REG-Hazel Renewable Energy VCT 2 plc : Withdrawal of Offer for Subscription <Origin Href="QuoteRef">HR2O.L</Origin>

Gresham House Renewable Energy VCT 2Announcement

11/03/2016 12:20

Hazel Renewable Energy VCT1 plc 
 Hazel Renewable Energy VCT2 plc 
 11 March 2016 
 Withdrawal of Offer for Subscription 
 
 The Boards of Hazel Renewable Energy VCT1 plc and Hazel Renewable Energy VCT2
plc (together the "Companies") announce that they have decided to withdraw the
joint B Share Offer for Subscription which launched on 18 February 2016 ("B
Share Offer"). This decision has been made in consultation with Hazel Capital
LLP, the promoter.  
 
 While there has been significant interest in the B Share Offer, there has
been resistance to this offer amongst existing Shareholders.  These
Shareholders are concerned that the B Share Offer might impact their existing
investment in a number of ways including, for example, the VCTs' ability to
wind up at some stage in the future.  For this reason, the Companies are
respectfully honouring the wishes of existing shareholders and withdrawing the
B Share Offer from the market. 
 
 The General and Class meetings scheduled for both Companies on Monday 14
March 2016 have therefore all been cancelled. 
 
 The receiving agent will endeavour to return funds to investors that have
submitted applications within the next three working days. 
 

 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX 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 2 plc via Globenewswire 
 HUG#1993731