Hazel Ren Egy VCT2 Hazel Renewable Energy Vct 2 Plc : Circ Re. Company Reorganisation
17 October 2017 - 5:00PM
UK Regulatory
TIDMHR2O
Hazel Renewable Energy VCT2 plc
Legal Entity Identifier: 213800GQ3JQE2M214C75
Shareholder Circular re. Company Reorganisation
17 October 2017
The Company announces it has published a shareholder circular
("Circular"), including a notice of a general meeting ("General
Meeting"), with proposals for the reorganisation of the Company ("The
Proposals").
The Proposals include:
-- Transfer of the Company's Investment Advisory Agreement to Gresham House
Asset Management Limited
-- A reduced Investment Advisory fee
-- A commitment to enhance the Investment Advisory team resources
-- Enhanced dealflow prospects
-- A commitment to support share buybacks at a price equivalent to
approximately a 2% discount to latest published net asset value
The notice of the General Meeting contained in the Circular convenes a
general meeting to be held at Downing LLP's office at 6(th) Floor, St
Magnus House, 3 Lower Thames Street, London, EC3R 6HD on 7 November 2017
at 10:45 a.m. The only business of the General Meeting is to consider
and, if thought fit, pass a special resolution supporting the proposals
for the reorganisation of the Company.
The Circular will be available shortly on the Administration Manager's
website at https://www.downing.co.uk/hazel2 and a copy of the Circular
has been submitted to the National Storage Mechanism and will shortly be
available for inspection at: www.morningstar.co.uk/uk/NSM
Neither the contents of the Downing website nor the contents of any
website accessible from hyperlinks on the Downing website (or any other
website) is incorporated into, or forms part of, this announcement.
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 2 plc via Globenewswire
http://www.hazelcapital.com
(END) Dow Jones Newswires
October 17, 2017 02:00 ET (06:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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