RNEW Ecofin U.s. Renewables Infrastructure Trust Plc

TIDMRNEW

RNS Number : 1996Z

Ecofin US Renewables Infrastr.Trust

20 May 2021

20 May 2021

ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC

(the "Company")

Issue of management fee shares

The Company announces that it has issued 27,929 ordinary shares ("New Ordinary Shares") to the Company's Investment Manager, Ecofin Advisors, LLC, in relation to fees payable for the period from 22 December 2020 to 31 March 2021. 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 prospectus published by the Company on 11 November 2020.

The New Ordinary Shares are being issued at a price equal to the prevailing cum income Net Asset Value as at 31 March 2021 of 99.06 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 and dealings in the New Ordinary Shares will commence at 8am on 21 May 2021. 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 125,027,930 ordinary shares. Therefore, the total number of voting rights of the Company is 125,027,930 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 and Transparency Rules.

For further information, please contact:

 
 Ecofin Advisors, LLC (Investment Manager) 
  Jerry Polacek 
  Matthew Ordway 
  Prashanth Prakash                               +1 913 981 1020 
 Stifel (Corporate Broker) 
  Mark Bloomfield 
  Nick Donovan 
  Maarten Freeriks                                +44 207 710 7600 
 PraxisIFM Fund Services (UK) Limited (Company 
  Secretary)                                      +44 204 513 9260 
 

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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