Description
Following the announcement by the Company of its proposed conditional disposal of its investments in US distributed solar assets of the Company (DG Portfolio) and its decision to pursue a managed wind-down of its business (the Managed Wind-Down) on 13 December 2024, the Company is pleased to announce that a circular (the Circular) is expected to be published today.
The Circular sets out further details of the Managed Wind-down and the DG Portfolio disposal and the convening of a general meeting of the Company (the General Meeting), at which an ordinary resolution to approve the proposed change to the Company’s existing investment policy to facilitate the Managed Wind-Down will be proposed to shareholders (New Investment Policy). A copy of the New Investment Policy is set out in an appendix to this announcement. The New Investment Policy is, subject to shareholder approval, expected to become effective on 14 January 2025. In accordance with the UK Listing Rules, the FCA has approved the New Investment Policy.
The General Meeting of the Company will be held at the offices of Stifel Nicolaus Europe Limited located at 150 Cheapside, London, England, EC2V 6ET at 3 p.m. on 14 January 2025. Full information is set out in the Circular.
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