REG - Aquila Euro Rnwbls. Aquila Eur R. - AERI - Issue of Equity to Investment Adviser

Aquila European RenewablesAnnouncement

05/11/2020 17:10

RNS Number : 4405E
  
Aquila European Renewables Income
  
05 November 2020
  
 

5 November 2020
Aquila European Renewables Income Fund plc
(the "Company")
 
Issue of Shares in connection with the payment of Investment Adviser fees
 
The Company announces that it has issued today 363,522 ordinary shares ("New Ordinary Shares") to Aquila Capital Investmentgesellschaft mbH, the Company's Investment Adviser, in relation to fees payable for the three-month period ended 30 September 2020. The New Ordinary Shares have been issued pursuant to the Investment Advisory Agreement ("IAA"), details of which were disclosed in the prospectus published by the Company on 17 September 2020.
 
The New Ordinary Shares are being issued at the latest prevailing adjusted Net Asset Value ('NAV')* as at 30 September 2020 of €0.9908 per Ordinary share. 
 
Applications will be made for the New Ordinary Shares to be admitted to the premium segment of the Official List, and to trading on the London Stock Exchange's Main Market for listed securities ("Admission"). It is expected that Admission will become effective and dealings in the New Ordinary Shares will commence at 8am on 10 November 2020. The New Ordinary Shares will rank pari passu with the ordinary shares already in issue.
Following Admission, the Company's issued share capital will consist of 317,037,109 ordinary shares. Therefore, the total number of voting rights of the Company is 317,037,109 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or of a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules. 
*the adjusted NAV is the NAV as at 30 September 2020 of €0.9833 plus the dividend to be paid 0.75 cents.
For further details contact:



Media contacts:


Smithfield Consultants
Ged Brumby | 020 3047 2527
John Kiely | 020 3047 2538
Andrew McLagan | 020 3047 2006
 
 
Sponsor, Broker and Placing Agent
Numis Securities 020 7260 1000
Tod Davis
David Benda
Vicki Paine
 
 
 
 
NOTES
Aquila European Renewables Income Fund ("AERIF" or the "Company") is a recently established, London-listed renewable energy infrastructure investment company with the aim to provide investors with an attractive long-term, income-based return in EUR through a diversified portfolio of hydropower, onshore wind and solar PV investments across continental Europe and Ireland. Through the diversification of generation technologies, the seasonal production patterns of these asset types complete each other to balance the cash flow, while the geographic diversification serves to reduce exposure to one single energy market. AERIF is targeting an aggregate annual yield of 5.0% once fully invested.
Further details can be found on AERIF 's website at www.aquila-european-renewables-income-fund.com 
 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
IOEBRBDBRGGDGGU