Sheffield Green Terminates Call Option, Right of First Refusal Deed
MT Newswires07-29
Sheffield Green (SGX:SGR) signed a termination agreement with Sheffield Energy to cancel a 2023 call option and right of first refusal deed over the shares of Sheffield Green Services SAS, according to a Tuesday filing with the Singapore Exchange.
The renewable energy workforce services provider had put in place the deed to preserve its access to clean energy opportunities in France and had an irrevocable call option to buy the French unit for SG$1.
However, the call option has not been exercised and market conditions have since shifted business opportunities in France toward the oil and gas sector.
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