Greenko confirms plans to return cash to shareholders and to delist from AIM

Clean energy company Greenko Group PLC said it will return funds to shareholders after the sale of its operating assets confirmed it plans to delist from AIM.

On Friday, the London-listed company completed the sale of its Greeko Mauritius trading business to a subsidiary of Singapore state investment company GIC for £162.8m, a deal which it agreed last month, and it now intends to distribute the funds it received to shareholders and will make an initial cash return of 98p per share.

In a short statement released on Wednesday, the group added once the cash return is completed, it intends to cancel its listing on AIM as it will not have any assets under its control.

Greenko shares were up 2.67% to 96p at 1552 GMT on Wednesday.