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The Company is now in liquidation

The Company was placed into members’ voluntary liquidation following a Shareholder vote at the General Meeting on 14 June 2024.

Details of the reasons behind this resolution can be found in the Company’s RNS from 21 May 2024 (that can be found on the London Stock Exchange website) , RNS Number: 2835P

Gareth Morris and Jonathan Dunn of FRP Advisory Trading Limited of Kings Orchard, 1 Queen Street, Bristol BS2 0HQ, have been appointed as liquidators of the Company

Result of General Meeting

Special Resolution Votes For % Votes Against % Votes Withheld Issued Share Capital Voted
To voluntarily wind up the Company and appoint the liquidators 122,917,169 99.95 56,076 0.05 15,000 70.00

Special Resolution

To voluntarily wind up the Company and appoint the liquidators

Votes For

No.: 122,917,169

%: 99.95

Votes Against

No.: 56,076

%: 0.05

Votes Withheld

No.: 15,000

Issued Share Capital Voted

%: 70.00

A ‘vote withheld’ is not a vote in law and will not be counted in the calculation of the proportion of the votes for and against the resolution.

Capital distribution to shareholders

Payment Record Date Note
USD 11.5 cents per ordinary share 24 July 2024 Please note that you may be liable to tax in respect of this distribution. It is your responsibility to deal with any such liability and you should consult your own advisers in this regard. The first distribution is line with the estimated distribution of 11.4 cents per share referred to in the Circular to Shareholders dated 21 May 2024. Further distributions will be made to shareholders when the Company’s investments are sold, and liabilities settled. Consequently, the timing and quantum of the next distribution is current unknown. As set out in the Circular, the liquidators are working with the Investment Manager and the Company’s advisors with regards to the management and realisation of the Company’s investments, payment of the Company’s outstanding liabilities and dealing with all the outstanding matters. A further update will be provided to shareholders in our next report.

Payment

USD 11.5 cents per ordinary share

Record Date

24 July 2024

Note

Please note that you may be liable to tax in respect of this distribution. It is your responsibility to deal with any such liability and you should consult your own advisers in this regard. The first distribution is line with the estimated distribution of 11.4 cents per share referred to in the Circular to Shareholders dated 21 May 2024. Further distributions will be made to shareholders when the Company’s investments are sold, and liabilities settled. Consequently, the timing and quantum of the next distribution is current unknown. As set out in the Circular, the liquidators are working with the Investment Manager and the Company’s advisors with regards to the management and realisation of the Company’s investments, payment of the Company’s outstanding liabilities and dealing with all the outstanding matters. A further update will be provided to shareholders in our next report.

Contact us

Liquidator:
Gareth Morris or Susan Evans
FRP Advisory Trading Limited
Kings Orchard,
1 Queen Street,
Bristol BS2 0HQ

[email protected]
0117 203 370

Transitional Investment Manager
Octopus Renewables Limited (trading as Octopus Energy Generation)
UK House, 5th Floor
164-182 Oxford Street
London, W1D 1NN

[email protected]