REG - Greencoat Renewables - Commencement of Share Buyback Programme

Greencoat RenewablesAnnouncement

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RNS Number : 4002V  Greencoat Renewables PLC  05 March 2026

 

Greencoat Renewables Plc

Commencement of Share Buyback Programme

Dublin, London, Johannesburg | 5 March 2026: Greencoat Renewables PLC
("Greencoat Renewables" or the "Company") announces that it will commence an
initial tranche of its share buyback programme today, to repurchase ordinary
shares of the Company (the "Shares") up to a maximum aggregate consideration
of €25 million (the "Programme").

 

The initial €25m share buyback is being carried out as part of the Company's
updated capital allocation strategy, announced today, 5 March 2026. The
Company intends to repurchase €100m of the Company's Shares over the next 12
months, with the potential to further increase the Programme in the future,
subject to market conditions if a significant discount to NAV persists.

Details of the Programme

The Company has entered into an agreement with J&E Davy ("Davy") and RBC
Europe Limited ("RBC") to act as principals to conduct the Programme and to
purchase Shares on Euronext Dublin for subsequent repurchase by the Company
for a maximum aggregate consideration of up to €25 million and to make
trading decisions under the Programme in accordance with certain pre-set
parameters. Under the terms of the agreement, Davy and RBC will make
purchases of the Shares under the Programme independently of, and uninfluenced
by, the Company.

The Programme will commence on 5 March 2026, and end no later than 30
September 2026, subject to market conditions. The purpose of the Programme is
to reduce the share capital of the Company in line with this announcement.
Under the terms of the Programme, the Shares will be repurchased on Euronext
Dublin and will subsequently be cancelled.

The Programme will be conducted in accordance with:

(i) the Company's general authority to repurchase shares (which authorises the
repurchase of a maximum of 166,918,897 shares, being 14.99% of the issued
share capital of the Company), as approved by shareholders at the Company's
AGM held on 15 May 2025; and

(ii) the Market Abuse Regulation (EU) No 596/2014 and the Commission Delegated
Regulation (EU) No 2016/1052 (including as each of them forms part of retained
EU law in the United Kingdom ("UK") from time to time, including, where
relevant, pursuant to the UK's European Union (Withdrawal) Act 2018 and
Market Abuse (Amendment) (EU Exit) Regulations 2019) as well as the applicable
laws and regulations of the UK Financial Conduct Authority and the Central
Bank of Ireland.

There is no guarantee that the Programme will be implemented in full or that
any Shares will be bought back by the Company.

-ENDS-

The Company has listings on the Alternative Investment Market of the LSE and
the Euronext Growth Market of Euronext Dublin and a secondary listing on the
Alternative Exchange of the JSE.

For further details contact:

 Schroders Greencoat LLP (Investment Manager)
 Bertrand Gautier                                          +44 20 7832 9400

 Paul O' Donnell

 Tom Rayner

 FTI Consulting (Investor Relations & Media)
 Melanie Farrell                                           +353 1 765 0883
 Aoife Mullen                                              greencoat@fticonsulting.com (mailto:greencoat@fticonsulting.com)

 

About Greencoat Renewables PLC

Greencoat Renewables PLC is an investor in euro-denominated renewable energy
infrastructure assets. Initially focused solely on the acquisition and
management of operating wind farms in Ireland, the Company also invests in
wind and solar assets in certain other European countries with stable and
robust renewable energy frameworks. It is managed by Schroders Greencoat LLP,
an experienced investment manager in the listed renewable energy
infrastructure sector.

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