Trading Emissions PLC Sale of Italian Solar Asset - Update (0708F)
16 February 2018 - 6:00PM
UK Regulatory
TIDMTRE
RNS Number : 0708F
Trading Emissions PLC
16 February 2018
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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