Octopus VCT 4 plc Octopus Vct 4 Plc : Trading Update: Sale Of Portfolio Companies To Atmosclear Sa
May 03 2018 - 3:35PM
UK Regulatory
TIDMOCV4
Octopus VCT 3 Plc
Octopus VCT 4 plc
(the "Companies")
03 May 2018
Trading Update: Sale of Portfolio Companies to Atmosclear SA
On 9 August 2017 the shareholders of the Companies approved a proposal
for the Companies to conduct an orderly wind up through the sale of
their assets and to return capital to shareholders. As announced on 28
November 2017, the Companies' investment manager (the "Manager") has
been managing the sales process with approvals from the boards of the
Companies (the "Boards") in each phase. Several bids were received for
the portfolios of the Companies and assessed by the Manager and after
entering into a final bilateral phase of negotiations and due diligence
with the preferred bidder the Boards are pleased to announce the sale of
the following solar companies to Atmosclear SA (the "Buyer"):
-- Adala Solar Limited and its wholly-owned subsidiary, Chantico Solar
Limited
-- Akycha Power Limited and its wholly-owned subsidiary, Rubena Solar
Limited;
-- Daubree Energy Limited and its wholly-owned subsidiary, Velleda Energy
Limited;
-- Debes Energy Limited and its wholly-owned subsidiary, Kirsa Solar
Limited;
-- Lacaille Energy Limited and its wholly-owned subsidiary, Votan Solar
Limited;
-- Delambre Energy Limited and its wholly-owned subsidiary, Colchen Solar
Limited; and
-- Huygens Energy Limited and its wholly-owned subsidiary, Kevat Solar
Limited.
(the "SolarCos)
The Buyer is an ultra-high net worth family office located in
Switzerland where they specialise in private equity investments. The
Buyer is interested in acquiring the SolarCos as it is a strategic fit
with their existing solar PV UK business.
Further details relating to the winding up of the Companies will follow.
For further information please contact:
Richard Barnes
Octopus Investments Limited
0800 316 2295
Graham Bell
Atmosclear SA
01892 653 697
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: Octopus VCT 4 plc via Globenewswire
(END) Dow Jones Newswires
May 03, 2018 15:35 ET (19:35 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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