TIDMTEEC
RNS Number : 2780X
Triple Point Energy Efficiency
25 August 2022
25 August 2022
Triple Point Energy Efficiency Infrastructure Company plc
("TEEC" or the "Company" or together with its subsidiaries, the
"Group")
Result of AGM
Change to the Investment Policy
Change of Name
The Board of Directors of Triple Point Energy Efficiency
Infrastructure Company plc (ticker: TEEC) is pleased to announce
that at the Company's Annual General Meeting held today, all
resolutions were voted on by way of a poll and were passed by
shareholders.
As a result, the Company's revised Investment Policy was
approved by shareholders and will become effective immediately. The
Board looks forward to announcing further progress in deploying
existing capital into the current pipeline of investment
opportunities.
Further, as a result of the approval of the revised Investment
Policy, following completion of various procedural matters, the
Company's name will change to " Triple Point Energy Transition plc
" (ticker: TENT ). A further update will be provided in due course,
once the change of name and ticker have taken effect.
Resolutions 1 to 11 were proposed as ordinary resolutions and
resolutions 12 to 13 were proposed as special resolutions. The
results of the poll are set out below.
Resolution Votes % Votes % Total votes Total Votes
For Against validly votes Withheld*
cast cast
as %
of issued
share
capital
To receive
and adopt the
Annual Report
and accounts
of the Company
for the year
ended 31 March
1 2022 66,191,489 100 0 0 66,191,489 66.18 5,652
--------------------- ------------- ------ --------- ----- ------------ ----------- -----------
To approve
the Directors'
Remuneration
2 Report 66,173,361 99.98 11,214 0.02 66,184,575 66.18 12,566
--------------------- ------------- ------ --------- ----- ------------ ----------- -----------
To re-elect
Dr John Roberts
CBE as a Director
3 of the Company 66,172,075 99.98 12,500 0.02 66,184,575 66.18 12,566
--------------------- ------------- ------ --------- ----- ------------ ----------- -----------
To re-elect
Rosemary Boot
as a Director
4 of the Company 66,172,075 99.98 12,500 0.02 66,184,575 66.18 12,566
--------------------- ------------- ------ --------- ----- ------------ ----------- -----------
To re-elect
Sonia McCorguodale
as a Director
5 of the Company 66,172,075 99.98 12,500 0.02 66,184,575 66.18 12,566
--------------------- ------------- ------ --------- ----- ------------ ----------- -----------
To re-elect
Dr Anthony
White MBE as
a Director
6 of the Company 66,172,075 99.98 12,500 0.02 66,184,575 66.18 12,566
--------------------- ------------- ------ --------- ----- ------------ ----------- -----------
To re-appoint
BDO LLP as
Auditors of
7 the Company 66,184,575 100 0 0 66,184,575 66.18 12,566
--------------------- ------------- ------ --------- ----- ------------ ----------- -----------
To authorise
the Audit Committee
to determine
the Auditors'
8 remuneration 66,191,489 100 0 0 66,191,489 66.18 5,652
--------------------- ------------- ------ --------- ----- ------------ ----------- -----------
To authorise
the Directors
to declare
and pay all
dividends of
the Company
as interim
9 dividends 66,191,489 100 0 0 66,191,489 66.18 5,652
--------------------- ------------- ------ --------- ----- ------------ ----------- -----------
To approve
the amendments
to the Company's
investment
10 policy 66,191,489 100 0 0 66,191,489 66.18 5,652
--------------------- ------------- ------ --------- ----- ------------ ----------- -----------
Conditional
on the passing
of Resolution
10, to approve
the change
of the Company's
11 name 66,191,489 100 0 0 66,189,489 66.18 5,652
--------------------- ------------- ------ --------- ----- ------------ ----------- -----------
To authorise
the Company
to purchase
12 its own shares 66,191,489 100 0 0 66,191,489 66.18 5,652
--------------------- ------------- ------ --------- ----- ------------ ----------- -----------
To authorise
the calling
of general
meetings, other
than an annual
general meeting,
on not less
than 14 clear
13 days' notice 66,191,489 100 0 0 66,191,489 66.18 5,652
--------------------- ------------- ------ --------- ----- ------------ ----------- -----------
*A vote withheld is not a vote in law and is not counted in the
calculation of the votes for or against a resolution.
Every shareholder has one vote for every Ordinary Share held. As
at 25 August 2022, the issued share capital of the Company
consisted of 100,014,079 Ordinary Shares. The Company holds no
Ordinary Shares in treasury. Therefore, the total voting number of
voting rights in the Company is 100,014,079 Ordinary Shares.
The full text of all the resolutions can be found in the Notice
of Annual General Meeting dated 15 July 2022, a copy of which is
available on the Company's website at
https://www.tpenergyefficiency.com/
In accordance with Listing Rule 9.6.2 copies of all the
resolutions passed, other than ordinary business, will be submitted
to the National Storage Mechanism and will shortly be available for
inspection 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
(Corporate Finance)
James Bouverat / Liam MacDonald-Raggett
(Sales) +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:
https://www.tpenergyefficiency.com/
NOTES:
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 Teeside 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
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