LCA Low Carbon Acc.

TIDMLCA

RNS Number : 9146J

Low Carbon Accelerator Limited

07 July 2011

07 July 2011

Investment Update: Quantasol Limited

LCA has continued to execute its strategy to support its growth companies and to drive value realisations across its broader portfolio. To that end, LCA is pleased to announce that Quantasol Limited has completed an agreement to sell its core assets, including intellectual property rights, to JDS Uniphase (JDSU) in a cash transaction. JDSU are a Nasdaq-listed world-leading supplier of optical, communication and Concentrating PV (CPV) components. LCA will receive an initial payment of GBP400,000 from the proceeds of this asset sale, with further balancing payments in due course. The interim report and unaudited financial statements for the six months ending 31(st) May 2011 is expected to be published towards the end of July. The investment Manager currently expects that the next published Adjusted NAV of LCA will be in the range of 54p to 57p per share. The current Adjusted NAV is 59.1p per share.

About Low Carbon Accelerator: www.lowcarbonaccelerator.com

Low Carbon Accelerator Limited is a closed ended investment company created to invest in a portfolio of fast-growing low carbon businesses. The Company listed on the AIM Market of the London Stock Exchange on 11 October 2006, raising GBP44.5 million. On 26 June 2009, the Company announced that it had raised a further GBP10 million, net of expenses, following the successful placing of a further 41.6 million shares.

The Company invests principally in companies which provide low carbon products and services across the following sectors:

-- Energy efficiency (reductions in energy inputs at source, improved conversion and reductions at point of use)

-- Energy generation (sustainable and clean energy, micro and distributed generation)

The Company's investment strategy is to target trading businesses with patentable technologies and products with a clear commercial application and the opportunity to gain a large market share of a new or expanding market. The Company focuses on businesses with experienced management teams who have developed commercially viable products providing easily adoptable solutions which deliver immediate reductions in carbon dioxide emissions.

Enquiries:

 
Low Carbon Investors Limited  Steve Mahon, CIO  Tel: +44 (0)20 7631 
                               Andrew Affleck,   2630 
                               Chairman 
 
Grant Thornton Corporate      Philip Secrett    Tel: +44 (0) 20 7383 
 Finance                       Colin Aaronson    5100 
Redleaf Polhill               Alicia Jennings   Tel: +44 (0) 20 7566 
                                                 6741 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCBUGDRCSGBGBL

Low Carbon Acc. (LSE:LCA)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024

Low Carbon Acc. (LSE:LCA)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024