GREENKO GROUP PLC ('Greenko' or the 'Company')
Greenko is pleased to announce that the Company has completed the disposal of all of the Company's shares in Greenko Mauritius and all other assets held by the Company to Greenko Energy Holdings ('GEH'), an affiliate of GIC, for an aggregate cash consideration of approximately £162.8 million.
This follows the passing of all resolutions at the Company's extraordinary general meeting held on 9 November 2015.
As previously announced, the Company is expected to make an initial cash return to shareholders of 98 pence per ordinary share, subject to shareholder approval at a future extraordinary general meeting.
Mr. Chalamalasetty and Mr. Kolli, the founders of Greenko, will continue in their participation in GEH and the management of its subsidiaries.
The Company expects to post a circular to shareholders containing further details of the initial cash return and to convene the extraordinary general meeting shortly. A further announcement will be made in due course.
Greenko Group plc | +44 (0)20 7920 3150 |
Keith Henry/Mahesh Kolli/Anil Chalamalasetty | |
Arden Partners plc | +44 (0)20 7614 5900 |
Jonathan Keeling/Steve Douglas/James Felix | |
Investec Bank plc | +44 (0)20 7597 4000 |
Jeremy Ellis/Nigel Robinson | |
Tavistock Communications | +44 (0)20 7920 3150 |
Matt Ridsdale/Mike Bartlett/Niall Walsh | |
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