Gresham Renew 2 Regulatory News (GV2O)

26 Feb 2019 17:30

Hazel Renewable Energy VCT2 plc LEI: 213800GQ3JQE2M214C75Share Buybacks26 February 2019

The Board of Hazel Renewable Energy VCT1 plc announces that it has set aside funds to be used for new investments to ensure that the Company can continue to comfortably maintain its VCT qualifying status in the future (taking into account the new VCT regulations which take effect for the Company later this year) and to ensure sufficient funds are available for the payment of future dividends.

Funds currently available for share buybacks have been used up by the recent purchases. Hence, for the time being, the Company will not buy back shares. The Board will keep the situation under review and, as and when liquidity permits, it will reconsider buying back shares. Meanwhile, the Board will endeavour to encourage the development of the secondary market in the Company’s Shares.