RNS Number : 1323B
Atrato Onsite Energy PLC
29 January 2024
 

29 January 2024

 

Atrato Onsite Energy plc

(the "Company")

 

Dividend declaration

 

The Board of Atrato Onsite Energy plc (LSE: ROOF), the investment company focusing on clean energy generation, is pleased to declare the Company's first interim dividend of 1.37 pence per ordinary share in respect of the period from 1 October 2023 to 31 December 2023 (the "First Quarterly Dividend"), as scheduled below:

 

Ex-dividend date             8 February 2024

Record date                       9 February 2024

Payment date                   1 March 2024

 

A portion of the Company's First Quarterly Dividend is designated as an interest distribution for UK tax purposes. The interest streaming percentage for the First Quarterly Dividend is 50%.

 

The Company is targeting an annualised dividend of 5.5 pence per ordinary share for FY24, representing a 10% increase on the prior year. The Company's 12-month forward-looking dividend cover is expected to be in excess of 1.3x(1)(2)

 

 

ENQUIRIES

 

Atrato Partners

Gurpreet Gujral

Christopher Fearon

 

+44 (0)77 959 75560

 

 

Stifel Nicolaus Europe Limited

Mark Young

Rajpal Padam

Madison Kominski

 

+44 (0)20 7710 7600

 

Kaso Legg Communications Limited

Charles Gorman

Charlotte Francis

 

atrato@kl-communications.com

+44 (0)20 3995 6673

 







 

Notes to Editors

Atrato Onsite Energy plc (LSE: ROOF) is an investment company specialising in clean energy generation with 100% carbon traceability. The Company focuses on UK solar, helping its clients achieve net zero and reduce their energy bills.

 

The Company aims to provide investors with attractive capital growth and long dated, index-linked income, targeting a 5% dividend yield and a NAV total return of 8 - 10%(2). Its shares were admitted to trading on the premium segment of the Main Market of the London Stock Exchange on 23 November 2021. Atrato Partners Limited is the Company's Investment Adviser.

 

Further information is available on the Company's website, www.atratorenewables.com.

 

The Company's LEI is 213800IE1PPREDIIZB62

 

(1) Once portfolio is fully operational

(2) There is no certainty that these targets will be achieved.

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