REG - Aquila Eur Renwables Aquila Euro Rnw-AERI - Purchase of Shares for the Investment Adviser

Aquila European RenewablesAnnouncement

07/08/2023 14:30

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RNS Number : 5398I  Aquila European Renewables PLC  07 August 2023

7 August 2023

 

 

Aquila European Renewables plc

Purchase of Ordinary Shares in Connection with the Payment of the Investment
Adviser Fee

Aquila European Renewables plc (the "Company") announces that, in accordance
with the Investment Advisory Agreement ("IAA"), it has purchased 831,701
Ordinary Shares ("Investment Adviser Fee Shares") in the Company at a gross
price of €0.87 per Ordinary Share for Aquila Capital Investmentgesellschaft
mbH, the Company's Investment Adviser, in order to satisfy the Company's
Investment Adviser fee due for the period from 1 April 2023 to 30 June 2023.
The purchase of the Investment Adviser Fee Shares equated to a net
consideration of €728,289.73, including commission and stamp duty and was
funded out of the Company's surplus cash. Details of the IAA were disclosed in
the prospectus published by the Company on 17 September 2020.

Following the transaction noted above, the Investment Adviser now holds an
aggregate total of 9,790,810 Ordinary Shares, representing 2.54% of the
Company's total Ordinary Shares in circulation.

Media contacts:

Edelman Smithfield

Ged Brumby 07540-412301

Hamza Ali 07976 308914

 

Sponsor, Broker and Placing Agent

Numis Securities 020 7260 1000

Tod Davis

David Benda

Vicki Paine

 

NOTES

The objective of Aquila European Renewables plc is to provide investors with
an attractive long-term, income-based return in EUR through a diversified
portfolio of wind, solar PV and hydropower investments across continental
Europe and Ireland. Through the diversification of generation technologies,
the seasonal production patterns of these asset types complement each other to
balance the cash flow, while the geographic diversification serves to reduce
exposure to one single energy market. In addition, a balance is maintained
between government supported revenues, fixed price power purchase agreements
("PPAs") and market power price risk.

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

LEI Number: 213800UKH1TZIC9ZRP41

 

END

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