Ecofin US Renewables Infrastr.Trust Purchase of Management Fee Shares (9737E)
02 Noviembre 2022 - 1:00AM
UK Regulatory
TIDMRNEW
RNS Number : 9737E
Ecofin US Renewables Infrastr.Trust
02 November 2022
2 November 2022
ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC
(the "Company")
Purchase of Management Fee Shares
The Company announces that, in accordance with the terms of the
Investment Management Agreement ("IMA") with Ecofin Advisors, LLC
(the "Investment Manager"), on 1 November 2022 the Investment
Manager purchased 57,705 Ordinary Shares ("Management Fee Shares")
at an average price of $0.865 per Management Fee Share, reflecting
the management fee due for the period from 1 July 2022 to 30
September 2022.
Pursuant to the IMA, 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
"Annual Report").
Combined with previous Management Fee Share purchases and
issuances, the Investment Manager and the relevant Associates will
hold a total of 287,791 Management Fee Shares.
Unless the context otherwise requires, capitalised terms used in
this announcement have the meanings provided in the Annual
Report.
For further information, please contact:
Ecofin Advisors, LLC (Investment Manager)
Edward Russell
Eileen Fargis
Jason Benson
Michael Hart +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
Rajpal Padam
Madison Kominski +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
About Ecofin Advisors, LLC
Ecofin is a sustainable investment firm with roots dating to the
1990s and a global footprint with offices in the US and UK. We are
driven by the idea that sustainable investment can deliver strong
risk-adjusted returns while making a true impact on the environment
and society. Our strategies offer global solutions in private and
public securities that address global challenges in climate action,
water and sustainable communities. Through these strategies we seek
to achieve positive impacts that align with the UN Sustainable
Development Goals and are accessible through a variety of
vehicles.
About Ecofin U.S. Renewables Infrastructure Trust PLC
("RNEW")
Ecofin U.S. Renewables Infrastructure Trust PLC ("RNEW" or the
"Company") is a closed ended investment company incorporated in
England and Wales, targeting attractive risk-adjusted returns and a
sustainable dividend yield through a differentiated investment
strategy focused on the middle market of U.S. renewable energy. The
Company's ordinary shares ("Shares") were admitted to the Official
List of the Financial Conduct Authority and to trading on the
premium listing segment of the main market of the London Stock
Exchange on 22 December 2020. The Company's ordinary shares can be
traded in USD (ticker "RNEW"), or in GBP (ticker "RNEP"). The
Company has been awarded the London Stock Exchange Green Economy
Mark.
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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