Esken Limited, an aviation and energy infrastructure group, has responded to recent press speculation regarding Esken Renewables. The company has confirmed that it is in advanced discussions with Pioneer Point Partners regarding a possible disposal of the entire issued share capital of Esken Renewables. The net proceeds from the disposal, if completed, would be used to repay funding drawn under the Group's facilities agreement, contribute to the Group's defined benefit pension scheme, and provide additional working capital in the short term. However, there is no certainty that a transaction will be agreed upon or on what terms. A further announcement will be made shortly.
The person responsible for arranging this announcement on behalf of Esken is Adam Davidson, General Counsel and Company Secretary. Enquiries can be directed to Teneo, the company's communications agency, or TB Cardew, PR Advisers to Pioneer Point Partners.
This announcement contains inside information and is in compliance with the Market Abuse Regulation.