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Tuesday, 17 October 2017

Hazel Renewable Energy VCT 2 plc : Circ re. Company Reorganisation

     

Published: 08:00 CEST 17-10-2017 /GlobeNewswire /Source: Hazel Renewable Energy VCT 2 plc / : HR2O /ISIN: GB00B43GVJ82

Hazel Renewable Energy VCT 2 plc : Circ re. Company Reorganisation

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 6th Floor, St Magnus House, 3 Lower Thames Street, London, EC3R 6HD onNovember 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 (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Hazel Renewable Energy VCT 2 plc, Hazel Capital LLP 11 - 14 Grafton Street, London W1S 4EW, UK
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