REG - Aquila Eur Renwables Aquila Euro Rnw-AERI - Dividend Declaration

Aquila European RenewablesAnnouncement

13/02/2025 07:00

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RNS Number : 9198W  Aquila European Renewables PLC  13 February 2025

13 February 2025

Aquila European Renewables plc

Dividend Payment

The Board of Aquila European Renewables plc (the "Company") wishes to announce
a change to the Company's future dividend policy.  Following the shareholder
vote to approve a managed wind-down of the Company, it is the Board's
intention to continue paying dividends covered by earnings and taking into
account the Company's liquidity position, in order to maintain the Company's
investment trust status.

As such, the Board will no longer provide forward guidance as to the level of
dividend for the year ahead. Shareholders should also note that the Board will
no longer seek to smooth the level of dividend over a financial year to reduce
the impact of the seasonality of earnings and that, in addition the level of
dividend payments (including the fourth interim dividend declared today),
these are expected to decline as assets are realised (such as Tesla), gearing
is reduced and capital is returned to shareholders.

The Board is pleased to declare a fourth interim dividend for the year to 31
December 2024 of 0.79 cents per Ordinary share. Of this amount, 0.1820 cents
per ordinary share will be designated as an interest distribution. The
dividend will be paid on 18 March 2025 to shareholders who appear on the
register on 21 February 2025.  The Company's Ordinary shares will be marked
ex-dividend on 20 February 2025.

Shareholders should note that the default payment currency is Euro, though
shareholders can elect to have their dividends paid in Sterling. The last day
for currency elections to be registered is 28 February 2025. Currency
elections should be submitted via CREST in the usual manner. Certificated
shareholders can access a currency election form via the Registrar's website
at www.investorcentre.co.uk (http://www.investorcentre.co.uk) .

The Company will announce the Sterling dividend rate in respect of the fourth
quarterly dividend on 4 March 2025.

For further details contact:

 

Sponsor, Broker and Placing Agent

Numis Securities 020 7260 1000

Tod Davis

David Benda

George Shiel

 

www.aquila-european-renewables.com
(http://www.aquila-european-renewables.com/)

 

LEI: 213800UKH1TZIC9ZRP41

 

 

END

 

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