Offer for HEIT by PP Bidco Limited ("BidCo")

A newly formed company indirectly and wholly controlled by two funds within the portfolio of funds managed by Foresight Group LLP

Announcements

         Tuesday, 6th May 2025 12:00

         Wednesday, 16th April 2025 17:00

          Wednesday, 3rd April 2025 07:00

 

Scheme Document

Scheme Document - PP BidCo Offer for HEIT

Valuation Report

HEIT Valuation Report provided by Forvis Mazars

Scheme Document Consent and No Material Difference Letter provided by Forvis Mazars

Forms of Proxy

General Meeting Form of Proxy [Sample] for HEIT

Court Meeting Form of Proxy [Sample] for HEIT

Financing 

Equity Commitment Letter from Foresight to PP BidCo - 16 April 2024

Funding Agreement between Blackmead Infrastructure and PP BidCo - 16 April 2025

Offer Related Arrangements

Confidentiality Agreement between Foresight and Harmony Energy Advisors - 5 August 2024

Standstill Agreement between Foresight and HEIT - 5 November 2024

Consent Letter

Scheme Document Consent Letter provided by Panmure Liberum - 6 May 2025

Scheme Document Consent Letter provided by RBC Europe - 6 May 2025

Scheme Document Consent Letter provided by Stifel Nicolaus Europe - 6 May 2025

Consent Letter given by Panmure Liberum - 16 April 2025

Consent Letter given by RBC Europe - 15 April 2025

Consent Letter given by Stifel Nicolaus Europe - 16 April 2025

Letter of Intent

Non-binding Letter of Intent given by Schroder & Co. - 16 April 2025

Irrevocable Undertakings 

1.    Irrevocable from Harmony Energy Limited – 16 April 2025
2.    Irrevocable from Ritchie-Bland Energy (Number 2) Ltd – 16 April 2025 
3.    Irrevocable from Peter Kavanagh – 16 April 2025
4.    Irrevocable from Alexander Maxwell Slade – 16 April 2025
5.    Irrevocable from Peter Grogan – 16 April 2025
6.    Irrevocable from Alexander Thornton – 16 April 2025
7.    Irrevocable from PrimeStone Capital LLC – 16 April 2025
8.    Irrevocable from Newton Investment Management Limited – 16 April 2025
9.    Irrevocable from Nicholas Norman Cournoyer – 16 April 2025
10.    Irrevocable from Church House Investments Limited – 16 April 2025
11.    Irrevocable from TrinityBridge Limited – 16 April 2025
12.    Irrevocable from Dowgate Wealth Limited – 16 April 2025
13.    Irrevocable from Forest Nominees Limited – 16 April 2025

Miscellaneous

Articles of Association for PP BidCo Limited

Current Articles of Association for HEIT

Proposed Amended Articles of Association for HEIT

Results for the Financial Year Ended 31 October 2023 for HEIT

Results for the Financial Year Ended October 2024 for HEIT

Net Asset Value and Trading Update Announcement for HEIT (12 February 2025)

Contacts

Harmony Energy Income Trust plc

Norman Crighton, Chairman

Via Panmure Liberum Ltd

 

Panmure Liberum Ltd

Sole Financial Adviser, Rule 3 Adviser and Joint Broker to HEIT
Tel: +44 (0)20 3100 2222

Corporate Finance:
  • Chris Clarke
  • Darren Vickers
  • Will King
M&A:
  • Tim Medak

 

Stifel Nicolaus Europe Limited

Joint Broker to HEIT
Tel: +44 (0)20 7710 7600

  • Mark Young
  • Edward Gibson-Watt
  • Rajpal Padam
  • Madison Kominski

 

Camarco

PR Advisers to HEIT
Tel: +44 (0)20 3757 4980

  • Eddie Livingstone-Learmonth
  • Andrew Turner

 

Foresight

For enquiries regarding Foresight, please contact:
Tel: +44 (0)20 3667 8100

  • Richard Thompson
  • Ben Williams

 

H-Advisors Maitland

PR Advisers to Foresight

  • Sam Turvey - Tel: +44 (0)782 783 6246
  • Weronika Slomka - Tel: +44 (0)772 158 1427
  • Daisy Padovan - Tel: +44 (0)782 586 1759
  • Sam Cartwright - Tel: +44 (0)782 725 4561

 

RBC Capital Markets

Financial Adviser to Foresight
Tel: +44 (0)20 7653 4000

  • Mark Rushton
  • Ross Board
  • Matthew Coakes
  • Samuel Jackson