Register Log-in Investor Type

News

Plenty of interest in taking on SQN

SQN : SQN Asset Finance Income's operational focus supports performance

Plenty of interest in taking on SQN – SQN Asset Finance Income’s board says that a large number investment managers have indicated an interest in taking on the management of the company. The board is asking for more information from those managers it feels could be suitable. Initial meetings with these managers are expected to take place in early March 2020 with the process being completed during April 2020, but this timetable could slip if detailed due diligence work is needed.

The board is including the current managers, SQN Capital Management LLC and SQN Capital Management (UK) Limited, in this selection process.

Until this process has been completed the board has agreed with the manager that no new investments will be made without prior approval of the board and only payments covering “business as usual” and agreed existing commitments will be made.

The anaerobic digestion plants that ran into problems are being revalued by KPMG, Ireland and this may take until March to complete. Consequently, the NAV for the ordinary shares won’t be published for a while.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…