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We are pleased to announce the acquisition of a fully operational portfolio of
We are pleased to announce two solar investments for a combined consideration of
“Solar PV is the new double glazing” – Gurpreet Gujral from Atrato Group
We are delighted to have been shortlisted for two awards at this year’s
A team from Atrato Group visited the recently completed London Road solar project
We are proud to have become a member of the Solar Stewardship Initiative
Solar Energy UK’s Chief Executive, Chris Hewett discusses the progress in corporate solar
We’re pleased to have been singled out by Killik & Co’s Mick Gilligan
We are pleased to announce the acquisition of a fully operational portfolio
We are pleased to announce two solar investments for a combined consideration
“Solar PV is the new double glazing” – Gurpreet Gujral from Atrato
We are delighted to have been shortlisted for two awards at this
A team from Atrato Group visited the recently completed London Road solar
We are proud to have become a member of the Solar Stewardship
Solar Energy UK’s Chief Executive, Chris Hewett discusses the progress in corporate
We’re pleased to have been singled out by Killik & Co’s Mick
Atrato Onsite Energy is the trading name of Atrato Onsite Energy plc
Thursday 6th February 2025
Atrato Onsite Energy plc
(in Members’ Voluntary Liquidation)
(“the Company”)
Notice to Shareholders
Further to the appointment of Richard Barker and Derek Hyslop as Joint Liquidators of the Company on 13 December 2024 and in accordance with the circular issued to shareholders on 27 November 2024 (“the Circular”).
The Joint Liquidators confirm that a First Distribution at a rate of £0.775 per Ordinary Share will be paid on 6 February 2025. Shareholders will receive their distribution by CREST or cheque and those cheques will be issued by the Company’s Registrar (Link Asset Services) to the address on the share register as at the Record Date.
Please note that this distribution could have tax consequences which may need to be reflected in your tax return. If a Shareholder is in any doubt as to their individual tax position, it is recommended that they seek advice from an independent professional advisor.
A second and final distribution is expected to be paid to shareholders prior to the conclusion of the liquidation. Once the Liquidators have concluded the Company’s residual affairs, which includes novation of parental guarantees provided by the Company in relation to its former subsidiary investments, the tax affairs of the Company, satisfaction of claims of creditors of the Company and paid the costs and expenses of the liquidation, it is expected the Liquidators will make a final distribution to Shareholders of the residual cash in the liquidation estate. The final distribution, if any, will be paid at a time to be determined by the Liquidators but is envisaged to be in the region of nine months after the commencement of the liquidation.
A further update will be provided on the website once the timing of the final distribution is known. In the meantime, if shareholders have any questions in relation to the liquidation they should contact the Liquidators.
Following the commencement of the members’ voluntary liquidation, shareholders are no longer able to trade in the Company’s shares on the London Stock Exchange. The Company will not publish any further regulatory information service announcements and will not produce further financial statements (other than those prepared by the Joint Liquidators and communicated to shareholders under the relevant provisions of the Insolvency Act 1986).
Jay Bhatt
Shareholders with questions, including regarding the receipt of their entitlements in respect of the first distributions, should contact the Company’s Registrar, MUFG Corporate markets, using the details below.
shareholderenquiries@cm.mpms.
Calls are charged at the standard geographic rate and will vary by provider. Calls outside the United Kingdom will be charged at the applicable international rate. The MUFG Corporate markets helpline is open between 9 am – 5.30 pm, Monday to Friday excluding public holidays in England and Wales. Please note that MUFG Corporate Markets cannot provide any financial, legal or tax advice and calls may be recorded and monitored for security and training purposes
Friday 31st January 2025
Atrato Onsite Energy plc
(in Members’ Voluntary Liquidation)
(“the Company”)
Notice to Shareholders
Further to the approval of a special resolutions by a general meeting of the Company held on 13 December 2024, the Company was placed into Members’ Voluntary Liquidation, and Richard Barker and Derek Hyslop of Ernst & Young LLP were appointed as Joint Liquidators.
As stated in the circular issued to shareholders on 27 November 2024, it is anticipated that the Liquidators will be in a position to make an initial distribution of substantially all of the net assets of the Company in early February 2025 (the “Initial Distribution”). This timeline is to allow (a) the Liquidators to comply with their obligation to give all actual and/or contingent creditors of the Company notice of the liquidation and the requirement to submit claims to the Liquidators by a last proving date, which must be a minimum period of 21 days from the date of the notice; and (b) the Liquidators to adjudicate and pay (if accepted) and/or reserve sufficient funds to pay any claims received. It is estimated that the value of the Initial Distribution will be no less than 77.0 pence per Ordinary Share.
The Liquidators will retain the balance of funds in the liquidation estate and once the Liquidators have satisfied all the claims of creditors of the Company and paid the costs and expenses of the liquidation, and the Company’s tax affairs have been finalised, it is expected the Liquidators will make a final distribution to Shareholders of any residual cash in the liquidation estate. The final distribution, if any, will be paid at a time to be determined solely by the Liquidators but is envisaged to be in the region of nine months after the entry into members’ voluntary liquidation.
All Shareholders on the Register of Members as at 6.00 p.m. on 12 December 2024, being the Record Date, will be entitled to any distributions made during the course of the liquidation.
Following the commencement of the members’ voluntary liquidation, shareholders are no longer able to trade in the Company’s shares on the London Stock Exchange. The Company will not publish any further regulatory information service announcements and will not produce further financial statements (other than those prepared by the Joint Liquidators and communicated to shareholders under the relevant provisions of the Insolvency Act 1986).
A further update will be provided on the website at the time of the first distribution to shareholders. In the meantime, if shareholders have any questions in relation to the liquidation they should contact the Liquidators.
Jay Bhatt
