Low Carbon Accelerator Limited Market Update (1330P)
October 22 2012 - 2:00AM
UK Regulatory
TIDMLCA
RNS Number : 1330P
Low Carbon Accelerator Limited
22 October 2012
22 October 2012
LOW CARBON ACCELERATOR LIMITED
Market Update
Further to the announcement of 4 September 2012, the board today
provide an update on progress on the sale of the LCA assets. The
disposal process has taken longer than anticipated and discussions
are on-going with several interested parties to acquire assets of
LCA. The aggregate value under consideration for the sale of the
assets of LCA is broadly in line with the current market
capitalisation of LCA. However, as with any transaction there
remains some execution risk, and as such there can be no guarantee
at this time that discussions will conclude in a sale of the assets
of LCA at or close to the current market capitalisation of the
company.
Enquiries:
Low Carbon Investors Limited Steve Mahon, CIO
Tel: +44 (0)20 7631 2630
Grant Thornton Corporate Finance Colin Aaronson, or
Melanie Frean
Tel: +44 (0) 20 7383 5100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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