Triple Point Energy - Issue of Ordinary Shares under IMA
16/12/2021 06:59
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RNS Number : 7934V Triple Point Energy Efficiency 16 December 2021
16 December 2021
Triple Point Energy Efficiency Infrastructure Company plc
("TEEC" or the "Company")
ISSUE OF ORDINARY SHARES UNDER THE INVESTMENT MANAGEMENT AGREEMENT
AND TOTAL VOTING RIGHTS
The Company announces that, in accordance with the terms of the Investment
Management Agreement with Triple Point Investment Management LLP (the
"Investment Manager") pursuant to which 20 per cent. of the investment
management fee is payable in new ordinary shares of £0.01 each in the capital
of the Company ("Ordinary Shares"), it has today issued, in aggregate, 13,404
Ordinary Shares (the "Investment Management Ordinary Shares") to the
Investment Manager, subject only to Admission (defined below).
The issue price per Investment Management Ordinary Share is £0.9450 (being
the prevailing Net Asset Value per share), in accordance with the terms of the
Investment Management Agreement.
An application has been made for the Investment Management Ordinary Shares to
be admitted to trading on the Specialist Fund Segment of the Main Market of
the London Stock Exchange. It is expected that dealings in the Investment
Management Ordinary Shares will commence at 8.00 a.m. on 21 December 2021
("Admission").
The Investment Management Ordinary Shares allotted and issued are subject to a
minimum lock-in period of 12 months from 21 December 2021, being when the
Investment Management Ordinary Shares became due and deliverable.
Total Voting Rights
Immediately following Admission, the Company's issued share capital will
consist of 100,014,079 Ordinary Shares with voting rights. This figure may be
used by Shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change
to their interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Triple Point Investment Management LLP (via FTI below)
(Investment Manager)
Jonathan Parr
Jonathan Hick
Akur Capital (Financial Adviser) Tel: 020 7493 3631
Tom Frost
Anthony Richardson
Siobhan Sergeant
RBC Capital Markets (Joint Broker) Tel: 020 7653 4000
Matthew Coakes
Jill Li
Kathryn Deegan
Winterflood Securities (Joint Broker) Tel: 020 3100 0000
Neil Langford
Hande Derinkok
FTI Consulting
Ed Berry Tel: 07703 330 199
Mitch Barltrop Tel: 07807 296 032
The Company's LEI is 213800UDP142E67X9X28.
Further information on the Company can be found on its website at
www.tpenergyefficiency.com (http://www.tpenergyefficiency.com) .
NOTES:
The Company is an investment trust which invests exclusively in a diversified
portfolio of Energy Efficiency Projects in the UK, which have a positive
environmental impact. The Company's investments will focus on the core sectors
of: low carbon heat distribution; social housing retrofit and industrial
energy efficiency; and distributed generation.
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 generation projects. In 2018, Triple Point was appointed as the
Delivery Partner to BEIS, a department of the UK government, to deliver the
£320 million Heat Networks Investment Project ("HNIP").
The Company's ordinary share capital was admitted to trading on the Specialist
Fund Segment of the Main Market of the London Stock Exchange on 19 October
2020 and the Company was awarded the London Stock Exchange's Green Economy
Mark.
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