Aquila European Renewables Plc Provides NAV and Wind-Down Update
Why we think this is neutral
This RNS announcement does not contain any major news that would significantly impact the company's performance or outlook. It provides a routine update on the company's net asset value and the ongoing managed wind-down process, which appears to be progressing as expected.
Key Points
- Unaudited NAV of EUR 317,429,353.87 or 83.95 cents per share as at 31 March 2025
- NAV total return of 0.1% per Ordinary Share over the quarter
- Entered into sale agreement for 18% interest in Portuguese hydropower asset Sagres
- Agreed non-binding Heads of Terms and exclusivity with preferred bidder for disposal of majority of portfolio
Summary
Aquila European Renewables Plc (AERS) has announced its unaudited net asset value (NAV) as at 31 March 2025, which stood at EUR 317,429,353.87 or 83.95 cents per ordinary share. The company also provided an update on the managed wind-down process, noting that it has agreed non-binding Heads of Terms and entered into exclusivity with a preferred bidder for the disposal of a majority of its portfolio. The Board is content with the progress made so far and will provide further updates to shareholders in due course.