Linton Hydro corporate structure post bond offer
Linton Hydro Limited will develop the Linton Lock scheme through a wholly owned subsidiary, called Widdington Hydro Limited. In addition, Linton Hydro will acquire 100% of Flowpower Limited, which owns and operates the existing adjacent Flowpower scheme, upon successful completion of the Offer.
The Linton Hydro bondholders have an equity capital investment of £494,000 in the two schemes and this investment will remain in the Company as equity until the secured bonds are repaid in full. Under the terms of the Bond Offer, no dividends will be paid to the Company's bondholders until the Bonds have been repaid in full.