UK Regulatory
TIDMHR1O
Hazel Renewable Energy VCT1 plc (Legal Entity Identifier:
213800IVQHJXUQBAAC06)
Hazel Renewable Energy VCT2 plc (Legal Entity Identifier:
213800GQ3JQE2M214C75)
("the Companies")
2 February 2018
Share buybacks and fundraising plans
In line with the plans set out in the Annual Reports published by the
Companies in January, the Companies now have firm indications of the
level of demand for share buybacks from their Corporate Broker, Panmure
Gordon. The Companies are now finalising arrangements to make funds
available for the buybacks and expect to undertake transactions on or
around 8 February 2018.
The Directors of the Companies further announce that, in consultation
with the Investment Adviser, Gresham House Asset Management Limited,
they are planning to launch a top-up Offer for Subscription ("Offer") in
the coming weeks to give investors the opportunity of taking advantage
of the upfront VCT tax reliefs for the 2017/18 and 2018/19 tax years.
The capacity of the Offer is expected to be limited to EUR5 million
(approx. GBP4.4 million). Full details will be available in due course.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Hazel Renewable Energy VCT 1 plc via Globenewswire
http://www.hazelcapital.com
(END) Dow Jones Newswires
February 02, 2018 09:00 ET (14:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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