GV1O Gresham House Renewable Energy Vct 1 Plc

TIDMGV1O

RNS Number : 7864W

Gresham House Renewable EnergyVCT1

24 December 2021

24 December 2021

Gresham House Renewable Energy VCT 1 PLC

Dividend Announcement and Exclusivity reached on Asset Sales process

As announced on 13 July 2021, Gresham House Renewable Energy VCT 1 PLC has entered Managed Wind-Down (as defined and described in the circular to Shareholders dated 17 June 2021). As part of this Managed-Wind Down process, the Board has undertaken an asset sales process (the "Sales Process") which has been progressing during H2 2021. The Sales Process has now reached exclusivity with a single bidder and is expected to complete in early 2022.

Due to this ongoing Sales Process, the Board announces that no dividend will be declared at the present time. The Board intends to declare a dividend following the completion of the Sales Process to include a substantial portion of the sales proceeds.

LEI: 213800IVQHJXUQBAAC06

For further information, please contact:

 
 Gresham House Asset Management         t.hayes@greshamhouse.com 
  Tania Hayes                            Tel: 020 3875 9860 
 KL Communications                      gh@kl-communications.com 
  Camilla Esmund / Charles Gorman        Tel: +44 (0) 203 995 
  / Alex Hogan                           6699 
 JTC (UK) Limited - Company Secretary   GreshamVCTs@jtcgroup.com 
  Christopher Gibbons                    Tel: 44 203 846 9774 
 

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December 24, 2021 06:51 ET (11:51 GMT)

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