Low Carbon Accelerator Limited Investment Update (4837L)

TIDMLCA

RNS Number : 4837L

Low Carbon Accelerator Limited

04 September 2012

Low Carbon Accelerator: 04 September 2012

Investment Update

The Board is pleased to announce that LCA has received a cash payment of GBP230,000 as deferred consideration from the sale of the core assets of Quantasol Limited to JDS Uniphase (JDSU), which was announced on 7 July 2011. LCA had taken a full provision against this deferred consideration and carries Quantasol at nil value in its most recent NAV announcement.

The process to sell the assets of LCA is on-going. LCA received several indicative offers in July and, having short-listed a number of parties, is currently engaged in the final phase of due diligence with potential buyers with support from LCA's advisors, Cogent Partners.

Enquiries:

 
Low Carbon Investors Limited      Steve Mahon      Tel: +44 (0)20 7631 
                                                    2630 
Grant Thornton Corporate Finance  Philip Secrett   Tel: +44 (0) 20 7383 
                                   Colin Aaronson   5100

This information is provided by RNS

The company news service from the London Stock Exchange

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