REG - Aquila Eur Renwables Aquila Euro Rnw-AERI - Net Asset Value & Factsheet

Aquila European RenewablesAnnouncement

05/11/2024 07:00

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RNS Number : 8943K  Aquila European Renewables PLC  05 November 2024

5 November 2024

Aquila European Renewables plc

 

Net Asset Value and Factsheet - November 2024

 

Aquila European Renewables plc (the Company), a Euro income fund, announces
its unaudited net asset value ("NAV") as at 30 September 2024, on a cum-income
basis, was EUR 341,542,195.4 or 90.33cents per ordinary share. This represents
a NAV total return of 3.4% per Ordinary Share over the quarter.

 

Key drivers of the NAV movement in Q3 2024:

 

·    The positive impact of the decrease in the risk-free rate following
the ECB's decision to cut rates by an additional 25 bps in early September
2024. (+3.5 cents per Ordinary Share)

·    A slight decrease in power price curves, primarily driven by
increased renewable energy production in the mid to long-term outlook and a
reduction in carbon EUA emissions in the Iberian region. (-1.1 cents per
Ordinary Share)

·    Following the announcement from the previous quarter, the sale of
Tesla closed on 30 September 2024 at a 10.8% premium to the Company's Q2
valuation (+0.7 cents per Ordinary Share)

·    Decrease in portfolio discount rate from 7.5% to 7.2%, largely due to
the decrease in the risk-free rate

 

 

Further details will shortly be available in the quarterly factsheet on the
Company's website at: https://www.aquila-european-renewables.com.

 

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

 

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