RNS Number : 3969C
Triple Point Income VCT PLC
11 October 2022
 

11 October 2022

Triple Point Income VCT plc

(the "Company")

Disposal of gas fired energy asset and Dividend Declaration

Disposal of gas fired energy asset

The Board is pleased to announce that yesterday it completed on the sale of Green Peak Generation Limited within the Company's E Share Class for total consideration of £2,633,610, as part of a wider portfolio sale of gas fired energy generation companies.

 

The Company conducted a competitive process and invited bids from some of the leading energy infrastructure investors in the UK, following renewed interest in these types of assets due to changes in the energy market landscape. The Company received bids from all invited bidders, following which Conrad Energy (Holdings) II Limited ("Conrad") was selected as the preferred bidder for the gas fired generation projects, with reference to key criteria including total consideration, level of offer conditionality and high level of deliverability. At the conclusion of the sale process, Conrad's final offer was considered the most attractive to the Company.

 

Dividend Declaration

 

The Board has today resolved to pay an interim dividend of 12.0p per share to E Class Shareholders. The dividend will be paid on 4 November 2022 to E Shareholders on the register at the close of business on 21 October 2022. The ex-dividend date will be 20 October 2022.

 

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

Triple Point Investment Management LLP

(Investment Manager)

Tel: 020 7201 8989

Belinda Thomas

Jonathan Parr


The Company's LEI is 213800IXD8S5WY88L245

 

Further information on the Company can be found on its website https://www.triplepoint.co.uk/current-vcts/triple-point-income-vct-plc/s1238/

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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.
 
END
 
 
DIVMMBFTMTTBBJT