Greencoat UK Wind - Investment management team succession

Greencoat UK Wind

07/12/2023 07:00

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RNS Number : 9551V  Greencoat UK Wind PLC  07 December 2023

7 December 2023

 

This announcement contains inside information.

 

 

Greencoat UK Wind PLC

 

Investment management team succession

 

Greencoat UK Wind PLC (the "Company" or "UKW"), the leading listed renewable
infrastructure fund, invested in UK wind farms, announces that Laurence
Fumagalli has informed the UKW board of his intention to step down from his
role as co-head of the Schroders Greencoat LLP ("Schroders Greencoat")
investment management team managing UKW on 1(st) March 2024. Laurence will
remain part of the senior management team of Schroders Greencoat.

 

The board is pleased to announce that Matt Ridley, Partner, Schroders
Greencoat, will succeed Laurence to co-head the investment management team to
manage UKW alongside Stephen Lilley from 1(st) March 2024.

 

Matt is currently Head of Private Markets at Schroders Greencoat. In this
role, he has delivered private markets capital for co-investment alongside UKW
and has contributed to strategy, valuation, investment and other UKW board
matters during his tenure at Schroders Greencoat. He has 16 years' renewable
energy investment management experience, spanning the development,
construction and operational phases across a range of technologies, and prior
to joining Schroders Greencoat in 2021 he was Head of Equity Infrastructure at
Temporis Capital. Earlier in his career Matt qualified and practiced as a tax
lawyer and he holds a BSc in Mathematics from the University of Exeter.

 

Lucinda Riches, Chairman of Greencoat UK Wind, said: "On behalf of the board,
I want to thank Laurence for his contribution to Greencoat UK Wind. Laurence,
alongside Stephen, launched UKW in 2013 as the first listed renewable
infrastructure fund. Since listing, Greencoat UK Wind has established a strong
track record of delivering significant shareholder value, with a TSR of over
150%, whilst enabling the continued build out of renewable energy across the
UK.

 

"As a board we have worked closely with Matt over the last 2 years and are
delighted that he is joining as co-head of the investment management team
alongside Stephen. Matt brings a broad range of experience and technical
capabilities to this role, and we look forward to working with him even more
closely."

 

For further information, please contact:

 

Greencoat UK Wind PLC               020 7832 9425

Stephen Lilley

Laurence Fumagalli

 

Headland Consultancy                     020 3805 4822

Stephen Malthouse

Rob Walker

Charlie Twigg

ukwind@headlandconsultancy.com (mailto:ukwind@headlandconsultancy.com)

 

Notes to Editors:

 

Greencoat UK Wind PLC is the leading listed renewable infrastructure fund,
invested in 48 operating UK wind farms with net generating capacity of
1,973MW. The Company's aim is to provide investors with an annual dividend hat
increases in line with RPI inflation (10p for 2023) while preserving the
capital value of its investment portfolio in the long term on a real basis
through reinvestment of excess cash flow.

 

UKW provides investors with the opportunity to participate directly in the
ownership of UK wind farms, so increasing the resources and capital dedicated
to the deployment of renewable energy and the reduction of greenhouse gas
emissions.

 

UKW is managed by an experienced team at Schroders Greencoat LLP, a leading
European renewable investment manager with over £10 billion of assets under
management. UKW is governed by a strong and experienced independent board.

 

UKW is incorporated in England and Wales and is a UK Investment Trust.

 

For more information about UKW, please visit http://www.greencoat-ukwind.com
(http://www.greencoat-ukwind.com)

 

For more information about Schroders Greencoat LLP, please
visit http://www.schrodersgreencoat.com
(https://protect.mimecast-offshore.com/s/ez97CE9pRkCg0ZxWIwDDJh?domain=schrodersgreencoat.com)

 

 

 

 

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