REG - Triple Point Energy - Dividend Declaration

Triple Point Energy TransitionAnnouncement

13/03/2024 07:00

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RNS Number : 5900G  Triple Point Energy Transition PLC  13 March 2024

13 March 2024

Triple Point Energy Transition plc

("TENT" or the "Company")

DIVIDEND DECLARATION

 

Triple Point Energy Transition plc (ticker: TENT), has declared an interim
dividend in respect of the period from 1 October 2023 to 31 December 2023 of
1.375 pence per Ordinary Share, payable on or around 5 April 2024 to holders
of Ordinary Shares on the register on 22 March 2024. The ex-dividend date will
be 21 March 2024.

 

A portion of the Company's dividends are designated as an interest
distribution for UK tax purposes. The interest streaming percentage for this
dividend is 77.65%.

 

For further information, please contact:

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

 Jonathan Hick

 Christophe Arnoult

 Chloe Smith

 J.P. Morgan Cazenove (Corporate Broker)  +44 (0) 20 3493 8000

 William Simmonds

 Jérémie Birnbaum

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

 Tom Frost

 Siobhan Sergeant

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

 Helen Tarbet

 Henry Wilson

 Verity Parker

+44 (0) 20 7466 5111

LEI: 213800UDP142E67X9X28

 

Further information on the Company can be found on its
website: http://www.tpenergytransition.com/
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.tpenergytransition.com%2F&data=05%7C01%7CRebecca.Lillington%40triplepoint.co.uk%7C5d7dc58447154d71da6108da8a648af1%7Ccde8812e0dbd4dc3b4463655beb81efb%7C0%7C0%7C637974461674664827%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=Qxux6XDdRNrDI2LBUqkiVrj0UyfH30KOouLRCg%2FPxmY%3D&reserved=0)

 

NOTES:

The Company is an investment trust which is invested in assets that support
the transition to a lower carbon, more efficient energy system and help the UK
achieve Net Zero. On 5 March 2024, the Company published a circular and notice
of general meeting at which shareholders will be able to vote on proposals
which, if approved, will facilitate an orderly realisation of the Group's
assets.

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

·    Harvest and Glasshouse: provision of £21 million 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 £8 million 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 £26.6 million (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 £19.6 million (excluding costs) - December 2021

·    BESS Portfolio: commitment to provide a debt facility of £37 million
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: funding of c.£2.2 million to a lighting
solutions provider to install efficient lighting and controls at a leading
logistics company - March 2023

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

·    Energy Efficient Lighting: funding of c.£2.3 million to refinance
efficient lighting and controls installed at Places for People Homes Limited -
September 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 Efficiency 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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