Brief: Harmony Energy Income Says Short-Term Outlook Remains Uncertain

Harmony Energy Income Trust

02/02/2024 07:24

Feb 2 (Reuters) - Harmony Energy Income Trust PLC
 HEIT.L :
    * TRADING UPDATE
    * POSTPONEMENT OF FIRST QUARTERLY DIVIDEND FOR FY2024
    * SHORT-TERM OUTLOOK REMAINS UNCERTAIN
    * PREPARING TO IMPLEMENT A SERIES OF SHORT-TERM ACTIONS
WHICH
WOULD BETTER POSITION COMPANY FOR LONG-TERM STABILITY AND GROWTH
    * ACTIONS WILL INCLUDE A RESTRUCTURING OF COMPANY'S EXISTING
DEBT
FACILITIES, COUPLED WITH ONE OR MORE ASSET SALES
    * CASH PROCEEDS FROM SUCH SALES WOULD BE USED TO REDUCE
GEARING
AND THEN TO FUND FUTURE DIVIDEND DISTRIBUTIONS FOR FY 2024 AND
2025

Source text for Eikon:  ID:nRSB7841Ba 
Further company coverage:  HEIT.L 

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