Tersus Energy operates in the energy efficiency and alternative/renewable energy sectors.
Tersus obtained Admission to the AIM market in early 2005 in the belief that this would provide the Company with access to capital and facilitate execution of the Company’s strategy, namely to exploit the expertise of its integrated strategic and financial advisory services business to acquire majority or active minority interests in energy assets and technologies. Subsequent to the Admission to AIM, the Company made a number of investments in accordance with this strategy.
However, in 2008 the directors finally concluded that the costs and regulatory requirements associated with maintaining Admission to AIM outweighed the benefits, as it had not proved possible to raise further funds on AIM. The directors decided that the best strategy for the Company in the future was to focus on and support the investments already made by the company and minimise overheads with a view to realising the investments in due course and making distributions to shareholders.
At a general meeting on 18 September 2008, the shareholders approved a resolution to cancel the Company’s admission to trading on AIM. The admission of the Company’s ordinary shares to trading on AIM was cancelled on 26 September 2008.
To allow shareholders to acquire or dispose of ordinary shares, the Company has arranged a matched bargain settlement facility, which is being provided by Hedley & Company Stockbrokers. A summary of these arrangements, including contact details, is provided in this website. [Link
to announcement of 18 September 2008]