Renewables Infrastructure Grp (The) Issue of Equity (7518Y)
11 Septiembre 2020 - 3:59AM
UK Regulatory
TIDMTRIG
RNS Number : 7518Y
Renewables Infrastructure Grp (The)
11 September 2020
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC
OF SOUTH AFRICA.
The Renewables Infrastructure Group Limited
Issue of Ordinary Shares under the Management Agreements, and
pursuant to the Scrip Alternative
and Total Voting Rights
Issue of Ordinary Shares under the Management Agreements
The Board of The Renewables Infrastructure Group Limited (the "
Company ") announces that, in accordance with the terms of the
management fee arrangement with InfraRed Capital Partners Limited
(the " Investment Manager ") and Renewable Energy Systems Limited
(the " Operations Manager ") under which 20 per cent of the
management fee is payable in new ordinary shares of no par value in
the capital of the Company (" Ordinary Shares "), it has today
issued in aggregate 893,480 Ordinary Shares (the " Management
Ordinary Shares "), subject only to Admission (defined below).
The issue price per Management Ordinary Share is 111.31, which
is the 30 June 2020 NAV of 113p less the 1.69p dividend paid for
the period.
Pursuant to the terms of (a) the Investment Management Agreement
between, inter alia, the Company and the Investment Manager dated 5
July 2013 (the " Investment Management Agreement ") and (b) the
Operations Manager dated 5 July 2013 (the " Operations Management
Agreement "), 580,762 and 312,718 new Ordinary shares have been
allotted to the Investment Manager and the Operations Manager
respectively. This is for the period from 1 January to 30 June
2020.
The Ordinary Shares allotted and issued to the Investment
Manager and Operations Manager set out above are subject to a lock
up of one year from Admission.
Issue of Ordinary Shares pursuant to the Company's Scrip
Dividend Alternative
The Board of the Company announces that, pursuant to the
Company's scrip dividend alternative in lieu of cash for the
interim dividend for the three months ended 30 June 2020, elections
for the scrip dividend alternative were received in respect of
204,175,452 of the Ordinary Shares in issue as at the record date
of 14 August 2020. As a consequence, the Company has today issued
2,601,332 Ordinary Shares (the "Scrip Shares"), subject only to
Admission (defined below).
When issued, the Scrip Shares will rank pari passu with the
existing Ordinary Shares.
A copy of the document relating to the Scrip Dividend
Alternative dated 1 April 2020 is available for inspection at the
National Storage Mechanism www.morningstar.co.uk/uk/NSM and can
also be obtained from the Company Secretary or from the Investor
Relations section of the Company's website at www.trig-ltd.com
.
Admission
Application has been made for the Scrip 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. It is
expected that dealings in the Scrip Shares will commence at 8.00
a.m. on 30 September 2020 ("Admission").
Total Voting Rights
In accordance with the Financial Conduct Authority's Disclosure
and Transparency Rules, the total number of Ordinary Shares in
issue on Admission will be 1,741,925,855 each with one voting
right. No Ordinary Shares are held in treasury.
The above 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 Company, under the Disclosure and Transparency Rules.
Enquiries
Aztec Financial Services (Guernsey)
Limited
Chris Copperwaite
Laura Dunning +44 (0)1481 748831
InfraRed Capital Partners Limited
Richard Crawford
Phil George +44 (0) 20 7484 1800
Maitland/AMO
James Isola
Zara de Belder +44 (0) 20 7379 5151
Investec Bank Plc
Lucy Lewis
Denis Flanagan +44 (0) 20 7597 5661
Liberum Capital Limited
Chris Clarke
Gillian Martin +44 (0) 20 3100 2000
Ends
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