Last checked at 5 Apr 2018 07:00
Trading Emissions PLC
Completion of Sale of Solar Asset
Following the announcements made on 14 February, 16 February and 23 March 2018, Trading Emissions PLC (the "Company") is pleased to confirm the completion of the sale of its remaining Italian solar operating subsidiary, Solar Energy Italia 1 Srl.
The aggregate net proceeds from the sale, after allowing for transaction and other costs, are estimated to be EUR 8.6 million, equivalent, at the current exchange rate, to 3.01p per Share.
The Company was represented and advised in this transaction by ValeCap Srl and Orrick, Herrington & Sutcliffe LLP.
The Company expects to announce a further distribution to Shareholders in due course.
Enquires:
FIM Capital Limited +44 (0) 1624 681250
(Philip Scales)
Liberum Capital Limited +44 (0) 20 3100 2222
(Steve Pearce/Henry Freeman/Gillian Martin)
The Company's LEI is 213800UICZJWUHQCMM72.