LONDON: Harmony Energy Income Trust plc (HEIT) announced Monday that its board has agreed in principle to financial terms proposed by Foresight Group LLP for a potential acquisition of HEIT’s entire share capital. Under the proposed agreement, HEIT shareholders would receive 84 pence per share in cash, valuing the company’s ordinary share capital at £190.8 million. The…
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Harmony Energy Income Trust has sold Rye Common Project to Pulse Clean Energy
LONDON, UK: Harmony Energy Income Trust plc, which invests in battery energy storage systems (BESS) in Great Britain, announces that it has completed the sale of its “shovel-ready” BESS development project, Rye Common (99 MW) to Pulse Clean Energy Limited at a premium to its carrying value. The Rye Common Project was acquired by the…
Harmony Energy Income Trust plans GBP 230mn IPO on LSE
LONDON, UK: Harmony Energy Income Trust, an externally managed investment company that will invest in UK energy storage assets, intends to undertake an initial public offering (IPO) on the Specialist Fund Segment of the Main Market of the London Stock Exchange, by way of an initial institutional placing and offer for subscription for a target…