Gresham House Renewable Energy VCT 1 PLC (GB:GV1O) has released an update.
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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.
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