Triple Point Energy Transition PLC Dividend Declaration (5597W)
December 13 2023 - 2:00AM
UK Regulatory
TIDMTENT
RNS Number : 5597W
Triple Point Energy Transition PLC
13 December 2023
13 December 2023
Triple Point Energy Transition plc
("TENT" or the "Company")
DIVIDEND DECLARATION
Triple Point Energy Transition plc (ticker: TENT), the London
Stock Exchange listed investment company focused on building a
portfolio of infrastructure investments that support the energy
transition, has declared an interim dividend in respect of the
period from 1 July 2023 to 30 September 2023 of 1.375 pence per
Ordinary Share, payable on or around 12 January 2024 to holders of
Ordinary Shares on the register on 22 December 2023. The
ex-dividend date will be 21 December 2023.
A portion of the Company's dividends are designated as an
interest distribution for UK tax purposes. The interest streaming
percentage for this dividend is 77.65%.
For further information, please contact:
Triple Point Investment Management LLP
Jonathan Hick
Christophe Arnoult
Chloe Smith +44 (0) 20 7201 8989
J.P. Morgan Cazenove (Corporate Broker)
William Simmonds
Jérémie Birnbaum +44 (0) 20 3493 8000
Akur Limited (Financial Adviser)
Tom Frost
Anthony Richardson
Siobhan Sergeant +44 (0) 20 7493 3631
Buchanan (Financial PR)
Helen Tarbet
Henry Wilson
Verity Parker +44 (0) 20 7466 5111
LEI: 213800UDP142E67X9X28
Further information on the Company can be found on its website:
http://www.tpenergytransition.com/
NOTES:
The Company is an investment trust which aims to invest in
assets that support the transition to a lower carbon, more
efficient energy system and help the UK achieve Net Zero.
Since its IPO in October 2020, the Company has made the
following investments and commitments:
-- Harvest and Glasshouse : provision of GBP21 million of senior
debt finance to two established combined heat and power ("CHP")
assets, located on the Isle of Wight, supplying heat, electricity
and carbon dioxide to the UK's largest tomato grower, APS Salads
("APS") - March 2021
-- Spark Steam : provision of GBP8 million of senior debt
finance to an established CHP asset in Teesside supplying APS, as
well as a further power purchase agreement through a private wire
arrangement with another food manufacturer - June 2021
-- Hydroelectric Portfolio (1) : acquisition of six operational,
Feed in Tariff ("FiT") accredited, "run of the river" hydroelectric
power projects in Scotland, with total installed capacity of 4.1MW,
for an aggregate consideration of GBP26.6 million (excluding costs)
- November 2021
-- Hydroelectric Portfolio (2) : acquisition of a further three
operational, FiT accredited, "run of the river" hydroelectric power
projects in Scotland, with total installed capacity of 2.5MW, for
an aggregate consideration of GBP19.6 million (excluding costs) -
December 2021
-- BESS Portfolio : commitment to provide a debt facility of
GBP37 million to a subsidiary of Virmati Energy Ltd (trading as
"Field"), for the purposes of building a portfolio of four
geographically diverse Battery Energy Storage System ("BESS")
assets in the UK with a total capacity of 110MW - March 2022
-- Energy Efficient Lighting: funding of c.GBP2.2 million to a
lighting solutions provider to install efficient lighting and
controls at a leading logistics company - March 2023
-- Innova: provision of a GBP5 million short term development
financing facility to Innova Renewables, building out a portfolio
of Solar and BESS assets across the UK - March 2023
-- Energy Efficient Lighting: funding of c.GBP2.3 million to
refinance efficient lighting and controls installed at Places for
People Homes Limited - September 2023
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 projects.
Following its IPO on 19 October 2020, the Company was admitted
to trading on the Premium Segment of the Main Market of the London
Stock Exchange on 28 October 2022. The Company was also awarded the
London Stock Exchange's Green Economy Mark.
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END
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