Greenko Group plc Completion of the Disposal (5219G)

TIDMGKO

RNS Number : 5219G

Greenko Group plc

20 November 2015

Greenko Group plc

("Greenko" or the "Company")

Completion of the Disposal

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 GBP162.8 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.

Enquiries:

 
 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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 20, 2015 11:46 ET (16:46 GMT)

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