Admission to trading and first day of dealings
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.
23 November 2021
LEI: 213800IE1PPREDIIZB62
Atrato Onsite Energy plc
(the "Company")
Admission to trading and first day of dealings
Atrato Onsite Energy plc (LSE: ROOF), the new renewables investment trust focusing on UK commercial rooftop solar and providing investors with capital growth and secure, index-linked income, is pleased to announce its admission to the premium listing segment of the Official List of the FCA and to trading on the main market of the London Stock Exchange at 8.00 a.m. today ("Initial Admission"). The Ordinary Shares will trade under the ticker "ROOF" (ISIN: GB00BN497V39).
The total number of Ordinary Shares with voting rights in the Company with effect from Initial Admission is 150,000,000. This total voting rights figure can be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.
On 22 September 2021, the Company issued 50,000 redeemable preference shares of £1.00 each (the "Redeemable Preference Shares") to Atrato Group Limited. Conditionally upon Initial Admission occurring, all of the Redeemable Preference Shares (being all such shares as are in issue) will be redeemed at par value in accordance with the requirements of the Companies Act 2006 and the Company's articles of association.
Capitalised terms shall have the same meaning attributed to them in the Prospectus unless otherwise defined in this announcement.
ENQUIRIES
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Atrato Partners Limited Gurpreet Gujral Francisca Wiggins Christopher Fearon
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+44 (0)77 959 75560 |
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Alvarium Securities Limited Mark Thompson Eddie Nissen Oliver Kenyon
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+44 (0)20 7016 6711 +44 (0)20 7016 6713 +44 (0)20 7016 6704 |
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Kaso Legg Communications Charles Gorman Jamie Legg Millie Steyn |
atrato@kl-communications.com +44 (0)20 3995 6673 +44 (0)20 3995 6699 +44 (0)20 3995 6671 |
Notes to Editors
Atrato Onsite Energy plc (LSE: ROOF) is a new investment trust company focused on onsite green energy generation, providing new renewable energy capacity with 100% carbon traceability to industrial and commercial counterparties. The Company focuses on UK commercial rooftop solar, helping its corporate clients achieve net zero and reduce their energy bills. It raised £150 million in a significantly oversubscribed IPO in November 2021. Atrato Onsite Energy plc provides investors with attractive capital growth and secure, index-linked income, targeting a 5% dividend yield and a total shareholder return of 8 - 10%(1). Atrato Partners Limited is the Company's investment adviser.
Further information is available on the Company's website, www.atratoroof.com.
(1) The target dividend and target NAV Total Return set out above are targets only and are not profit forecasts. There can be no assurance that these targets can or will be met. These targets have been developed based upon assumptions with respect to future business decisions and conditions that are subject to change, including the Company's execution of its investment objective and strategies, as well as growth in the sector and markets in which the Company operates. As a result, the Company's actual results may vary from the targets set out above and those variations may be material. The target dividend yield reflects the IPO price of 100 pence per Ordinary Share.
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