Hazel Ren Egy VCT1 Hazel Renewable Energy Vct 1 Plc : Update Re. Investment Advisor
23 May 2017 - 12:39AM
UK Regulatory
TIDMHR1O
Hazel Renewable Energy VCT1 plc
Hazel Renewable Energy VCT2 plc
22 May 2017
Update re. Investment Advisor
Gresham House plc ("Gresham"), an AIM-quoted specialist asset manager,
has announced that it has entered into an exclusivity arrangement and
conditional heads of terms to acquire Hazel Capital LLP ("Hazel
Capital"), the Investment Advisor to Hazel Renewable Energy VCT1 plc and
Hazel Renewable Energy VCT2 plc ("the Companies"). The transaction with
Gresham is expected to complete in the third quarter of the year.
The full text of Gresham's announcement can be found at:
http://www.greshamhouse.com/wp-content/uploads/2017/05/HAZEL-CAPITAL-RNS-19.05.17.pdf
The Boards of the Companies believe that the transaction will be a
positive development for the Companies as it is anticipated that Hazel
Capital will be able to increase the strength of its team as a result of
the transaction and benefit from several other synergies.
The Boards are continuing to work with Hazel Capital and other parties
to develop firm proposals for the future of the Companies, which are
expected to be finalised in July.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Hazel Renewable Energy VCT 1 plc via Globenewswire
http://www.hazelcapital.com
(END) Dow Jones Newswires
May 22, 2017 10:39 ET (14:39 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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