REG - Triple Point Energy - Result of AGM

Triple Point Energy TransitionAnnouncement

31/08/2023 14:00

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RNS Number : 9967K  Triple Point Energy Transition PLC  31 August 2023

 

31 August 2023

 

Triple Point Energy Transition plc

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

 

Result of AGM

Change to the Investment Policy

Change of Name

 

Triple Point Energy Transition plc (ticker: TENT), the London Stock
Exchange listed investment company focused on building a portfolio of
diversified infrastructure investments that support the energy transition, is
pleased to announce that at the Company's Annual General Meeting held on 31
August 2023, all resolutions were voted on by way of a poll and were passed by
shareholders.

 

Resolutions 1 to 9 were proposed as ordinary resolutions and resolutions 10
tand 11 were proposed as special resolutions. The results of the poll are set
out below.

 

 Resolution                                                                             Votes For    %      Votes Against  %     Total votes validly cast  Total votes cast as % of issued share capital  Votes Withheld*
 1       To receive and adopt the Annual Report and accounts of the Company for the                  100    1,000          0     53,274,320                53.27                                          4,570
         year ended 31 March 2023

                                                                                        53,273,320
 2       To approve the Directors' Remuneration Report                                  53,253,435   99.97  18,385         0.03  53,271,820

                                                                                                                                                           53.26                                          7,070
 3       To re-elect Dr John Roberts CBE as a Director of the Company                   53,267,928   100    0              0     53,267,928                53.26                                          10,962
 4       To re-elect Rosemary Boot as a Director of the Company                         53,261,757   99.99  6,171          0.01  53,267,928                53.26                                          10,962
 5       To re-elect Sonia McCorquodale as a Director of the Company                    53,261,757   99.99  6,171          0.01  53,267,928                53.26                                          10,962
 6       To re-elect Dr Anthony White MBE as a Director of the Company                  53,267,928   100    0              0     53,267,928                53.26                                          10,962
 7       To re-appoint BDO LLP as Auditors of the Company                               53,261,686   99.98  12,634         0.02  53,274,320                53.27                                          4,570
 8       To authorise the Audit Committee to determine the Auditors' remuneration       53,267,928   99.99  6,392          0.01  53,274,320                53.27                                          4,570
 9       To authorise the Directors to declare and pay all dividends of the Company as  53,274,320   100    0              0     53,274,320                53.27                                          4,570
         interim dividends
 10      To authorise the Company to purchase its own shares                            53,261,686   99.98  12,634         0.02  53,274,320                53.27                                          4,570
 11      To authorise the calling of general meetings, other than an annual general     53,226,276   99.98  8,044          0.02  53,234,320                53.23                                          44,570
         meeting, on not less than 14 clear days' notice

 

*A vote withheld is not a vote in law and is not counted in the calculation of
the votes for or against a resolution.

 

Every shareholder has one vote for every Ordinary Share held. As at 31 August
2023, the issued share capital of the Company consisted of 100,014,079
Ordinary Shares. The Company holds no Ordinary Shares in treasury. Therefore,
the total voting number of voting rights in the Company is 100,014,079
Ordinary Shares.

 

The full text of all the resolutions can be found in the Notice of Annual
General Meeting dated 16 June 2023, a copy of which is available on the
Company's website at Triple Point | Triple Point Energy Transition plc
(tpenergytransition.com) (https://www.tpenergytransition.com/) .

 

In accordance with Listing Rule 9.6.2 copies of all the resolutions passed,
other than ordinary business, will be submitted to the National Storage
Mechanism and will shortly be available for inspection 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 3493 8000

 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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