REG-Hazel Renewable Energy VCT 1 plc : Update re. Investment Advisor <Origin Href="QuoteRef">HR1O.L</Origin>

Gresham House Renewable Energy VCT 1Announcement

22/05/2017 15:40

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Hazel Renewable Energy VCT1 plc
Hazel Renewable Energy VCT2 plc
22 May 2017
Update re. Investment Advisor

Gresham House plc ("Gresham"), an AIM-quoted specialist asset manager, has
announced that it has entered into an exclusivity arrangement and conditional
heads of terms to acquire Hazel Capital LLP ("Hazel Capital"), the Investment
Advisor to Hazel Renewable Energy VCT1 plc and Hazel Renewable Energy VCT2 plc
("the Companies"). The transaction with Gresham is expected to complete in the
third quarter of the year. 

The full text of Gresham's announcement can be found at:
http://www.greshamhouse.com/wp-content/uploads/2017/05/HAZEL-CAPITAL-RNS-19.05.17.pdf

The Boards of the Companies believe that the transaction will be a positive
development for the Companies as it is anticipated that Hazel Capital will be
able to increase the strength of its team as a result of the transaction and
benefit from several other synergies.

The Boards are continuing to work with Hazel Capital and other parties to
develop firm proposals for the future of the Companies, which are expected to
be finalised in July.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of
Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Hazel Renewable Energy VCT 1 plc via Globenewswire