Renewables Infrastructure Grp (The) Issue of Equity (1327G)
13 Marzo 2020 - 7:30AM
UK Regulatory
TIDMTRIG
RNS Number : 1327G
Renewables Infrastructure Grp (The)
13 March 2020
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC
OF SOUTH AFRICA.
The Renewables Infrastructure Group Limited
Issue of Ordinary Shares under the Management Agreements and
Total Voting Rights
The Board of The Renewables Infrastructure Group Limited (the
"Company") announces that, in accordance with the terms of the
management fee arrangements with InfraRed Capital Partners Limited
(the "Investment Manager") and Renewable Energy Systems Limited
(the "Operations Manager") under which 20 per cent of the
management fee is payable in new ordinary shares of no par value in
the capital of the Company ("Ordinary Shares"), it has today issued
in aggregate 889,550 Ordinary Shares (the "Management Ordinary
Shares"), subject only to Admission (defined below).
The issue price per Management Ordinary Share is 113.34p, which
is the 31 December 2019 NAV of 115.0p less the 1.66p dividend paid
for the period.
Pursuant to the terms of (a) the Investment Management Agreement
between, inter alia, the Company and the Investment Manager dated 5
July 2013 (the "Investment Management Agreement") and (b) the
Operations Management Agreement between, inter alia, the Company
and the Operations Manager dated 5 July 2013 (the "Operations
Management Agreement"), 578,208 and 311,342 new Ordinary Shares
have been allotted to the Investment Manager and the Operations
Manager respectively. This is for the period from 1 July to 31
December 2019.
The Ordinary Shares allotted and issued to the Investment
Manager and Operations Manager set out above are subject to a lock
up of one year from Admission.
Admission
Application has been made for the Management Ordinary Shares to
be admitted to the premium segment of the Official List and to
trading on the London Stock Exchange's main market for listed
securities. It is expected that dealings in the Management Ordinary
Shares will commence at 8.00 a.m. on 31 March 2020
("Admission").
Total Voting Rights
In accordance with the Financial Conduct Authority's Disclosure
and Transparency Rules, the total number of Ordinary Shares in
issue on Admission will be 1,637,453,267 each with one voting
right. No Ordinary Shares are held in treasury.
The above figure may be used by shareholders as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest
in the Company, under the Disclosure and Transparency Rules.
Enquiries
InfraRed Capital Partners Limited
Richard Crawford
Phil George +44 (0) 20 7484 1800
Maitland/AMO
James Isola
Zara de Belder +44 (0) 20 7379 5151
Investec Bank Plc
Lucy Lewis
Denis Flanagan +44 (0) 20 7597 5661
Liberum Capital Limited
Chris Clarke
Gillian Martin +44 (0) 20 3100 2000
Aztec Financial Services (Guernsey)
Limited
Chris Copperwaite
Laura Dunning +44 (0) 1481 748831
Ends
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 rns@lseg.com or visit www.rns.com.
END
IOESFMFDDESSEED
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