REG - Triple Point Energy - Annual Financial Report and Notice of AGM

Triple Point Energy TransitionAnnouncement

26/06/2023 17:15

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RNS Number : 9501D  Triple Point Energy Transition PLC  26 June 2023

26 June 2023

Triple Point Energy Transition plc

(the "Company" or, together with its subsidiaries, the "Group")

ANNUAL FINANCIAL REPORT AND NOTICE OF ANNUAL GENERAL MEETING

 

The Board of Triple Point Energy Transition plc (ticker: TENT), the London
listed infrastructure investment company supporting the energy transition
announces that its Annual General Meeting ("AGM") will be held at 10.00am on
31 August 2023 at the office of Gowling WLG, 4 More London Riverside, London
SE1 2AU.

 

The following documents (as applicable) have been mailed to shareholders or
otherwise made available today:

 

•             Annual Report and Accounts for the year ended 31
March 2023 ("2023 Annual Report");

•           Notice of AGM 2023; and

•             Form of Proxy.

 

The 2023 Annual Report and Notice of AGM 2023 are also available to view and
download on the Company's website at www.tpenergytransition.com
(http://www.tpenergytransition.com/) . Shareholders who require a Form of
Proxy should contact the Company's Registrars at: Computershare Investor
Services PLC, The Pavilions, Bridgwater Road, Bristol BS99 6ZY.

 

In accordance with Listing Rule 9.6.1 copies of the documents have been
submitted to the UK Listing Authority and will shortly be available for
inspection from the National Storage Mechanism at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

For further information, please contact:

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

 Jonathan Hick

 Christophe Arnoult

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

 William Simmonds

 Jérémie Birnbaum

 Akur Limited (Financial Adviser)         +44 (0) 20 7493 3631

 Tom Frost

 Anthony Richardson

 Siobhan Sergeant

 Buchanan (Financial PR)                  +44 (0) 20 7466 5111

 Helen Tarbet

 Henry Wilson

 Hannah Ratcliff

 Verity Parker

+44 (0) 20 7466 5111

LEI: 213800UDP142E67X9X28

 

Further information on the Company can be found on its
website: www.tpenergytransition.com (http://www.tpenergytransition.com/)

 

NOTES:

 

The Company is an investment trust which aims to invest 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 Teesside 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: commitment to provide 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 (1): Funding of c.£1m to a lighting
solutions provider to install efficient lighting and controls at a leading
logistics company - September 2022.

·    Energy Efficient Lighting (2): Commitment of c.£1m to a lighting
solutions provider to install efficient lighting and controls at a leading
logistics company, of which £0.3m invested to date - November 2022.

·    Innova: Provision of a £5m short term development financing
facility to Innova Renewables, building out a portfolio of Solar and BESS
assets across the UK - March 2023

 

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, and has a
proven track record of investment in energy transition and decentralised
energy projects.

 

Following its IPO on 19 October 2020, the Company was admitted to trading on
the Premium Segment of the Main Market of the London Stock Exchange on 28
October 2022. The Company was also awarded the London Stock Exchange's Green
Economy Mark.

 

 

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