Octopus VCT 4 plc Octopus Vct 4 Plc : Trading Update: Sale Of Portfolio Companies To Atmosclear Sa

 
TIDMOCV4 
 
 
   Octopus VCT 3 Plc 
 
   Octopus VCT 4 plc 
 
   (the "Companies") 
 
   03 May 2018 
 
   Trading Update: Sale of Portfolio Companies to Atmosclear SA 
 
   On 9 August 2017 the shareholders of the Companies approved a proposal 
for the Companies to conduct an orderly wind up through the sale of 
their assets and to return capital to shareholders. As announced on 28 
November 2017, the Companies' investment manager (the "Manager") has 
been managing the sales process with approvals from the boards of the 
Companies (the "Boards") in each phase. Several bids were received for 
the portfolios of the Companies and assessed by the Manager and after 
entering into a final bilateral phase of negotiations and due diligence 
with the preferred bidder the Boards are pleased to announce the sale of 
the following solar companies to Atmosclear SA (the "Buyer"): 
 
 
   -- Adala Solar Limited and its wholly-owned subsidiary, Chantico Solar 
      Limited 
 
   -- Akycha Power Limited and its wholly-owned subsidiary, Rubena Solar 
      Limited; 
 
   -- Daubree Energy Limited and its wholly-owned subsidiary, Velleda Energy 
      Limited; 
 
   -- Debes Energy Limited and its wholly-owned subsidiary, Kirsa Solar 
      Limited; 
 
   -- Lacaille Energy Limited and its wholly-owned subsidiary, Votan Solar 
      Limited; 
 
   -- Delambre Energy Limited and its wholly-owned subsidiary, Colchen Solar 
      Limited; and 
 
   -- Huygens Energy Limited and its wholly-owned subsidiary, Kevat Solar 
      Limited. 
 
 
   (the "SolarCos) 
 
   The Buyer is an ultra-high net worth family office located in 
Switzerland where they specialise in private equity investments. The 
Buyer is interested in acquiring the SolarCos as it is a strategic fit 
with their existing solar PV UK business. 
 
   Further details relating to the winding up of the Companies will follow. 
 
 
   For further information please contact: 
 
   Richard Barnes 
 
   Octopus Investments Limited 
 
   0800 316 2295 
 
   Graham Bell 
 
   Atmosclear SA 
 
   01892 653 697 
 
   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: Octopus VCT 4 plc via Globenewswire 
 
 
 
 

(END) Dow Jones Newswires

May 03, 2018 15:35 ET (19:35 GMT)

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