Ecofin US Renewables Infrastr.Trust Purchase of Management Fee Shares (9861Q)
02 Noviembre 2021 - 01:00AM
UK Regulatory
TIDMRNEW
RNS Number : 9861Q
Ecofin US Renewables Infrastr.Trust
02 November 2021
2 November 2021
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 2021 the Investment
Manager purchased 31,553 Ordinary Shares ("Management Fee Shares")
at an average price of $0.985 per Management Fee Share, reflecting
the management fee due for the period from 1 July 2021 to 30
September 2021.
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 key terms of the IMA were disclosed in
the prospectus published by the Company on 11 November 2020 (the
"Prospectus").
Combined with previous Management Fee Share purchases and
issuances, the Investment Manager and the relevant Associates will
hold a total of 85,050 Management Fee Shares.
Unless the context otherwise requires, capitalised terms used in
this announcement have the meanings provided in the Prospectus.
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 +44 207 710 7600
PraxisIFM Fund Services (UK) Limited (Company
Secretary)
Martin Darragh
Maria Matheou +44 204 513 9260
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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