ThomasLloyd Energy Impact Trust PLC - investment company focused on sustainable energy infrastructure projects - Announces the termination of its investment manager agreement will now take effect from October 31 following the failure of continuation resolutions at its requisitioned general meeting. Says that the appointment of a transitional investment manager will be the "most effective way" to finalise its December 31, 2022 and June 30, 2023 valuations, its 2022 audit and accounts, and its 2023 interim report. Hopes this will ensure its share suspension will be lifted "as soon as possible."
"The appointment of a transitional investment manager will facilitate progress on the immediate priorities outlined above, provide continuity of investment management during the expected construction of the company's 200 [megawatt] DC solar [photovoltaics] project in Rewa Ultra Mega Solar Park in India and ensure effective oversight of the existing operating portfolio while the board works with its advisers to carry out a wide-ranging review of options for the company's future," ThomasLloyd said.
Current stock price: 84.00 pence
12-month change: down 11%
By Heather Rydings, Alliance News senior economics reporter
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