Gresham House Renewable EnergyVCT1 Statement regarding Investment Advisor (5224X)
December 20 2023 - 12:14PM
UK Regulatory
TIDMGV1O
RNS Number : 5224X
Gresham House Renewable EnergyVCT1
20 December 2023
20 December 2023
GRESHAM HOUSE RENEWABLE ENERGY VCT 1 PLC
(the "Company", the "VCT 1"))
Statement regarding Investment Advisor
The Board of Gresham House Renewable Energy VCT 1 plc notes the
announcement from Gresham House plc ("Gresham House") that the
scheme of arrangement, published on 4 August 2023, to implement the
acquisition of Gresham House by Seed Bidco Limited pursuant to Part
26 of the Companies Act 2006 ("Scheme") has become effective on 19
December 2023.
The Scheme implements the terms of the recommended cash offer of
Seed Bidco Limited, a newly incorporated entity formed by funds
advised by Searchlight Capital Partners, L.P. and its affiliates,
for the entire issued share capital of Gresham House (the
"Acquisition").
The Company's Investment Advisor is Gresham House Asset
Management Limited (the "Investment Advisor"), which is wholly
owned by Gresham House.
The Board of the Company is not currently expecting any change
to the relationship between the Company and the Investment Advisor,
and has been informed that the Gresham House leadership team and
all key individuals that currently manage the Company will remain
in place.
LEI: 213800IVQHJXUQBAAC06
ENDS
For further information, please contact:
Gresham House Asset Management renewablevcts@greshamhouse.com
Investor Relations Tel: 020 3875 9860
JTC (UK) Limited GreshamVCTs@jtcgroup.com
Company Secretary Tel: 020 3846 9774
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