Hazel Ren Egy VCT1 Hazel Renewable Energy Vct 1 Plc : Update Re. Investment Advisor

 
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)

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