OPEN Cleantech Advisors (OPEN / OPEN Cleantech) have partnered with FCS Asset Management to launch an equity fund (the Fund) offering the opportunity for medium to long term capital growth through investment in companies actively involved in renewable energy and cleantech industry.
Share Class A (EUR) has been admitted as per 9 March 2017 on the official list and to trading on the Euro MTF market of the Luxembourg Stock Exchange. It is anticipated that Share Classes B (GBP) and C (USD) will be listed on the Euro MTF market of the Luxembourg Stock Exchange as issue of Shares progress on these Classes.
Investment Objective
OPEN Cleantech Equity Fund aims to achieve capital growth and maximise the total return in the medium to long term through equity investment in cleantech and renewable energy companies. The Fund targets a return of 13-17% p.a.
Cleantech companies include those involved in recycling, renewable energy (wind power, solar power, biomass, hydropower, biofuels, etc.), information technology, green transportation, electric motors, green chemistry, lighting, greywater, and those with an overall commitment to energy efficiency, improved pollution control and a reduced environmental footprint.
The Fund, which is a sub-fund of the FCS Gestion SICAV Reserved Alternative Investment Fund based in Luxembourg, invests in renewable energy projects, early stage cleantech companies that require funding for business development and established cleantech companies that want to expand their existing businesses. OPEN Cleantech Equity Fund will only seek out companies that demonstrate strong underlying value and growth prospects with experienced leadership teams.
Auction details
Peel Hotels PLC was admitted to trading on Asset Match on ??? 2019 at a price of ??? pence per share.
Auctions are expected to be held quarterly, further auction dates will be announced in due course.
Participants can send orders via their existing broker or directly to The Share Centre. Further details can be found by clicking on the "Auction instructions" section below.