REG - Triple Point Energy - Admission to Trading on the Premium Segment

Triple Point Energy TransitionAnnouncement

28/10/2022 08:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221028:nRSb4785Ea&default-theme=true

RNS Number : 4785E  Triple Point Energy Transition PLC  28 October 2022

NEITHER THIS ANNOUNCEMENT NOR ANYTHING HEREIN FORMS THE BASIS FOR ANY OFFER TO
PURCHASE OR SUBSCRIBE FOR ANY SHARES OR OTHER SECURITIES IN TRIPLE POINT
ENERGY TRANSITION  PLC NOR SHALL IT FORM THE BASIS FOR ANY CONTRACT OR
COMMITMENT WHATSOEVER.

 

28 October 2022

Triple Point Energy Transition plc

("TENT" or the "Company")

Migration to Trading on the Premium Segment of the Main Market of the London
Stock Exchange and Admission to the Premium Listing Segment of the Official
List of the FCA

Further to its announcement on 24 October 2022, the Board of Triple Point
Energy Transition plc is pleased to announce that the Ordinary Shares of the
Company have been admitted to the premium listing segment of the Official List
of the Financial Conduct Authority and have been admitted to trading on the
Premium Segment of the Main Market of London Stock Exchange plc, with effect
from 8.00am this morning.

Dr John Roberts CBE, Chair of Triple Point Energy Transition plc, commented:

"The Board is delighted that the Company's shares have been admitted to the
Official List and to trading on the Premium Segment of the London Stock
Exchange. We believe the move will raise TENT's profile as an investment
company and help provide access to the Company's shares from a broader group
of investors. In addition, admission to the Premium Listing Segment is a key
criteria to facilitate the Company's inclusion in the FTSE indices. We
anticipate that the combination of these factors should help to increase the
diversity of the shareholder base and improve liquidity, to the benefit of
shareholders."

   FOR FURTHER INFORMATION

      Triple Point Investment Management LLP                            +44 (0) 20 7201 8989

      Jonathan Hick / Ben Beaton

      J.P. Morgan Cazenove                                              +44 (0) 20 7742 4000

      William Simmonds / Jérémie Birnbaum (Corporate Finance)

      James Bouverat / Liam MacDonald-Raggett (Sales)
      Akur Capital                                                      +44 (0) 20 7493 3631

      Tom Frost / Anthony Richardson / Siobhan Sergeant

LEI: 213800UDP142E67X9X28

 

NOTES TO EDITORS:

 

The Company is an investment trust which aims to have a positive environmental
impact by investing in assets that support the transition to a lower carbon,
more efficient energy system and help the UK achieve Net Zero.

 

Since its IPO in October 2020, the Company has made the following investments
and commitments:

·    Harvest and Glasshouse: provision of £21m of senior debt finance to
two established combined heat and power ("CHP") assets, located on the Isle of
Wight,  supplying heat, electricity and carbon dioxide to the UK's largest
tomato grower, APS Salads ("APS") - March 2021

·    Spark Steam: provision of £8m of senior debt finance to an
established CHP asset in Teeside supplying APS, as well as a further power
purchase agreement through a private wire arrangement with another food
manufacturer - June 2021

·    Hydroelectric Portfolio (1): acquisition of six operational, Feed in
Tariff ("FiT") accredited, "run of the river" hydroelectric power projects in
Scotland, with total installed capacity of 4.1MW, for an aggregate
consideration of £26.6m (excluding costs) - November 2021

·    Hydroelectric Portfolio (2): acquisition of a further three
operational, FiT accredited, "run of the river" hydroelectric power projects
in Scotland, with total installed capacity of 2.5MW, for an aggregate
consideration of £19.6m (excluding costs) - December 2021

·    BESS Portfolio: provision of a debt facility of £45.6m to a
subsidiary of Virmati Energy Ltd (trading as "Field"), for the purposes of
building a portfolio of four geographically diverse Battery Energy Storage
System ("BESS") assets in the UK with a total capacity of 110MW - March 2022

·    Energy Efficient Lighting: Commitment to fund £1m to a lighting
solutions provider to install efficient lighting and controls at a leading
logistics company - June 2022

The Investment Manager is Triple Point Investment Management LLP ("Triple
Point") which is authorised and regulated by the Financial Conduct Authority.
Triple Point manages private, institutional, and public capital.

The Company was admitted to trading on the Specialist Fund Segment of the Main
Market of the London Stock Exchange on 19 October 2020 and was awarded the
London Stock Exchange's Green Economy Mark. It was admitted to the premium
listing segment of the Official List of the Financial Conduct Authority and
migrated to trading on the premium segment of the Main Market on 28 October
2022.

For more information, please visit http://www.tpenergytransition.com/
(http://www.tpenergytransition.com/)

 

IMPORTANT INFORMATION

Each of Akur Limited ("Akur")  (which is regulated in the  UK  by the
FCA) and J.P. Morgan Securities plc (which conducts its UK investment banking
activities as "J.P. Morgan Cazenove") (which is authorised by the Prudential
Regulation Authority (the "PRA) and regulated in the  UK  by the FCA and
the PRA), is acting exclusively for the Company and for no‐one else in
connection with the Migration and other matters described in this announcement
and will not regard any other person as its client in relation thereto and
will not be responsible to anyone for providing the protections afforded to
its clients or providing any advice in relation to the matters described
herein. Neither Akur nor J.P. Morgan Cazenove, nor any of their respective
directors, officers, employees, advisers or agents accepts any responsibility
or liability whatsoever for this announcement, its contents or otherwise in
connection with it or any other information relating to the Company, whether
written, oral or in a visual or electronic format.

 

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  LISFEISWAEESEFS