REG - Ecofin US Renewables - Directorate Change

Ecofin US Renewables Infrastructure TrustAnnouncement

08/01/2025 07:00

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RNS Number : 4711S  Ecofin US Renewables Infrastr.Trust  08 January 2025

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ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC (the "Company")

8 January 2025

The Board of the Company announces that Patrick O'Donnell Bourke, who has been
with the Company since its IPO in 2020, will step down as Chair and as a
director following the Company's General Meeting on 14 January 2025. His
replacement as Chair will be Brett Miller who joined the Board in July 2024.
The Board will comprise three directors (including the Chair) to reflect the
small size of the Company.

Patrick O'Donnell Bourke said: "We have entered into a conditional agreement
for the sale of a substantial proportion of the Company's assets under a
proposed managed wind down and I feel this is the right time to be moving on.
I will be available to assist Brett in any transition required and I wish him,
my other Board colleagues and all our advisers every success for the future as
they work to return value to the Company's shareholders".

Brett Miller said: "On behalf of the rest of the Board, I would like to thank
Patrick for the significant contribution that he has made to the Company
during his time on the Board since IPO."

The Board also wishes to announce that should the Managed Wind-Down be
approved by shareholders it will not enter into an agreement to sell any of
the remaining assets (beyond the DG Portfolio) at a significant discount to
their current carrying values as included in the Company's balance sheet as at
30 June 2024, without prior consultation with major shareholders.

Terms used in this announcement shall have the same meaning as set out in the
Circular to shareholders dated 23 December 2024.

For further information, please contact:

 

 Ecofin U.S. Renewables Infrastructure Trust plc (via the Company Secretary)

 Brett Miller

 Ecofin Advisors, LLC (Investment Manager)                                    +1 913 981 1020

 Edward Russell

 Stifel (Corporate Broker)                                                    +44 20 7710 7600

 Edward Gibson-Watt

 Madison Kominski
 Apex Listed Companies Services (UK) Limited (Company                         +44 20 4582 6470
 Secretary)

 Jenny Thompson

 Edmar Mabal

Further information on the Company can be found on its website at
https://rnewfund.com/ (https://rnewfund.com/)

 

The Company's LEI is 2138004JUQUL9VKQWD21.

 

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