REG - Aquila Energy Effcn. - Results of General Meeting and Tender Offer

Aquila Energy Efficiency TrustAnnouncement

13/05/2024 12:45

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RNS Number : 2057O  Aquila Energy Efficiency Trust PLC  13 May 2024

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, NEW ZEALAND OR JAPAN OR
ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION.

13 May 2024

 

Aquila Energy Efficiency Trust PLC

 

(the "Company")

Results of General Meeting and Tender Offer

Introduction

Further to the tender offer launched by the Company on 19 April 2024 (the
"Tender Offer") for up to 18,561,732 Ordinary Shares, representing
approximately 18.6 per cent. of the Company's Issued Ordinary Share Capital,
which closed at 1.00 p.m. on 10 May 2024, the Company today announces:

·    that 90,231,121 shares were validly tendered pursuant to the Tender
Offer; and

·    that at the General Meeting of the Company held at 11.30 a.m. today,
the special resolution set out in the Notice of General Meeting dated 19 April
2024 authorising the Company to make market purchases pursuant to the Tender
Offer was duly passed.

Terms used in this announcement have the same meaning as set out in the
Company's circular to Shareholders in respect of the Tender Offer dated 19
April 2024 (the "Circular").

Results of Tender Offer

Qualifying Shareholders who validly tendered a percentage of their Ordinary
Shares equal to or less than their Basic Entitlement of 18.6 per cent. have
had all tendered Ordinary Shares purchased in full under the Tender Offer.

Following a scale back exercise, Shareholders who validly tendered a
percentage of Ordinary Shares greater than their Basic Entitlement have had a
number of Ordinary Shares equal to their Basic Entitlement purchased in full
plus 1.819193 per cent. of the Ordinary Shares they tendered in excess of
their Basic Entitlement, in accordance with the process described in the
Circular.

The Company purchased, in aggregate, 18,561,732 Ordinary Shares under the
Tender Offer. All successfully tendered Ordinary Shares have been acquired at
the Tender Price of 94.28 pence per Ordinary Share.

It is intended that settlement of the Tender Offer will occur on or around 15
May 2024, and that the consideration payable in respect of the Ordinary Shares
accepted in the Tender Offer will be despatched to Shareholders who have
validly tendered Ordinary Shares through CREST or by cheque (as applicable) as
soon as practicable thereafter.

Results of General Meeting

 

The special resolution proposed at the General Meeting held earlier today to
approve the purchase of Ordinary Shares pursuant to the Tender Offer was duly
passed without amendment.

The text of the resolution is contained in the Notice of General Meeting dated
19 April 2024, which can be found on the Company's website
at https://www.aquila-energy-efficiency-trust.com
(https://www.aquila-energy-efficiency-trust.com/) .

Voting on the resolutions was taken on a poll. The results of the poll were as
follows:

 

 Resolution  In favour                 Against              Withheld
             Votes       % Votes Cast  Votes  % Votes Cast  Votes
 1           55,934,860  99.9          3,505  0.01          1,500

At the time of the above meeting, the Company's issued share capital consisted
of 100,000,000 ordinary shares. The Company held no shares in treasury.
Therefore, the total number of ordinary shares with voting rights was
100,000,000. Each ordinary share held entitles the holder to one vote and
there are no restrictions on those voting rights. A "Vote withheld" is not a
vote in law and is not counted in the calculation of the percentage of shares
voted "For" or "Against" a resolution.

Total Voting Rights

In accordance with DTR 5.6.1R, following the repurchase and cancellation of
the tendered Ordinary Shares by the Company, the Company's total issued share
capital consists of 81,438,268 Shares of £0.01 each. The Company does not
hold any Ordinary Shares in treasury.

Accordingly, the total number of Ordinary Shares in the Company, each with
equal voting rights, is currently 81,438,268.

This total voting rights figure can be used by shareholders as the denominator
for the calculations by which they will determine whether they are required to
notify their interest, or a change to their interest, in the Company under the
FCA's Disclosure Guidance and Transparency Rules.

 

For further information, please contact:

 Aquila Capital (Investment Adviser)  Via Buchanan

 Stifel Nicolaus Europe Limited (Corporate Broker)                 020 7710 7600

 Edward Gibson-Watt, Rajpal Padam, Madison Kominski

 Buchanan (Financial PR)                                           020 7466 5000

 Charles Ryland, George Beale

 Apex Listed Companies Services (UK) Limited (Company Secretary)   020 3327 9720

 Sinead van Duuren

 

 

The Company's LEI is 213800AJ3TY3OJCQQC53

 

This announcement is not for publication or distribution, directly or
indirectly, in or into, or from the United States or any other jurisdiction
where to do so would violate the laws in that jurisdiction. This announcement
does not constitute or form part of any offer to purchase, or invitation to
sell, Ordinary Shares in the United State or any jurisdiction in which such
offer or invitation is unlawful. Any failure to comply with these restrictions
or requirements may constitute a violation of the securities or other laws of
such jurisdiction.

This announcement may contain "forward-looking statements" with respect to
certain of the Company's plans and its current goals and expectations relating
to its future financial condition, performance, strategic initiatives,
objectives and results. Forward-looking statements sometimes use words such as
"aim", "anticipate", "target", "expect", "estimate", "intend", "plan", "goal",
"believe", "seek", "may", "could", "outlook" or other words of similar
meaning. By their nature, all forward-looking statements involve risk and
uncertainty because they relate to future events and circumstances which are
beyond the control of the Company. As a result, the actual future financial
condition, performance and results of the Company may differ materially from
the plans, goals and expectations set forth in any forward-looking statements.
Any forward-looking statements made in this announcement by or on behalf of
the Company speak only as of the date they are made. The information contained
in this announcement is subject to change without notice and except as
required by applicable law or regulation, the Company expressly disclaims any
obligation or undertaking to publish any updates or revisions to any
forward-looking statements contained in this announcement to reflect any
changes in the Company's expectations with regard thereto or any changes in
events, conditions or circumstances on which any such statements are based.

Neither the content of the Company's website (or any other website) nor the
content of any website accessible from hyperlinks on the Company's website (or
any other website) is incorporated into or forms part of this announcement.

 

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