Greenko Group plc Completion of the Disposal (5219G)
20 Novembre 2015 - 5:46PM
UK Regulatory
TIDMGKO
RNS Number : 5219G
Greenko Group plc
20 November 2015
Greenko Group plc
("Greenko" or the "Company")
Completion of the Disposal
Greenko is pleased to announce that the Company has completed
the disposal of all of the Company's shares in Greenko Mauritius
and all other assets held by the Company to Greenko Energy Holdings
("GEH"), an affiliate of GIC, for an aggregate cash consideration
of approximately GBP162.8 million.
This follows the passing of all resolutions at the Company's
extraordinary general meeting held on 9 November 2015.
As previously announced, the Company is expected to make an
initial cash return to shareholders of 98 pence per ordinary share,
subject to shareholder approval at a future extraordinary general
meeting.
Mr. Chalamalasetty and Mr. Kolli, the founders of Greenko, will
continue in their participation in GEH and the management of its
subsidiaries.
The Company expects to post a circular to shareholders
containing further details of the initial cash return and to
convene the extraordinary general meeting shortly. A further
announcement will be made in due course.
Enquiries:
Greenko Group plc +44 (0)20 7920 3150
Keith Henry/Mahesh Kolli/Anil Chalamalasetty
Arden Partners plc +44 (0)20 7614 5900
Jonathan Keeling/Steve Douglas/James
Felix
Investec Bank plc +44 (0)20 7597 4000
Jeremy Ellis/Nigel Robinson
Tavistock Communications +44 (0)20 7920 3150
Matt Ridsdale/Mike Bartlett/Niall Walsh
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 20, 2015 11:46 ET (16:46 GMT)
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