Ventus 2 VCT PLC Disposal of investment in Craig Wind Farm Limited (2492S)
November 28 2012 - 11:01AM
UK Regulatory
TIDMVEN2
RNS Number : 2492S
Ventus 2 VCT PLC
28 November 2012
RNS ANNOUNCEMENT
Ventus 2 VCT plc
28 November 2012
Disposal of investment in Craig Wind Farm Limited
The Directors of Ventus 2 VCT plc ("the Company") are pleased to
announce that the Company has sold its investment in Craig Wind
Farm Limited ("CWFL") to Partnerships for Renewables Limited
("PfR"). PfR is a renewable energy developer focusing primarily on
public sector land. CWFL owns and operates a 10 megawatt wind farm
in Dumfries and Galloway, Scotland. The Company made its investment
in CWFL in 2006.
PfR has acquired the Company's 12.5% equity holding in CWFL, as
well as the Company's outstanding loan to CWFL. The sale to PfR has
resulted in an increase in the unaudited net asset value ("NAV") of
the Company's ordinary share fund, compared to the unaudited NAV as
at 31 August 2012, of GBP434,000. The new unaudited NAV of the
Company's ordinary share fund is now 72.6 pence per ordinary share,
an uplift of 1.8 pence per ordinary share from the unaudited NAV as
at 31 August 2012.
The sale of CWFL does not impact the NAV of the Company's "C"
share fund.
Temporis Capital LLP, the investment manager of the Company,
acted as advisor to CWFL in the sale transaction.
For further information please contact Doreen Nic of The City
Partnership (UK) Limited on 0131 243 7210.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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