The Thomas Lloyd Energy Impact trust has failed to provide a timeline for the publication of its annual results and reiterated the expectation of significant valuation writedowns.
In a stock exchange notice today (12 July), the board said it had received a draft report from PwC reviewing the key assumptions included in the manager's financial models and the methodology used by independent valuer Kroll Advisory. The board is now working with the manager, Thomas Lloyd Global Asset Management, Kroll and auditor Deloitte to complete the 31 December 2022 valuation, which it said could reflect a "material downward movement" relative to the 30 September 2022 valuation. ThomasLloyd Energy Impact shares temporarily suspended over fair value 'uncertainty' This could...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
