Issue of Ordinary Shares under IMA

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 "InvestmentManagement 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 (Investment Manager)	(via FTI below)
Jonathan Parr
Jonathan Hick
Akur Capital (Financial Adviser)	Tel: [phone]
Tom Frost
Anthony Richardson
Siobhan Sergeant
RBC Capital Markets (Joint Broker)	Tel: [phone]
Matthew Coakes
Jill Li
Kathryn Deegan
Winterflood Securities (Joint Broker)	Tel: [phone]
Neil Langford
Hande Derinkok
FTI Consulting
Ed Berry	Tel: [phone]
Mitch Barltrop	Tel: [phone]

The Company's LEI is 213800UDP142E67X9X28.

Further information on the Company can be found on its website at 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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