Triple Point Energy - Dividend Declaration
25/08/2022 16:30
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RNS Number : 2782X Triple Point Energy Efficiency 25 August 2022
25 August 2022
Triple Point Energy Efficiency Infrastructure Company plc
("TEEC" or the "Company")
DIVIDEND DECLARATION
The Board of Directors of Triple Point Energy Efficiency Infrastructure
Company plc (ticker: TEEC) has declared an interim dividend in respect of the
period from 1 April 2022 to 30 June 2022 of 1.375 pence per Ordinary Share,
payable on or around 30 September 2022 to holders of Ordinary Shares on the
register on 9 September 2022. The ex-dividend date will be 8 September 2022.
A portion of the Company's dividends will be designated as an interest
distribution for UK tax purposes. The interest streaming percentage for the
dividend is 58.1%.
For further information, please contact:
Triple Point Investment Management LLP +44 (0) 20 7201 8989
Jonathan Hick
Ben Beaton
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
LEI: 213800UDP142E67X9X28
Further information on the Company can be found on its website:
www.tpenergyefficiency.com (http://www.tpenergyefficiency.com)
NOTES:
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 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: 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, and has a
proven track record of investment in Energy Efficiency and decentralised
energy projects.
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.
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