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HARMONY ENERGY INCOME TRUST PLC

Legal Proceedings Report Mar 11, 2025

5086_rns_2025-03-11_ee00d7f6-e63e-4d68-b035-941918eed989.html

Legal Proceedings Report

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National Storage Mechanism | Additional information

RNS Number : 0930A

Harmony Energy Income Trust PLC

11 March 2025

11 March 2025

Harmony Energy Income Trust plc

(the "Company" or "HEIT")

Further Update on Asset Sale Process

Harmony Energy Income Trust plc, which invests in battery energy storage system assets in Great Britain, is pleased to announce an update on its asset sale process.

Further to the announcement on 20 February 2025, the Company confirms that although the exclusivity announcement with the previously disclosed preferred bidder expired on 10 March 2025, both parties continue to progress towards the conclusion of a definitive agreement and the Company expects to make a further announcement in the near future.

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For further information, please contact:

Harmony Energy Advisors Limited (the "IA")

Paul Mason

Max Slade

Peter Kavanagh

James Ritchie

[email protected]
Panmure Liberum Ltd

Chris Clarke

Darren Vickers

Will King
+44 (0)20 3100 2222
Stifel Nicolaus Europe Limited  

Mark Young

Edward Gibson-Watt

Rajpal Padam

Madison Kominski
+44 (0)20 7710 7600
Camarco

Eddie Livingstone-Learmonth

Andrew Turner
+44 (0)20 3757 4980
JTC (UK) Limited

Uloma Adighibe

[email protected]
+44 (0)20 3832 3877

LEI: 254900O3XI3CJNTKR453

About Harmony Energy Advisors Limited (the "Investment Adviser")

The Investment Adviser is a wholly owned subsidiary of Harmony Energy Limited.

The management team of the Investment Adviser have been exclusively focussed on the energy storage sector (across multiple projects) in GB for over seven years, both from the point of view of asset owner/developer and in a third-party advisory capacity.  The Investment Adviser is an appointed representative of Laven Advisors LLP, which is authorised and regulated by the Financial Conduct Authority.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

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