Aquila European Renewables PLC Purchase of Shares for the Investment Adviser (8707F)
November 09 2022 - 9:20AM
UK Regulatory
TIDMAERS TIDMAERI
RNS Number : 8707F
Aquila European Renewables PLC
09 November 2022
9 November 2022
Aquila European Renewables plc
Purchase of Ordinary Shares in Connection with the Payment of
the Investment Adviser Fee
Aquila European Renewables (the "Company") announces that, in
accordance with the Investment Advisory Agreement ("IAA"), it has
purchased 852,206 Ordinary Shares ("Investment Adviser Fee Shares")
in the Company at an average price of EUR0.947292 per Ordinary
Share for Aquila Capital Investmentgesellschaft mbH, the Company's
Investment Adviser, in order to satisfy the Company's Investment
Adviser fee due for the period from 1 July 2022 to 30 September
2022. The purchase of the Investment Adviser Fee Shares equated to
a total consideration of EUR 812,544.96 , including commission and
stamp duty and was funded out of the Company's surplus cash.
Details of the IAA were disclosed in the prospectus published by
the Company on 17 September 2020.
Following the transaction noted above, the Investment Adviser
now holds an aggregate total of 7,287,074 Ordinary Shares,
representing 1.79% of the Company's total Ordinary Shares on
issue.
Ends
For further details contact:
Media Contacts
Edelman Smithfield
Ged Brumby 07540 412301
Kanayo Agwunobi 07581 010560
Sponsor, Broker and Placing Agent
Numis Securities 020 7260 1000
Tod Davis
David Benda
Vicki Paine
NOTES
The objective of Aquila European Renewables plc is to provide
investors with an attractive long-term, income-based return in EUR
through a diversified portfolio of wind, solar PV and hydropower
investments across continental Europe and Ireland. Through the
diversification of generation technologies, the seasonal production
patterns of these asset types complement each other to balance the
cash flow, while the geographic diversification serves to reduce
exposure to one single energy market. In addition, a balance is
maintained between government supported revenues, fixed price power
purchase agreements and market power price risk.
www.aquila-european-renewables.com
LEI Number: 213800UKH1TZIC9ZRP41
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