Atrato Onsite Announces Publication of Circular and Notice of General Meeting

Source: www.gulfoilandgas.com 10/4/2024, Location: Europe

On 3 October 2024, Atrato Onsite Energy plc (the "Company") announced that it had entered into a conditional agreement for the sale (the "Disposal") of its entire portfolio of solar assets (the "Portfolio") to Phoenix UK Bidco Limited (the "Purchaser"), a newly incorporated company which is indirectly owned by a joint venture vehicle of BGTF Proton Holdings Limited ("Brookfield"), an affiliate of Brookfield Asset Management Ltd (NYSE: BAM, TSX: BAM), and Apollo Power Ltd ("RAIM Apollo", together with Brookfield, the "Consortium"), an affiliate of Real Assets Investment Management Ltd ("RAIM").

The Disposal is outside the scope of the Company's existing investment objective and policy, and is therefore conditional upon, amongst other things, Shareholder approval of a new investment objective and policy (together with the Disposal, the "Proposals").

The Company received written approval from the FCA to adopt the new investment objective and policy, the full text of which is set out in the Appendix. In accordance with the UK Listing Rules, shareholder approval is now being sought for approval of the new investment objective and policy via an ordinary resolution (the "Resolution"). Accordingly, a circular has been sent to Shareholders (the "Circular") containing further details of the Disposal and convening a general meeting of the Company (the "General Meeting"). The General Meeting is being held for the purposes of considering and, if thought fit, passing the Resolution. The General Meeting is to be held at the offices of Stifel Nicolaus Europe Limited, 4th Floor, 150 Cheapside, London EC2V 6ET at 3:30 p.m. on 22 October 2024.

The Board considers that the Proposals and the passing of the Resolution in relation to the change of investment objective and policy are in the best interests of the Company and its Shareholders as a whole. Accordingly, the Board unanimously recommends that Shareholders vote in favour of the Resolution to be proposed at the General Meeting.

The Circular and the Notice of General Meeting are available for viewing on the Company's website at https://atratorenewables.com/. The Circular and the Notice of General Meeting has also been submitted to the National Storage Mechanism of the FCA and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

If the Disposal becomes unconditional, it is the intention of the Board to seek Shareholder approval for the voluntary liquidation of the Company with a view to distributing the Company's net assets to Shareholders as soon as reasonably practicable. It is anticipated that the liquidators will be in a position to make an initial distribution of substantially all of the net assets of the Company in February 2025, being approximately two months after the expected date of liquidation/delisting.


Canada >>  11/14/2024 - Paramount Resources Ltd. (“Paramount” or the “Company”) is pleased to announce that it has entered into a purchase and sale agreement (the “Agreement”...
United States >>  11/14/2024 - Highlights:
Agreement reached to acquire approximately 109,000 net acres and approximately 70 thousand barrels of oil equivalent per day (“MBOE...


Equatorial Guinea >>  11/13/2024 - Panoro Energy ASA (“Panoro” or the “Company”) is pleased to announce that it has finalised terms and signed a Production Sharing Contract (“PSC”) with...
Norway >>  11/13/2024 - The Ministry of Energy has entered into purchase agreements of interests in key parts of the gas infrastructure with 7 different companies.

...


United States >>  11/13/2024 - Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today announced it has entered into two separate definitive agreements to acquire certai...
United Kingdom >>  11/12/2024 - Star Energy (AIM:STAR) is pleased to announce that it has exchanged contracts for the sale of land at Alton, Hampshire to Pickerings Hire Limited for ...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.