REG - Octopus Renewables - Reduction in Investment Management Fees

Octopus Renewables Infrastructure TrustAnnouncement

28/08/2025 07:00

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RNS Number : 9521W  Octopus Renewables Infra Trust PLC  28 August 2025

28 August 2025

 

LEI: 213800B81BFJKWM2JV13

 

Octopus Renewables Infrastructure Trust plc

 

("ORIT" or the "Company")

 

Revised AIFM Agreement & Reduction in Investment Management Fees

 

Octopus Renewables Infrastructure Trust plc, the diversified renewables
infrastructure company, today announces that the Board and Octopus Energy AIF
Management Limited(1) (the "AIFM") have entered into a revised AIFM agreement
resulting in a reduced investment management fee.

 

Under the Company's previous AIFM agreement, the AIFM was entitled to a
management fee of 0.95% per annum of the net asset value of the Company
("NAV") up to £500 million and 0.85% per annum of NAV in excess of £500
million, payable quarterly in arrears.

 

Effective 1 November 2025, the Company and the AIFM have agreed that these
percentage rates, rather than being applied to NAV on a standalone basis, will
be applied to an equal weighting of (i) the average of the closing daily
market capitalisation during each quarter and (ii) the published NAV for that
quarter.

 

The fee calculation will be capped such that it is the lower of the new fee
arrangement and a calculation based solely on NAV, as per the previous AIFM
agreement.

 

By way of illustration, based on the average closing share price over Q2 2025
and NAV per share as at 30 June 2025 (70.2 pence and 99.46 pence
respectively), on an annualised basis this change would result in a fee
reduction of approximately £0.7 million compared to the previous AIFM
agreement.

 

The revised AIFM agreement maintains the existing 12-month termination notice
period. In the event of termination, the AIFM will remain entitled, for the
full duration of the notice period, to receive a fee calculated solely on the
basis of NAV. This notice period provision remains unchanged.

 

Phil Austin, Chair of Octopus Renewables Infrastructure Trust plc, commented:

 

"The Board remains resolutely focused on acting in the best interests of
ORIT's shareholders and we are pleased to have agreed the revised fee
arrangement with the investment manager. This reflects our recognition of the
broader challenges facing listed renewables infrastructure companies alongside
our commitment to improving cost efficiency and enhancing shareholder value.

"We believe this step better aligns the investment manager's interests with
those of shareholders, with a clear focus on enhancing the Company's share
price performance. We look forward to updating shareholders on our interim
results, alongside operations and strategic direction, at our capital markets
event on Tuesday 23 September."

Notes:

(1)  The Company has appointed Octopus Energy AIF Management Limited as its
alternative investment fund manager which has delegated portfolio management
services to Octopus Renewables Limited (trading name - Octopus Energy
Generation) as Investment Manager. The AIFM is responsible for the payment of
the Investment Manager's fees.

 

 

 

 

For further information please contact:

 

 Octopus Energy Generation (Investment Manager)                   Via Burson Buchanan or

 Chris Gaydon, David Bird                                         orit@octopusenergygeneration.com (mailto:orit@octopusenergygeneration.com)

 Charlotte Edgar (Investor Relations)

 Peel Hunt (Broker)                                               020 7418 8900

 Liz Yong, Luke Simpson, Huw Jeremy (Investment Banking)

 Alex Howe, Chris Bunstead, Ed Welsby, Richard Harris (Sales)

 Burson Buchanan (Financial PR)                                     020 7466 5000

 Charles Ryland, Nick Croysdill, Jude Stokes

 Apex Listed Companies Services (UK) Limited (Company Secretary)   020 3327 9720

 

 

Notes to editors

 

About Octopus Renewables Infrastructure Trust

 

Octopus Renewables Infrastructure Trust ("ORIT") is a closed-ended investment
company incorporated in England and Wales admitted to the closed-ended
investment funds category of the official list and to trading on the London
Stock Exchange plc's main market for listed securities, focused on providing
investors with an attractive and sustainable level of income returns, with an
element of capital growth, by investing in a diversified portfolio of
renewable energy assets in Europe and Australia. As an impact fund, ORIT is
helping accelerate the transition to net zero by investing in green energy,
whilst also contributing to a broader set of UN Sustainable Development Goals
through its impact initiatives. ORIT's investment manager is Octopus Energy
Generation.

 

Further details can be found at www.octopusrenewablesinfrastructure.com
(http://www.octopusrenewablesinfrastructure.com/) .

 

About Octopus Energy Generation

 

Octopus Energy Generation is driving the renewable energy agenda by building
green power for the future. Its specialist renewable energy fund management
team invests in renewable energy assets and broader projects helping the
energy transition, across operational, construction and development stages.
The team was set up in 2010 based on the belief that investors can play a
vital role in accelerating the shift to a future powered by renewable energy.
It has a 14-year track record with approximately £6.8 billion of assets under
management (AUM) (as at 30 June 2025) across 21 countries and with a total 4.9
GW of capacity managed. Octopus Energy Generation is the trading name of
Octopus Renewables Limited. Further details can be found
at www.octopusenergygeneration.com (http://www.octopusenergygeneration.com/)
.

 

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