RNS Number : 2087T

Triple Point Energy Efficiency

20 July 2022

20 July 2022

Triple Point Energy Efficiency Infrastructure Company plc

(the "Company" or, together with its subsidiaries, the "Group")


Further to the announcement on 24 June 2022, the Company announces that, following the consultation with Shareholders, the Board has decided to propose resolutions to change the Investment Policy and change the Company's name to Triple Point Energy Transition plc, at its Annual General Meeting ("AGM") at 9.30am on 25 August 2022 at the offices of Gowling WLG (UK) LLP, 4 More London Riverside, London SE1 2AU.

The following documents (as applicable) have been mailed to shareholders or otherwise made available today:

   --             Annual Report and Accounts for the year ended 31 March 2022 ("2022 Annual Report"); 
   --           Notice of AGM 2022; and 
   --             Form of Proxy. 

The 2022 Annual Report and Notice of AGM 2022 are also available to view and download on the Company's website at https://www.tpenergyefficiency.com/ . Shareholders who require a Form of Proxy should contact the Company's Registrars at: Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol BS99 6ZY.

In accordance with Listing Rule 9.6.1 copies of the documents have been submitted to the UK Listing Authority and will shortly be available for inspection from the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

For further information, please contact:

  Triple Point Investment Management LLP 
   Jonathan Hick 
   Ben Beaton                               +44 (0) 20 7201 8989 
  J.P. Morgan Cazenove (Corporate Broker) 
   William Simmonds 
   Jérémie Birnbaum               +44 (0) 20 7742 4000 
  Akur Limited (Financial Adviser) 
   Tom Frost 
   Anthony Richardson 
   Siobhan Sergeant                         +44 (0) 20 7493 3631 

LEI: 213800UDP142E67X9X28

Further information on the Company can be found on its website: www.tpenergyefficiency.com


The Company is an investment trust which aims to have a positive environmental impact by investing in assets that support the transition to a lower carbon, more efficient energy system and help the UK achieve Net Zero.

Since its IPO in October 2020, the Company has made the following investments and commitments:

-- Harvest and Glasshouse : provision of GBP21m of senior debt finance to two established combined heat and power ("CHP") assets, located on the Isle of Wight, supplying heat, electricity and carbon dioxide to the UK's largest tomato grower, APS Salads ("APS") - March 2021

-- Spark Steam : provision of GBP8m of senior debt finance to an established CHP asset in Teesside supplying APS, as well as a further power purchase agreement through a private wire arrangement with another food manufacturer - June 2021

-- Hydroelectric Portfolio (1) : acquisition of six operational, Feed in Tariff ("FiT") accredited, "run of the river" hydroelectric power projects in Scotland, with total installed capacity of 4.1MW, for an aggregate consideration of GBP26.6m (excluding costs) - November 2021

-- Hydroelectric Portfolio (2) : acquisition of a further three operational, FiT accredited, "run of the river" hydroelectric power projects in Scotland, with total installed capacity of 2.5MW, for an aggregate consideration of GBP19.6m (excluding costs) - December 2021

-- BESS Portfolio : provision of a debt facility of GBP45.6m to a subsidiary of Virmati Energy Ltd (trading as "Field"), for the purposes of building a portfolio of four geographically diverse Battery Energy Storage System ("BESS") assets in the UK with a total capacity of 110MW - March 2022

-- Energy Efficient Lighting: Commitment to fund GBP1m to a lighting solutions provider to install efficient lighting and controls at a leading logistics company - June 2022

The Investment Manager is Triple Point Investment Management LLP ("Triple Point") which is authorised and regulated by the Financial Conduct Authority. Triple Point manages private, institutional, and public capital, and has a proven track record of investment in Energy Efficiency and decentralised energy projects.

The Company was admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange on 19 October 2020 and was awarded the London Stock Exchange's Green Economy Mark.

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(END) Dow Jones Newswires

July 20, 2022 13:15 ET (17:15 GMT)

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