Ecofin Water & Power Opps PLC Portfolio Update (6730B)
20 Junho 2016 - 5:44AM
UK Regulatory
TIDMECWO
RNS Number : 6730B
Ecofin Water & Power Opps PLC
20 June 2016
ECOFIN WATER & POWER OPPORTUNITIES PLC (the "Company")
Portfolio Update
The Company is pleased to announce the successful placement of
its entire equity holding in Direct Energie, representing 4.37% of
Direct Energie's share capital.
Pursuant to the placing, the sale of this holding, which
represented 8.2% of the Company's portfolio at 15 June, 2016, will
raise GBP34.9 million. By 15 June, 2016, the shares had appreciated
41% since the Company's half-year end on 31 March, 2016 and by over
100% during the previous 12 months.
The net asset value of the Company's Ordinary Shares was 149.80p
as at 15 June, 2016. The impact of this disposal on the net asset
value of the Company's Ordinary Shares is a reduction of
approximately 1.6%. The holding was placed at a discount to the
previous day's closing market price owing to the small free float
and limited liquidity in Direct Energie's shares.
BNP Paribas Secretarial Services Limited
Nariman Ghandhi, Company Secretary 020 7410 5971
Winterflood Investment Trusts
Joe Winkley
James Moseley 020 3100 0000
Ecofin Limited
John Murray
Elspeth Dick 020 7451 2929
20 June, 2016
This information is provided by RNS
The company news service from the London Stock Exchange
END
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June 20, 2016 04:44 ET (08:44 GMT)
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