REG - Renew Infra Grp Ld - Issue of Equity

Renewables InfrastructureAnnouncement

Today 12:15

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RNS Number : 3645Z  Renewables Infrastructure Grp (The)  15 September 2025

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED
STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.

 

 

 

The Renewables Infrastructure Group Limited

 

Issue of Ordinary Shares under the Management Agreements and Total Voting
Rights

 

Issue of Ordinary Shares under the Management Agreements

 

The Board of The Renewables Infrastructure Group Limited (the "Company")
announces that, in accordance with the terms of the previous management fee
arrangement applicable to 31 March 2025 with InfraRed Capital Partners Limited
(the "Investment Manager") and Renewable Energy Systems Limited (the
"Operations Manager") under which a proportion of the management fee is
payable in new ordinary shares of no par value in the capital of the Company
("Ordinary Shares"), it has today issued in aggregate 463,868 Ordinary Shares
(the "Management Ordinary Shares"), with allotment to take place on 30
September 2025 out of the Treasury shares held by the Company.

 

The issue price per Management Ordinary Share is 106.3125p, which is the 30
June 2025 NAV of 108.2p less the 1.8875p dividend paid for the period.

 

Pursuant to the terms of (a) the Investment Management Agreement between,
inter alia, the Company and the Investment Manager dated 5 July 2013 (the
"Investment Management Agreement") and (b) the Operations Manager dated 5 July
2013 (the "Operations Management Agreement"), 301,514 and 162,354 new Ordinary
shares have been allotted to the Investment Manager and the Operations Manager
respectively. This is for the period from 1 January to 31 March 2025.

 

The Ordinary Shares allotted and issued to the Investment Manager and
Operations Manager set out above are subject to a lock up of one year from
Admission.

 

Earlier in the year, per the announcement by the Company on 26 March 2025, the
Board and Managers agreed a revised fee arrangement which applies from 1 April
2025 whereby fees are charged on an equal weighting of Net Asset Value and
market capitalisation and are payable in cash.

 

Total Voting Rights

 

In light of the Company's ongoing share buyback programme (the terms of which
were announced on 9 August 2024), the total number of Ordinary shares with
voting rights will be announced to the market following the allotment date of
30 September 2025, in accordance with the Financial Conduct Authority's
Disclosure, Guidance and Transparency Rules for use by shareholders to
determine if they are required to notify their interest in, or a change in
their interests in the Company.

 

Enquiries

 

 Aztec Financial Services (Guernsey) Limited                                                                        +44 (0)1481 749700

 Chris Copperwaite

 Laura Dunning

 InfraRed Capital Partners Limited                                                                                  +44 (0) 20 7484 1800

 Minesh Shah

 Phil George

 Brunswick                                                                                                          +44 (0) 20 7404 5959

 Diana Vaughton

 Charles Malissard

 Investec Bank Plc                                                                                                  +44 (0) 20 7597 5661

 Lucy Lewis

 Denis Flanagan

 BNP Paribas                                                                                                        +44 (0) 20 7595 9444

 Virginia Khoo

 Carwyn Evans

 

 

Ends

 

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