As announced on 29 January 2024, following the completion of a Strategic Review, the Board has determined that it would be in the best interests of shareholders as a whole to put forward a proposal for a managed wind-down of the Company.
The proposal was approved by the shareholders on 25 March 2024 (99.89% of votes in favour).
As announced on 11 October 2024, InfraRed has been appointed as the Company’s investment manager and AIFM. InfraRed’s appointment became effective on 11 December 2024 once all necessary regulatory clearances and third party consents had been received. Further details are set out in the full announcement below.
We will uphold responsible investment practice and as the Company enters wind down we will focus on the exit process as key to this commitment. This entails drawing attention to the sustainability credentials and commitments of the remaining investee companies. We seek to understand how any purchaser will support such credentials and in turn will provide all available sustainability-related information on investee companies as requested by potential purchasers.
