Hazel Ren Egy VCT2 Hazel Renewable Energy Vct 2 Plc : Circ Re. Company Reorganisation

 
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)

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