REG - Aquila Eur Renwables Aquila Euro Rnw-AERI - Appointment of Rothschild

Aquila European RenewablesAnnouncement

24/10/2024 07:00

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RNS Number : 4445J  Aquila European Renewables PLC  24 October 2024

Aquila European Renewables plc

 

Appointment of Rothschild & Co to support the Managed Wind-Down process

 

24 October 2024

 

Aquila European Renewables plc ("AERI" or the "Company") announced on 30
September 2024 that resolutions in relation to the Discontinuation of the
Company as a closed ended investment company with its current Investment
Policy and amendment of the Company's Investment Policy to enter a Managed
Wind-Down were passed.

 

As previously announced, it has been the Board's intention to appoint a third
party, other than the Investment Adviser, to oversee the sale of the Portfolio
as part of the managed wind down process, which may comprise of a sale of all
of the assets, groups of assets (such as specific geographic or technological
portfolios), individual assets of the Company or a combination thereof.

 

The Board of the Company has now appointed Rothschild & Co as the
Company's financial adviser in this regard.

 

A further announcement in relation to the Managed Wind-Down process will be
announced in due course.

 

Enquiries:

 

 Deutsche Numis (Financial Adviser and Broker)                    020 7260 1000

 David Benda

 George Shiel

 Apex Listed Companies Services (UK) Limited (Company Secretary)  020 3327 9720

 

LEI: 213800UKH1TZIC9ZRP41

 

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