Ventus 2 VCT PLC Refinancing of investee company

Data : 01/07/2019 @ 14:40
Fonte : UK Regulatory (RNS & others)
Titolo : Ventus 2 Vct Plc (VEN2)
Quotazione : 76.5  0.5 (0.66%) @ 16:48
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Ventus 2 VCT PLC Refinancing of investee company

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RNS Number : 0630E

Ventus 2 VCT PLC

01 July 2019

Ventus 2 VCT plc (the "Company")

Refinancing of investee company

We are pleased to announce that Temporis Capital Limited has closed the refinancing of one of the Company's investments, Osspower Limited, which owns and operates a hydro-electric scheme near Loch Lomond, Scotland.

Bayern LB provided a term loan of GBP7.8m to the investee company, at a blended rate of 2.97% and over a term of 12.5 years. The debt is fixed price and fully amortising. The proceeds fully repay loan facilities taken out in 2014.

The investment is held in the ordinary share portfolio. The reduced cost of debt will increase cashflow to the Company from the investee company. This is part of the Board's continuing strategy to enhance value to shareholders through active management of the Company's assets.

For and on behalf of the Board

Alan Moore

Chairman

1 July 2019

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

July 01, 2019 08:40 ET (12:40 GMT)

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P: V:it D:20191207 17:13:51