REG - Renew Infra Grp Ld - Recommencement of TRIG’s share buyback programme

Renewables InfrastructureAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260112:nRSL3908Oa&default-theme=true

RNS Number : 3908O  Renewables Infrastructure Grp (The)  12 January 2026

 

 

12 January 2026

The Renewables Infrastructure Group Limited

"TRIG" or "the Company", a London-listed renewables investment company advised
by InfraRed Capital Partners ("InfraRed") as Investment Manager and Renewable
Energy Systems ("RES") as Operations Manager.

Recommencement of TRIG's share buyback programme

Further to the Company's announcement of 17 November 2025 noting the
suspension of the £150m share buyback programme (the "Programme"), the
Company will recommence the Programme today(1).

This announcement does not constitute, or form part of, an offer or
solicitation of an offer for securities in any jurisdiction.

Details of the Programme

The Programme will recommence today, 12 January 2026. Under the terms of the
Programme, the Company's ordinary shares each of no par value (the "Shares")
will be purchased on the London Stock Exchange and/or other trading venues(2)
for subsequent repurchase by the Company. Repurchased Shares will be held in
Treasury.

The Programme will be executed under the authority granted by shareholders at
the TRIG annual general meeting on 27 June 2025 to acquire up to 362,858,748
Shares, equating to c.14.99% of the issued share capital as at 28 May 2025,
being the last practicable date prior to the publication of the 2025 AGM
notice.

Pursuant to recommencement of the Programme, the Company has entered into a
non-discretionary arrangement with BNP Paribas S.A. and Investec Bank plc,
which will enable the purchase of Shares for the Programme to continue through
closed periods. Any purchase of shares during a closed period pursuant to the
Programme shall be made independently of the Company.

Any purchase of Shares pursuant to the Programme will be announced no later
than 07:30 a.m. on the business day following the calendar day on which the
purchase occurs.

The Programme will be conducted within certain pre-set parameters, including
those prescribed by the Market Abuse Regulation 596/2014 (as it forms part of
domestic law by virtue of section 3 of the European Union (Withdrawal) Act
2018 (as amended)) and Chapter 12 of the UK Listing Rules.

There remains £71.7m available under the Programme. There is no guarantee
that the Programme will be implemented in full or that any Shares will be
bought back by the Company.

(1)A new agreement, which runs until 30 June 2026 and can be extended by the
parties on mutual agreement, for the share buyback has been entered into by
TRIG on 9 January 2026

(2)Other trading venues: CBOE-BXE, CBOE-CXE, Aquis and Turquoise

 

Enquiries

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

Minesh Shah

Phil George

Mohammed Zaheer

 

Brunswick
              +44 (0) 20 7404 5959 / TRIG@brunswickgroup.com

Diana Vaughton

Peter Hesse

 

Investec Bank Plc
         +44 (0) 20 7597 4000

Lucy Lewis

Tom Skinner

 

BNP Paribas
              +44 (0) 20 7595 9444

Virginia Khoo

Carwyn Evans

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCBUGDBCXGDGLC



            Copyright 2019 Regulatory News Service, all rights reserved