REG - Greencoat Renewables - Reduction of Capital

Greencoat RenewablesAnnouncement

03/07/2023 07:00

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RNS Number : 6081E  Greencoat Renewables PLC  03 July 2023

 

 

Reduction of Capital

 

Dublin, London, 3 July 2023: Greencoat Renewables PLC ("Greencoat Renewables"
or the "Company") today announces that the capital reduction, as described in
the Company's AGM circular that was sent to shareholders on 29 March 2023, has
become effective.

 

The High Court of Ireland has made an order confirming a capital reduction of
the Company's share premium account at 31 December 2022 (the "Capital
Reduction"). The Capital Reduction was approved by shareholders at the annual
general meeting held on 28 April 2023. The order of the High Court was
registered with the Registrar of Companies in Ireland on 28 June 2023 and,
accordingly, the Capital Reduction has now become effective. The reserve
resulting from the cancellation of share premium will be treated as profits
available for distribution by the Company.

 

Following the Capital Reduction, the total voting rights outstanding in the
Company remain unchanged.

 

 

--- ENDS ---

 

            For further information on the Announcement, please
contact:

 

            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
 Orla Cox                                                                 greencoat@fticonsulting.com
                                                                          +353 1 679 6363

 Davy (Joint Broker, NOMAD and Euronext Growth Listing Sponsor)

 Ronan Veale

 Brian Garrahy
                                                                          +44 20 7653 4000

 RBC Capital Markets (Joint Broker)

 Matthew Coakes

 Elizabeth Evans

 

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 is now also investing 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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