VH
Global Sustainable Energy Opportunities plc
22
February 2024
Dividend declaration
The Board of Directors
of VH Global
Sustainable Energy Opportunities plc (the
"Company") announces an interim dividend of 1.42p per share with respect
to the period from 1 October 2023 to 31 December
2023, an increase of 2.9% vs. the prior quarter. Of this amount, 0.49p per share
will be designated as an interest distribution.
Ex-Dividend
date
|
29 February 2024
|
Record
date
|
1 March 2024
|
Payment
date
|
28 March
2024
|
With the declaration of the interim
dividend, the total dividend for the 2023 financial year is 5.56p
per share, exceeding the dividend target of 5.52p.
The Company has committed to
quarterly dividends of at least 1.42p or 5.68p* in total for the
2024 financial year, in line with its progressive dividend policy a
total increase of 2.9%. Based on the shares outstanding as
at 31 December 2023, the dividend coverage was 1.1x
for 2023 financial year. As further projects achieve operational
status, the dividend coverage is expected to strengthen.
*The dividend targets stated in this announcement are targets
only and not profit forecasts. There can be no assurance that these
targets will be met, or that the Company will make any
distributions at all and they should not be taken as an indication
of the Company's expected future results. The Company's actual
returns will depend upon a number of factors, including but not
limited to the Company's net income and level of ongoing charges.
Accordingly, potential investors should not place any reliance on
these targets and should decide for themselves whether or not the
target dividend and target net total shareholder return are
reasonable or achievable.
The Company's LEI is
213800RFHAOF372UU580.
For further information, please
contact:
Edelman Smithfield (PR
Adviser)
Ged
Brumby
+44 (0)7540 412 301
Hamza Ali
+44 (0)7976 308 914
Victory Hill Capital Partners
LLP (Investment Manager)
Navin
Chauhan
info@victory-hill.com
Deutsche Numis (Corporate
Broker)
David
Benda
+44 (0)20 7260 1000
Matt Goss
Apex Fund and Corporate Services
(UK) Limited (Company Secretary)
ukfundscosec@apexgroup.com
About Victory Hill Capital
Partners LLP
Victory Hill Capital Partners
LLP ("Victory Hill") is authorised and regulated by
the Financial Conduct Authority (FRN
961570).
Victory Hill is based
in London and was founded in May 2020 by an
experienced team of energy financiers that have spun-out of a large
established global project finance banking group. The team has
participated in more than $200bn in transaction values
across 91 conventional and renewable energy-related transactions in
over 30 jurisdictions worldwide. Victory Hill is the investment
manager of the Company.
The Victory Hill team deploys its
experience across different financial disciplines in order to
assess investments holistically from multiple points of view. The
firm pursues operational stability and well-designed corporate
governance to generate sustainable positive returns for investors.
It focuses on supporting and accelerating the energy transition and
the attainment of the UN Sustainable Development Goals.
Victory Hill is a signatory of the
United Nations Principles for Responsible Investing (UN PRI), the
United Nations Global Compact (UN GC), Net Zero Asset Managers
Initiative (NZAMI), a member of the Global Impact Investing Network
(GIIN) and is a formal supporter of the Financial Stability Board's
Task-Force on Climate-related Disclosures (TCFD).
END