Hazel Ren Egy VCT1 Share Buybacks
February 26 2019 - 11:27AM
UK Regulatory
TIDMHR1O
Hazel Renewable Energy VCT1 plc
LEI: 213800IVQHJXUQBAAC06
Share Buybacks
26 February 2019
The Board of Hazel Renewable Energy VCT1 plc announces that it has set
aside funds to be used for new investments to ensure that the Company
can continue to comfortably maintain its VCT qualifying status in the
future (taking into account the new VCT regulations which take effect
for the Company later this year) and to ensure sufficient funds are
available for the payment of future dividends.
Funds currently available for share buybacks have been used up by the
recent purchases. Hence, for the time being, the Company will not buy
back shares . The Board will keep the situation under review and, as and
when liquidity permits, it will reconsider buying back shares. Meanwhile,
the Board will endeavour to encourage the development of the secondary
market in the Company's Shares .
(END) Dow Jones Newswires
February 26, 2019 12:27 ET (17:27 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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