Renewables Infrastructure Grp (The) Issue of Equity (0950N)
September 20 2023 - 8:54AM
UK Regulatory
TIDMTRIG
RNS Number : 0950N
Renewables Infrastructure Grp (The)
20 September 2023
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
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 760,536 Ordinary Shares (the " Management
Ordinary Shares "), subject only to Admission (defined below).
The issue price per Management Ordinary Share is 130.405p, which
is the 30 June 2023 NAV of 132.2p less the 1.795p 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 "), 494,349 and 266,187 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
2023.
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.
Admission
Application has been made for the Management Ordinary 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 Management Ordinary
Shares will commence at 8.00 a.m. on 29 September 2023
("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 2,484,343,784 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 749700
InfraRed Capital Partners Limited
Richard Crawford
Phil George +44 (0) 20 7484 1800
Brunswick
Mara James +44 (0) 20 7404 5959
Investec Bank Plc
Lucy Lewis
Denis Flanagan +44 (0) 20 7597 5661
BNP Paribas
Virginia Khoo
Carwyn Evans +44 (0) 20 7595 9444
Ends
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