Change of Name

RNS Number : 6439X

Triple Point Energy Efficiency

30 August 2022

 

30 August 2022

Triple Point Energy Transition plc

(formerly Triple Point Energy Efficiency Infrastructure Company plc)

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

Change of Name

The Board of Directors is pleased to announce that, following approval by shareholders at the AGM on 25 August 2022, the Company has changed its name to Triple Point Energy Transition plc . The new name will be reflected by the London Stock Exchange and the Company's London Stock Exchange market ticker will become TENT (formerly TEEC) with effect from 8.00am on 31 August 2022. The Company's ISIN and SEDOL remain unchanged.

The Company's website has changed to http://www.tpenergytransition.com/

The change of name will not affect any rights of shareholders and exisitng share certificates should be retained as they will remain valid and no new share certificates will be issued.

For further information, please contact:

Triple Point Investment Management LLP Jonathan Hick Ben Beaton	[phone]
J.P. Morgan Cazenove (Corporate Broker) William Simmonds / Jérémie Birnbaum (Corporate Finance) James Bouverat / Liam MacDonald-Raggett (Sales)	[phone]
Akur Limited (Financial Adviser) Tom Frost Anthony Richardson Siobhan Sergeant	[phone]

LEI: 213800UDP142E67X9X28

Further information on the Company can be found on its website: http://www.tpenergytransition.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 Teeside 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.

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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