ThomasLloyd Energy Impact shares temporarily suspended over fair value 'uncertainty'

Delays publication of annual accounts

Shares in the ThomasLloyd Energy Impact trust have been temporarily suspended from trading due to ‘material uncertainty’ over the fair value of certain of its assets and liabilities, which will prevent the publication of its annual accounts.

In a stock exchange notice today (24 April), chair Sue Inglis said the issue was identified while ThomasLloyd was preparing the trust's annual report and accounts for the year ended 31 December 2022.  The "uncertainty" primarily relates to the 200 MW construction-ready asset owned by SolarArise, a Delhi-based renewable energy platform owned by ThomasLloyd. ThomasLloyd Energy Impact trust shakes up senior management Price rises in relation to the components and construction costs of the plant indicate that additional equity is likely needed to construct the project, the firm said, p...