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Gresham House Renewable Energy VCT 1 - investment firm - Alongside Gresham House Renewable Energy VCT 2, expects a significant rise in their attributable net asset value, driven by a recent surge in, and longer term outlook for power prices.
Should high inflation be sustained, it is the investment adviser's view that the value of its assets will remain at a higher level and could increase further. As a result, ongoing asset sales process has become more challenging, following an exclusivity deal with a potential buyer which expired on Monday.
‘The board, working with the Investment Adviser, will continue to make best efforts to achieve a sale as soon as possible, whilst taking into account the overriding requirement to achieve fair value for shareholders. This will need engagement with other potential buyers. Hence it will be some time before the completion of any sale,’ both companies state.
VCT 1's current stock price: 90.00 pence
VCT 2's current stock price: 88.00 pence
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