REG - Ecofin US Renewables - Purchase of Management Fee Shares

Ecofin US Renewables Infrastructure TrustAnnouncement

02/02/2023 07:00

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RNS Number : 6539O  Ecofin US Renewables Infrastr.Trust  02 February 2023

2 February 2023

ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC

(the "Company")

 

Purchase of Management Fee Shares

The Company announces that, in accordance with the terms of the Investment
Management Agreement (the "IMA") with Ecofin Advisors, LLC (the "Investment
Manager"), on 1 February 2023 the Investment Manager purchased 59,096 Ordinary
Shares in the market (the "Management Fee Shares") at an average price of
$0.835 per Management Fee Share, representing the management fee due for the
three-month period ended 31 December 2022.

Pursuant to the IMA, 15 per cent. of the management fee is payable in the form
of Ordinary Shares, subject to a rolling lock-up of 12 months. The details of
the IMA were disclosed in the Company's Annual Report for the period ended 31
December 2021.

Combined with previous Management Fee Share purchases and issuances, the
Investment Manager and the relevant associates hold a total of 346,887
Management Fee Shares.

 

 

 

For further information, please contact:

 

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

 Edward Russell

 Eileen Fargis

 Jason Benson

 Michael Hart

 Peel Hunt LLP (Joint Corporate Broker)                +44 20 7418 8900

 Liz Yong

 Luke Simpson

 Huw Jeremy

 Stifel (Joint Corporate Broker)                       +44 20 7710 7600

 Mark Bloomfield

 Rajpal Padam

 Madison Kominski

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

 Martin Darragh

 Maria Matheou
 FTI Consulting (Financial PR)                         +44 7976 075797

 Matthew O'Keeffe

 Mitch Barltrop

 Vee Montebello

Further information on the Company can be found on its website
at https://uk.ecofininvest.com/funds/us-renewables-infrastructure-trust-plc/
(https://uk.ecofininvest.com/funds/us-renewables-infrastructure-trust-plc/) .

 

The Company's LEI is 2138004JUQUL9VKQWD21.

 

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