REG - Ecofin US Renewables - Purchase of Management Fee Shares

Ecofin US Renewables Infrastructure TrustAnnouncement

11/05/2023 07:00

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RNS Number : 9991Y  Ecofin US Renewables Infrastr.Trust  11 May 2023

11 May 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 10 May 2023 the Investment Manager purchased 60,879 Ordinary
Shares in the market (the "Management Fee Shares") at an average price of
$0.79 per Management Fee Share, representing the management fee due for the
three-month period ended 31 March 2023.

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 2022.

Combined with previous Management Fee Share purchases and issuances, the
Investment Manager and the relevant associates hold a total of 407,766
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

 Edward Gibson-Watt

 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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