REG - Aquila Energy Effcn. - Update re: Investment Adviser

Aquila Energy Efficiency TrustAnnouncement

19/01/2024 14:00

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RNS Number : 3425A  Aquila Energy Efficiency Trust PLC  19 January 2024

19 January 2024

 

Aquila Energy Efficiency Trust PLC

(the "Company")

Investment Adviser Update

Aquila Energy Efficiency Trust PLC notes the announcement that the Company's
Investment Adviser, Aquila Capital Investmentgesellschaft mbH ("Aquila
Capital") and Commerzbank have entered into a strategic partnership aimed at
significantly accelerating Aquila Capital's growth and developing the
Investment Adviser into one of the leading asset managers for sustainable
investment strategies in Europe. As part of this partnership, Commerzbank will
acquire a 74.9% stake in the Investment Adviser with the Aquila Group
remaining permanently engaged as a shareholder with its remaining
shareholding. The partnership ensures the managerial independence of the
Company's Investment Adviser as it will remain autonomous in terms of
operations, investment decisions, product development and brand
representation. The existing management and fund management teams responsible
for the Company will remain unchanged.

The transaction is subject to the required regulatory approvals and is
expected to close in the second quarter 2024.

For further information, please contact:

 Aquila Capital (Investment Adviser)                                         Via Buchanan

 Buchanan (Financial PR)                                                     020 7466 5000

 Charles Ryland

 George Beale

 Stifel Nicolaus Europe Limited (Sole Financial Adviser and Sole Corporate   020 7710 7600
 Broker)

 Edward Gibson-Watt

 Mark Young

 Rajpal Padam

 Madison Kominski

 

NOTES:

The Company's investment objective is to generate attractive returns,
principally in the form of income distributions, by investing in a diversified
portfolio of energy efficiency investments with private and public sector
counterparties across Europe. Energy efficiency, by definition, refers to
measures whose implementation results in the same or an improved performance
with reduced energy consumption. These investments seek to reduce primary
energy consumption and avoid CO₂ emissions towards national and
international Net Zero ambitions. In addition, in most cases, these projects
also deliver economic savings and other benefits to the Company's
counterparties, including improved air quality. The Company targets a total
shareholder return of 7.5 per cent. to 9.5 per cent. per annum (net of fees
and expenses) through its investments and the reinvestment of excess cash
flows, asset management initiatives and portfolio leverage.

The Company is listed on the premium segment of the Official List of the UK
Financial Conduct Authority and its Ordinary Shares began trading on the Main
Market of the London Stock Exchange on 2 June 2021.

The Company's LEI is 213800AJ3TY3OJCQQC53

Further information on the Company can be found on its website at:
https://www.aquila-energy-efficiency-trust.com
(https://www.aquila-energy-efficiency-trust.com)

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