REG - Atrato Onsite Energy - Dividend Declaration

Atrato Onsite EnergyAnnouncement

29/01/2024 07:00

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RNS Number : 1323B  Atrato Onsite Energy PLC  29 January 2024

29 January 2024

 

Atrato Onsite Energy plc
(the "Company")

 

Dividend declaration

 

The Board of Atrato Onsite Energy plc (LSE: ROOF), the investment company
focusing on clean energy generation, is pleased to declare the Company's first
interim dividend of 1.37 pence per ordinary share in respect of the period
from 1 October 2023 to 31 December 2023 (the "First Quarterly Dividend"), as
scheduled below:

 

Ex-dividend date             8 February 2024

Record date                       9 February 2024

Payment date                   1 March 2024

 

A portion of the Company's First Quarterly Dividend is designated as an
interest distribution for UK tax purposes. The interest streaming percentage
for the First Quarterly Dividend is 50%.

 

The Company is targeting an annualised dividend of 5.5 pence per ordinary
share for FY24, representing a 10% increase on the prior year. The Company's
12-month forward-looking dividend cover is expected to be in excess of
1.3x((1)(2))

 

 

ENQUIRIES

 

 Atrato Partners                   +44 (0)77 959 75560

 Gurpreet Gujral

 Christopher Fearon

 Stifel Nicolaus Europe Limited    +44 (0)20 7710 7600

 Mark Young

 Rajpal Padam

 Madison Kominski

 Kaso Legg Communications Limited  atrato@kl-communications.com

 Charles Gorman                    +44 (0)20 3995 6673

 Charlotte Francis

 

Notes to Editors

Atrato Onsite Energy plc (LSE: ROOF) is an investment company specialising in
clean energy generation with 100% carbon traceability. The Company focuses on
UK solar, helping its clients achieve net zero and reduce their energy bills.

 

The Company aims to provide investors with attractive capital growth and long
dated, index-linked income, targeting a 5% dividend yield and a NAV total
return of 8 - 10%((2)). Its shares were admitted to trading on the premium
segment of the Main Market of the London Stock Exchange on 23 November 2021.
Atrato Partners Limited is the Company's Investment Adviser.

 

Further information is available on the Company's website,
www.atratorenewables.com.

 

The Company's LEI is 213800IE1PPREDIIZB62

 

(1) Once portfolio is fully operational

(2) There is no certainty that these targets will be achieved.

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