REG - Renew Infra Grp Ld - Publication of a prospectus <Origin Href="QuoteRef">TRIG.L</Origin>

Renewables InfrastructureAnnouncement

01/12/2014 18:00

RNS Number : 5420Y
Renewables Infrastructure Grp (The)
01 December 2014
1 December 2014
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, SOUTH AFRICA, IN ANY MEMBER STATE OF THE EEA (OTHER THAN THE UNITED KINGDOM) OR IN ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL
This announcement is not an offer to sell, or a solicitation of an offer to acquire, securities in the United States or in any other jurisdiction in which the same would be unlawful. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.
The Renewables Infrastructure Group Limited
("TRIG" or the "Company" and together with the holding company subsidiaries, the "Group")
Publication of a prospectus
The board of directors of the Company is pleased to announce that it has today published a prospectus (the "Prospectus") in relation to a Share Issuance Programme of up to 250 million New Ordinary Shares and/or C Shares as described in the circular to shareholders dated 4 November 2014 (the "Circular"). Accordingly the Share Issuance Programme is open for a period of 12 months from today's date, unless terminated earlier by the Company.
A copy of the Prospectus has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.
The Prospectus will also shortly be available on the Company's website at http://www.trig-ltd.com/ where further information on the Company can also be found.
Capitalised terms used but not defined in this announcement will have the same meaning as set out in the Prospectus.
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Enquiries
InfraRed Capital Partners Limited +44 (0) 20 7484 1800
Richard Crawford
Matt Dimond
Tulchan Communications +44 (0) 20 7353 4200
Martha Walsh
Camilla Cunningham
Canaccord Genuity Limited +44 (0) 20 7523 8000
Andrew Zychowski
David Yovichic
Jefferies International Limited +44 (0) 20 7029 8000
Gary Gould
Stuart Klein

NOTES TO EDITORS:
The Company
TRIG is a leading renewable energy infrastructure company delivering long-term, stable dividends from a diversified portfolio of onshore wind and solar photovoltaic projects in the UK and Northern Europe. The Company is seeking to provide investors with long-term, stable dividends, while preserving the capital value of its investment portfolio through re-investment of surplus cash flows after payment of dividends. TRIG is targeting an aggregate dividend of 6.16 pence per Ordinary Share for the period from 1 July 2014 to 30 June 2015 and aims to increase this dividend in line with inflation over the medium term.
TRIG currently owns a portfolio of 29 wholly-owned assets in the UK, France and the Republic of Ireland, including the acquisition announced on Friday 28 November 2014. 11 of the assets are solar PV parks and 18 of the assets are onshore wind farms. The Group is seeking further suitable investment opportunities which fit its stated Investment Policy.
Further details can be found on TRIG's website at www.trig-ltd.com.
Investment Manager
TRIG's Investment Manager is InfraRed Capital Partners Limited ("InfraRed"). InfraRed is an independent investment business, managing a range of infrastructure and real estate funds and investments. It has a strong record of delivering attractive returns for its investors, with total equity under management of more than US$ 7 billion. 
InfraRed currently has staff of over 100 employees and partners, based mainly in offices in London and with smaller offices in Paris, Sydney, Hong Kong and New York. The infrastructure investment team within the InfraRed Group currently consists of over 50 investment professionals, all of whom have an infrastructure investment background and a broad range of relevant skills, including private equity, structured finance, construction, renewable energy and facilities management. 
Since 1998, InfraRed has launched 15 funds including two companies listed on the London Stock Exchange: HICL Infrastructure Company Limited and TRIG. To date, six of these funds have been completely or materially realised.
InfraRed has a long and successful proven track record in sourcing, structuring, acquiring, managing and financing infrastructure equity investments. It has been responsible for over 160 infrastructure equity investments for the InfraRed Group (including predecessor organisations) and its funds to date.
InfraRed is authorised and regulated by the Financial Conduct Authority.
Operations Manager
The Operations Manager of the Group is Renewable Energy Systems Limited ("RES"). RES is one of the world's leading renewable energy developers, with extensive experience in developing, financing, constructing and operating renewable energy infrastructure projects globally across a wide range of low carbon technologies including wind, solar and biomass. 
RES has been at the forefront of wind energy development for over 30 years. Since incorporation, RES has developed and/or constructed more than 140 individual wind farms and PV parks around the world with a combined capacity of over 8,000 MW.
In recognition of extraordinary business success in growing revenues from international markets, RES was awarded its second Queen's Award for Enterprise in 2013, this time for International Trade. Today, projects developed and/or built by RES are contributing to meeting the needs of a rapidly-evolving energy market and, in doing so, are actively contributing to a more sustainable world.
RES's global headcount totals over 1,000 staff based in thirteen countries across five continents.
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This information is provided by RNS
The company news service from the London Stock Exchange
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