18 June 2021
Triple Point Energy Efficiency Infrastructure Company plc
("TEEC" or the "Company")
ISSUE OF ORDINARY SHARES UNDER THE INVESTMENT MANAGEMENT AGREEMENT
AND TOTAL VOTING RIGHTS
The Company announces that, in accordance with the terms of the Investment Management Agreement with Triple Point Investment Management LLP (the "Investment Manager") pursuant to which 20 per cent. of the investment management fee is payable in new ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares"), it has today issued, in aggregate, 675 Ordinary Shares (the "Investment Management Ordinary Shares") to the Investment Manager, subject only to Admission (defined below).
The issue price per Investment Management Ordinary Share is £0.9749 (being the prevailing Net Asset Value per share), in accordance with the terms of the Investment Management Agreement.
An application has been made for the Investment Management Ordinary Shares to be admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange. It is expected that dealings in the Investment Management Ordinary Shares will commence at 8.00 a.m. on 23 June 2021 ("Admission").
The Investment Management Ordinary Shares allotted and issued are subject to a minimum lock-in period of 12 months from 23 June 2021, being when the Investment Management Ordinary Shares became due and deliverable.
Total Voting Rights
Immediately following Admission, the Company's issued share capital will consist of 100,000,675 Ordinary Shares with voting rights. This 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Triple Point Investment Management LLP (Investment Manager) | (via FTI below) |
Jonathan Parr | |
Jonathan Hick | |
| |
Akur Capital (Financial Adviser) | Tel: 020 7493 3631 |
Tom Frost | |
Anthony Richardson | |
Siobhan Sergeant | |
| |
RBC Capital Markets (Joint Broker) | Tel: 020 7653 4000 |
Matthew Coakes | |
Jill Li | |
Kathryn Deegan | |
| |
Winterflood Securities (Joint Broker) | Tel: 020 3100 0000 |
Neil Langford | |
Hande Derinkok | |
| |
FTI Consulting | |
Ed Berry | Tel: 07703 330 199 |
Mitch Barltrop | Tel: 07807 296 032 |
The Company's LEI is 213800UDP142E67X9X28.
Further information on the Company can be found on its website at www.tpenergyefficiency.com.
NOTES:
The Company is an investment trust which invests exclusively in a diversified portfolio of Energy Efficiency Projects in the UK, which have a positive environmental impact. The Company's investments will focus on the core sectors of: low carbon heat distribution; social housing retrofit and industrial energy efficiency; and distributed generation.
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 generation projects. In 2018, Triple Point was appointed as the Delivery Partner to BEIS, a department of the UK government, to deliver the £320 million Heat Networks Investment Project ("HNIP").
The Company's ordinary share capital was admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange on 19 October 2020 and the Company was awarded the London Stock Exchange's Green Economy Mark.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.