REG - EcofinGlobal U&I Tst - AGM statement

Ecofin Global Utilities and Infrastructure TrustAnnouncement

05/03/2025 13:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250305:nRSE4998Za&default-theme=true

RNS Number : 4998Z  Ecofin Global Utilities Inf Tst PLC  05 March 2025

Ecofin Global Utilities and Infrastructure Trust plc

 

("EGL" or the "Company")

 

 

AGM statement

 

 

EGL, the essential utilities and infrastructure asset investment trust, will
hold its Annual General Meeting, ("AGM") at 3:00 pm today in the Clermont
Hotel, 101 Buckingham Palace Road, London, SW1W 0SJ.

 

At the AGM the Chairman, David Simpson, will say:

 

"I am pleased to report that EGL delivered a robust performance last year and
benefits from a variety of exciting opportunities in the future.

 

"Our net asset value total return per share increased by 25.9% in the year to
30 September 2024 and our share price total return increased by 24.8%,
outperforming the nearest benchmark indices to our investment universe. The
portfolio benefited from strategic exposures in regulated utilities and
infrastructure assets, sectors that continue to demonstrate resilient earnings
and strong growth potential.

 

"Notably, our stock selections in the US energy market performed exceptionally
well, supported by demand for infrastructure linked to the energy transition
and the demands created by decarbonisation. We believe that this performance
underscores the effectiveness of our long-term strategy, which balances
capital preservation with exposure to high-quality growth opportunities.

 

"Your board is very aware of the pressures on the investment trust sector as a
whole and on our obligations to be proactive and responsive to shareholders'
needs.

 

"We have continued to devote considerable effort to addressing the discount to
NAV and further improving shareholder outcomes:

·      We bought back over 5.8 million shares during the year and a
further xx shares since the year end.

·      Our Investment Manager became RWC Asset Management (Redwheel) on
1 October 2024:

·      Our portfolio investment team is unchanged; and

·      Redwheel brings significant expertise, resources and depth.

·      We are streamlining our administrative and shareholder
communication arrangements transitioning to Frostrow for AIFM and a package of
other services and appointing specialist communications advisers

·      Our investment management fee was reduced on 1 October 2024.

·      We have increased our dividends above the rate of inflation.

 

"We are now taking more steps to strengthen our engagement with shareholders.
We have invited questions ahead of the AGM, enabling us to address
shareholders' enquiries more comprehensively. Additionally, we have
established a presence on LinkedIn, providing a platform for current and
prospective shareholders to engage with us and stay updated on the Investment
Manager's latest insights.

 

"In the coming months we will further enhance the quality of our investor
communications and disclosure, ensuring clearer communication around EGL's
focus, strategy and performance. We are confident that these efforts will
deepen our relationship with shareholders and reinforce our position as an
essential component of a diversified, long-term investment portfolio."

 

The portfolio management team, led by Jean-Hugues de Lamaze, will provide an
update to shareholders on EGL and its performance. The presentation will be
made available on the Company's website, together with a companion video
following the conclusion of the AGM. No new material information will be
disclosed in this presentation.

 

The Company's investor relations pages can be viewed at:
www.redwheel.com/uk/en/individual/ecofin-global-utilities-and-infrastructure-trust-plc/
(http://www.redwheel.com/uk/en/individual/ecofin-global-utilities-and-infrastructure-trust-plc/)

 

 

- Ends -

 

For more information

 

 EGL

 c/o Montfort Communications

 Montfort Communications                         ecofin@montfort.london

 Gay Collins

 Olly Scott

 Charlotte Merlin-Jones

 Michael Schutzer-Weissmann

 RWC Asset Management LLP (Redwheel)             +44 (0)20 7227 6000

 Investment Manager

 Apex Fund Administration Services (UK) Limited  +44 (0)12 4539 8317

 Company Secretary

 

 

About Ecofin Global Utilities and Infrastructure Trust plc

Ecofin Global Utilities and Infrastructure Trust plc, (LSE: EGL) invests in
essential utilities and infrastructure assets that underpin modern economies
and enable them to grow. It aims to achieve a high, secure dividend yield on
its investments and realise long term growth in the value of the portfolio
while taking care to preserve capital through difficult market phases.

 

EGL is managed by Redwheel's Ecofin team, which is led by Jean-Hugues de
Lamaze and has a combined 100+ years of directly relevant global sector
experience, focusing on opportunities in listed utilities, environmental
services, transport and adjacent infrastructure sub-sectors.

 

An experienced, independent Board oversees the Company, protecting
shareholders' interests, providing best practice governance and ensuring
accountability.

 

LEI: 2138005JQTYKU92QOF30

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGMSSUFDIEISESD