Gresham House Adjusts Fee Cap Amid Wind Down

Gresham House Renewable Energy VCT 2 PLC (GB:GV2O) has released an update.

Gresham House Renewable Energy VCT 2 PLC has announced an amendment to its Investment Advisory Agreement due to lower net assets resulting from its ‘Managed Wind Down’ strategy, which has led to a forecasted annual running cost exceeding the previously set cap of 3% of NAV. In response, the company has increased the cost cap to 5% of NAV or £625,000, whichever is lower, to mitigate the effect of the required fee clawback from its Manager. This change is classified as a minor related party transaction according to Listing Rule 11.1.10 R.

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