REG - Triple Point Energy - Purchase of Management Shares

Triple Point Energy TransitionAnnouncement

11/04/2024 09:30

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RNS Number : 2661K  Triple Point Energy Transition PLC  11 April 2024

11 April 2024

 

Triple Point Energy Transition plc

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

 

 Purchase of Ordinary Shares under the Investment Management Agreement

 

Triple Point Energy Transition (ticker: TENT) announces that, in fulfilling
its outstanding obligations under the terms of the original Investment
Management Agreement, Triple Point Investment Management LLP ("Triple Point"
or the "Investment Manager"), has purchased 65,017 ordinary shares of £0.01
each in the capital of the Company ("Ordinary Shares") at an average price of
66 pence per share on 9 April 2024. Under that agreement, the Investment
Manager shall procure 20 per cent. of the investment management fee by
subscribing for or acquiring Ordinary Shares in the capital of the Company
("Management Shares"). This purchase of Management Shares was made by
Perihelion One Limited ("Perihelion"), a company in the Triple Point Group.

 

The Triple Point Group now holds a total of 1,361,187 Ordinary Shares in the
Company, representing approximately 1.36% of the total issued share capital.

 

  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 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

 

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 was established to invest in assets
that support the transition to a lower carbon, more efficient energy system
and help the UK achieve Net Zero.

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.

On 22 March 2024, shareholders approved the Company's proposed orderly
realisation of assets. Details of future divestments or returns of capital
are expected to be announced via a Regulatory Information Service in due
course.

 

 

 

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