Ecofin US Renewables Infrastr.Trust Issue of Equity (6075J)
28 Abril 2022 - 1:05AM
UK Regulatory
TIDMRNEW
RNS Number : 6075J
Ecofin US Renewables Infrastr.Trust
28 April 2022
28 April 2022
ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC
(the "Company")
Issue of management fee shares
The Company announces that it has issued 45,636 ordinary shares
of $0.01 each ("Ordinary Shares" and "New Ordinary Shares") to the
Company's Investment Manager, Ecofin Advisors, LLC, in relation to
fees payable for the period from 1 January 2022 to 31 March 2022.
The New Ordinary Shares have been issued in accordance with the
Investment Management Agreement ("IMA"), pursuant to which 15 per
cent. of the management fee is payable in the form of Ordinary
Shares, subject to a rolling lock-up of 12 months. The details of
the IMA were disclosed in the Company's Annual Report for the
period ended 31 December 2021.
The New Ordinary Shares are being issued at a price equal to the
prevailing unaudited cum income Net Asset Value per Ordinary Share
as at 31 March 2022 of 97.64 cents per New Ordinary share.
Applications will be made for the New 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 ("Admission"). It is expected that Admission will become
effective at 8am on 3 May 2022. The New Ordinary Shares will rank
pari passu with the Ordinary Shares already in issue.
Following Admission, the Company's issued share capital will
consist of 125,099,134 Ordinary Shares. Therefore, the total number
of voting rights of the Company is 125,099,134 and this 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 of a change to their interest in, the Company under
the FCA's Disclosure Guidance and Transparency Rules.
Combined with previous management fee share purchases and
issuances, the Investment Manager and the relevant associates will
hold a total of 178,341 management fee shares.
For further information, please contact:
Ecofin Advisors, LLC (Investment Manager)
Jerry Polacek
Matthew Ordway
Prashanth Prakash +1 913 981 1020
Peel Hunt LLP (Joint Corporate Broker)
Liz Yong
Luke Simpson
Huw Jeremy +44 207 418 8900
Stifel (Joint Corporate Broker)
Mark Bloomfield
Alex Miller +44 207 710 7600
Sanne Fund Services (UK) Limited (Company
Secretary)
Martin Darragh
Maria Matheou +44 20 3327 9720
FTI Consulting (Financial PR)
Matthew O'Keeffe
Mitch Barltrop
Vee Montebello +44 797 607 5797
Further information on the Company can be found on its website
at
https://uk.ecofininvest.com/funds/us-renewables-infrastructure-trust-plc/
.
The Company's LEI is 2138004JUQUL9VKQWD21.
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END
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