Gresham House Renewable Energy VCT 1 PLC (GB:GV1O) has released an update.
Gresham House Renewable Energy VCT 1 PLC has announced an amendment to its investment advisory agreement due to a substantial reduction in net asset value following the managed wind-down process. The adjustment involves increasing the cap on annual running costs from 3% to 5% of NAV or £625,000, whichever is lower, to mitigate the effects of a clawback on the Manager’s annual advisory fee. This change is considered a smaller related party transaction under applicable listing rules.
For further insights into GB:GV1O stock, check out TipRanks’ Stock Analysis page.
