REG - Octopus Renewables Aquila Eur Renwables Aquila Euro Rnw-AERI - Response to announcement by AERI / AERS

Aquila European RenewablesAnnouncement

26/02/2024 16:00

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RNS Number : 4973E  Octopus Renewables Infra Trust PLC  26 February 2024

26 February 2024

 

LEI: 213800B81BFJKWM2JV13

 

Octopus Renewables Infrastructure Trust plc

 

("ORIT" or the "Company")

 

Response to announcement by Aquila European Renewables plc

 

The Board of ORIT notes the announcement released today by Aquila European
Renewables plc ("AERI") confirming that a review of broader options for the
future of AERI has commenced, which includes the consideration of a potential
combination pursuant to section 110 of the Insolvency Act 1986 (the "Section
110 Review"), and that it is entering into a process of mutual due diligence
with multiple interested parties.

 

The Board of ORIT confirms that ORIT is participating in the Section 110
Review. There can be no certainty that a transaction between ORIT and AERI
will result from the process.

 

The Board of ORIT will make further announcements as and when appropriate.

 

For further information please contact:

 

 Octopus Energy Generation (Investment Manager)                         Via Buchanan

 Chris Gaydon, David Bird

 Peel Hunt (Financial Adviser and Broker)                               020 7418 8900

 Liz Yong, Luke Simpson, Huw Jeremy (Investment Banking)

 Michael Nicholson, Ed Lowe, Ed Beazley (M&A)

 Buchanan (Financial PR)                                                020 7466 5000

 Charles Ryland, George Beale, Sam Adams

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

 
 

Notes to editors

 

About Octopus Renewables Infrastructure Trust

 

Octopus Renewables Infrastructure Trust ("ORIT") is a premium-listed,
closed-ended investment company incorporated in England and Wales focused on
providing investors with an attractive and sustainable level of income
returns, with an element of capital growth, by investing in a diversified
portfolio of renewable energy assets in Europe and Australia. As an impact
fund, ORIT is helping accelerate the transition to net zero by investing in
green energy, whilst also contributing to a broader set of UN Sustainable
Development Goals through its impact initiatives. ORIT's investment manager is
Octopus Energy Generation.

 

Further details can be found at www.octopusrenewablesinfrastructure.com
(http://www.octopusrenewablesinfrastructure.com)

 

About Octopus Energy Generation

 

Octopus Energy Generation is driving the renewable energy agenda by building
green power for the future. Its specialist renewable energy fund management
team invests in renewable energy assets and broader projects helping the
energy transition, across operational, construction and development stages.
The team was set up in 2010 based on the belief that investors can play a
vital role in accelerating the shift to a future powered by renewable energy.
It has a 13-year track record with approximately £6.0 billion of assets under
management (AUM) (as of September 2023) across 16 countries and total 3.3GW.
These renewable projects generate enough green energy to power 2.4 million
homes every year, the equivalent of taking over 1.2 million petrol cars off
the road. Octopus Energy Generation is the trading name of Octopus Renewables
Limited.

 

Further details can be found at www.octopusenergygeneration.com
(http://www.octopusenergygeneration.com)

 

Other notices

 

Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated by the
Financial Conduct Authority in the UK, is acting exclusively for ORIT and no
one else in connection with the matters described in this announcement and
will not be responsible to anyone other than ORIT for providing the
protections afforded to clients of Peel Hunt nor for providing advice in
connection with the matters referred to herein. Neither Peel Hunt nor any of
its subsidiaries, branches or affiliates owes or accepts any duty, liability
or responsibility whatsoever (whether direct or indirect, whether in contract,
in tort, under statute or otherwise) to any person who is not a client of Peel
Hunt in connection with this announcement, any statement contained herein or
otherwise.

 

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