REG - Ecofin US Renewables - B Share scheme return of capital

Ecofin US Renewables Infrastructure TrustAnnouncement

12/05/2026 07:00

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RNS Number : 8732D  Ecofin US Renewables Infrastr.Trust  12 May 2026

LEI: 2138004JUQUL9VKQWD21

12 May 2026

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

B Share scheme return of capital

B Share Return

The Board is pleased to confirm that following recent asset disposals, it has
resolved to return approximately $10 million in aggregate to Shareholders via
an issue of B Shares (the "B Share Return").

Pursuant to the B Share Return, B Shares of $1 each ("B Shares") will be
allotted and issued to shareholders pro rata to their holdings of Ordinary
Shares as at the record date for the issue of the B Shares. The Company will
not allot or issue any fractions of B Shares and entitlements of each
Shareholder will be rounded down to the nearest whole B Share.

The B Shares have only very limited rights. The rights and restrictions
attached to the B Shares are fully set out in Part 3 of the Company's circular
which was issued on 26 February 2026. Shareholders can find full details on
the Company's website at https://rnewfund.com/ .

B Shares will be paid up from the Company's distributable reserves, and issued
to all Shareholders by way of a bonus issue on the basis of one B Share for
every 13.8078496  Ordinary Shares held at the Record Date of 6.00 p.m. on 14
May 2026. The ex date is 13 May 2026.

The B Shares will be issued on 15 May 2026 and immediately redeemed at $1 per
B Share. The redemption date in respect of this B Share Return is therefore 15
May 2026.

The proceeds from the redemption of the B Shares will be paid in Sterling and
rounded up to the nearest penny based on the Bank of England spot exchange
rate between US Dollars and Sterling as at the redemption date. The proceeds
from the redemption would be equivalent to approximately 5.32 pence per
Ordinary Share as at 8 May 2026 (assuming 10 million B Shares are issued).

Proceeds will be sent to uncertificated Shareholders through CREST or via
cheque to certificated Shareholders.

No share certificates will be issued for any B Shares allotted and no CREST
accounts will be credited with any such shares. No application will be made
for the B Shares to be admitted to trading on the Specialist Fund Segment of
the London Stock Exchange's main market for listed securities and the B Shares
will not be listed or admitted to trading on any other recognised investment
exchange.

The B Share Return will not be dilutive of any Shareholders' interest in the
Company (all existing Ordinary Shares will remain in issue), but will reduce
the Company's net assets by the amount returned.

Timetable for the B Share Return

It is expected that the timetable will be as follows:

 

 Ex Date in respect of the B Share Return                                  13 May 2026
 Record Date in respect of the B Share Return                              6.00 p.m. on 14 May 2026
 Issue and allotment of B Share in respect of the B Share Return           15 May 2026
 Redemption Date in respect of the B Share Return                          15 May 2026
 Payment date: (i) cheques posted to Shareholders; and (ii) CREST holders  By 22 May 2026
 credited with funds, in each case in respect of the B Share Return

 

 Enquires:

 Brett Miller

 Ecofin U.S. Renewables Infrastructure Trust
 PLC

 via the Company Secretary

 Apex Listed Companies Services (UK)
 Limited
 +44 20 3327 9720

 (Company Secretary)

 Note: The content of the Company's web-pages and the content of any website or
 pages which may be accessed through hyperlinks on the Company's web-pages is
 neither incorporated into nor forms part of the above announcement.

 

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