Last checked at 16 Feb 2018 07:00
Trading Emissions PLC
Sale of Italian Solar Asset - Update
On 14 February, Trading Emissions PLC (the "Company") announced the sale of its remaining solar operating subsidiary, Solar Energy Italia 1 Srl ("SEI1").
The Company is pleased to announce that the specific circumstances under which the gross sales proceeds could increase by an additional EUR0.75 million have now been met. The estimated net proceeds from the sale of SEI1 after allowing for transaction and other costs (including fees directly linked to the proceeds received), are now estimated to be EUR8.64 million. Closing and receipt of the sales proceeds remain subject to fulfillment of various conditions precedent, which is expected no later than 31 March 2018.
The content of this announcement contains inside information.
Enquires:
FIM Capital Limited +44 (0) 1624 681250
(Philip Scales)
Liberum +44 (0) 20 3100 2222
(Steve Pearce/ Gillian Martin / Henry Freeman)
Market Abuse Regulation
This announcement is released by Trading Emissions plc and contains inside information for the purposes of the Market Abuse Regulation (EU) 596/2014 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR. The person who arranged for the release of this announcement on behalf of Trading Emissions plc was Martin Adams, Chairman.
The Companys' LEI is 213800UICZJWUHQCMM72.