Greencoat Renewables PLC Statement regarding Investment Manager ownership (2733W)
December 21 2021 - 2:14AM
UK Regulatory
TIDMGRP
RNS Number : 2733W
Greencoat Renewables PLC
21 December 2021
Statement regarding ownership of Greencoat Renewables'
Investment Manager
Dublin, London, 21 December 2021
Greencoat Renewables PLC ("Greencoat Renewables"), the renewable
infrastructure company invested in euro-denominated assets, notes
the announcement by Schroders plc ("Schroders") that it has agreed
to acquire a 75% shareholding in Greencoat Capital, the investment
manager of Greencoat Renewables.
The Board of Greencoat Renewables welcomes the transaction, and
the additional capabilities which Schroders will bring to Greencoat
Capital to augment its offering and value.
There is no change to Greencoat Renewables' relationship with
Greencoat Capital nor to the Investment Management Agreement. The
Greencoat Capital team that has worked with the Board of Greencoat
Renewables for the past four years since IPO will remain in
place.
There is also no change to the investment strategy, which
continues to be overseen by the Board and approved by Greencoat
Renewables' shareholders.
--- ENDS ---
For further details contact:
Greencoat Capital LLP (Investment Manager)
Bertrand Gautier
Paul O' Donnell
Tom Rayner +44 20 7832 9400
FTI Consulting (Investor Relations & Media)
Jonathan Neilan
Melanie Farrell greencoat@fticonsulting.com
Davy (Broker, NOMAD and Euronext Growth Adviser)
Barry Murphy
Ronan Veale +353 1 679 6363
About Greencoat Renewables PLC
Greencoat Renewables PLC is an investor in euro-denominated
renewable energy infrastructure assets. Initially focused solely on
the acquisition and management of operating wind farms in Ireland,
the Company is now also investing in wind and solar assets in
certain other European countries with stable and robust renewable
energy frameworks. It is managed by Greencoat Capital LLP, an
experienced investment manager in the listed renewable energy
infrastructure sector.
For more information about Greencoat Renewables PLC, please
visit http://www.greencoat-renewables.com/
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