Triple Point Energy Efficiency Issue of Ordinary Shares under IMA (2922C)
18 Junio 2021 - 1:00AM
UK Regulatory
TIDMTEEC
RNS Number : 2922C
Triple Point Energy Efficiency
18 June 2021
18 June 2021
Triple Point Energy Efficiency Infrastructure Company plc
("TEEC" or the "Company")
ISSUE OF ORDINARY SHARES UNDER THE INVESTMENT MANAGEMENT
AGREEMENT
AND TOTAL VOTING RIGHTS
The Company announces that, in accordance with the terms of the
Investment Management Agreement with Triple Point Investment
Management LLP (the "Investment Manager") pursuant to which 20 per
cent. of the investment management fee is payable in new ordinary
shares of GBP0.01 each in the capital of the Company ("Ordinary
Shares"), it has today issued, in aggregate, 675 Ordinary Shares
(the "Investment Management Ordinary Shares") to the Investment
Manager, subject only to Admission (defined below).
The issue price per Investment Management Ordinary Share is
GBP0.9749 (being the prevailing Net Asset Value per share), in
accordance with the terms of the Investment Management
Agreement.
An application has been made for the Investment Management
Ordinary Shares to be admitted to trading on the Specialist Fund
Segment of the Main Market of the London Stock Exchange. It is
expected that dealings in the Investment Management Ordinary Shares
will commence at 8.00 a.m. on 23 June 2021 ("Admission").
The Investment Management Ordinary Shares allotted and issued
are subject to a minimum lock-in period of 12 months from 23 June
2021, being when the Investment Management Ordinary Shares became
due and deliverable.
Total Voting Rights
Immediately following Admission, the Company's issued share
capital will consist of 100,000,675 Ordinary Shares with voting
rights. 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 a change to their interest
in, the share capital of the Company under the FCA's Disclosure and
Transparency Rules.
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Triple Point Investment Management (via FTI below)
LLP
(Investment Manager)
Jonathan Parr
Jonathan Hick
Akur Capital (Financial Adviser) Tel: 020 7493 3631
Tom Frost
Anthony Richardson
Siobhan Sergeant
RBC Capital Markets (Joint Broker) Tel: 020 7653 4000
Matthew Coakes
Jill Li
Kathryn Deegan
Winterflood Securities (Joint Broker) Tel: 020 3100 0000
Neil Langford
Hande Derinkok
FTI Consulting
Ed Berry Tel: 07703 330 199
Mitch Barltrop Tel: 07807 296 032
The Company's LEI is 213800UDP142E67X9X28.
Further information on the Company can be found on its website
at www.tpenergyefficiency.com .
NOTES:
The Company is an investment trust which invests exclusively in
a diversified portfolio of Energy Efficiency Projects in the UK,
which have a positive environmental impact. The Company's
investments will focus on the core sectors of: low carbon heat
distribution; social housing retrofit and industrial energy
efficiency; and distributed generation.
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 generation projects. In
2018, Triple Point was appointed as the Delivery Partner to BEIS, a
department of the UK government, to deliver the GBP320 million Heat
Networks Investment Project ("HNIP").
The Company's ordinary share capital was admitted to trading on
the Specialist Fund Segment of the Main Market of the London Stock
Exchange on 19 October 2020 and the Company was awarded the London
Stock Exchange's Green Economy Mark.
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END
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