Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.

Less Ads, More Data, More Tools Register for FREE
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

Latest Share Chat

Disposal of investment in Craig Wind Farm Limited

28 Nov 2012 16:12

RNS Number : 2509S
Ventus VCT plc
28 November 2012
 

RNS ANNOUNCEMENT

 

Ventus VCT plc

 

28 November 2012

 

Disposal of investment in Craig Wind Farm Limited

 

The Directors of Ventus VCT plc ("the Company") are pleased to announce that the Company has sold its investment in Craig Wind Farm Limited ("CWFL") to Partnerships for Renewables Limited ("PfR"). PfR is a renewable energy developer focusing primarily on public sector land. CWFL owns and operates a 10 megawatt wind farm in Dumfries and Galloway, Scotland. The Company made its investment in CWFL in 2006.

 

PfR has acquired the Company's 37.5% equity holding in CWFL, as well as the Company's outstanding loan to CWFL. The sale to PfR has resulted in an increase in the unaudited net asset value ("NAV") of the Company's ordinary share fund, compared to the unaudited NAV as at 31 August 2012, of £1,302,000. The new unaudited NAV of the Company's ordinary share fund is now 121.9 pence per ordinary share, an uplift of 8.0 pence per ordinary share from the unaudited NAV as at 31 August 2012.

 

The sale of CWFL does not impact the NAV of the Company's "C" share fund.

 

Temporis Capital LLP, the investment manager of the Company, acted as advisor to CWFL in the sale transaction.

 

For further information please contact Doreen Nic of The City Partnership (UK) Limited on 0131 243 7210.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLLFIRLDLTFIF

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.