Hazel Ren Egy VCT1 Hazel Renewable Energy Vct 1 Plc : Share Buybacks And Fundraising Plans

 
TIDMHR1O 
 
   Hazel Renewable Energy VCT1 plc (Legal Entity Identifier: 
213800IVQHJXUQBAAC06) 
 
   Hazel Renewable Energy VCT2 plc (Legal Entity Identifier: 
213800GQ3JQE2M214C75) 
 
   ("the Companies") 
 
   2 February 2018 
 
   Share buybacks and fundraising plans 
 
   In line with the plans set out in the Annual Reports published by the 
Companies in January, the Companies now have firm indications of the 
level of demand for share buybacks from their Corporate Broker, Panmure 
Gordon. The Companies are now finalising arrangements to make funds 
available for the buybacks and expect to undertake transactions on or 
around 8 February 2018. 
 
   The Directors of the Companies further announce that, in consultation 
with the Investment Adviser, Gresham House Asset Management Limited, 
they are planning to launch a top-up Offer for Subscription ("Offer") in 
the coming weeks to give investors the opportunity of taking advantage 
of the upfront VCT tax reliefs for the 2017/18 and 2018/19 tax years. 
The capacity of the Offer is expected to be limited to EUR5 million 
(approx. GBP4.4 million). Full details will be available in due course. 
 
   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

February 02, 2018 09:00 ET (14:00 GMT)

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