TIDMGRP
RNS Number : 7501J
Greencoat Renewables PLC
25 August 2021
GREENCOAT RENEWABLES PLC
(the "Company")
NOTICE OF EXTRAORDINARY GENERAL MEETING
Dublin, London, 25 August 2021 | Greencoat Renewables PLC
("Greencoat Renewables" or the "Company"), announces that an
Extraordinary General Meeting of Greencoat Renewables PLC will be
held at Davy House, 49 Dawson Street, Dublin 2, Ireland on 17
September 2021 at 10.00 a.m. (the "EGM").
The business of the EGM will be to consider proposed amendments
to the Company's Investment Policy (pursuant to the Resolution set
out in the Notice of EGM (the "Resolution")) to add Spain and
Portugal to the definition of "Other Relevant Countries" such that
the amended definition of "Other Relevant Countries" shall refer to
"Belgium, Finland, France, Germany, Netherlands, Denmark, Norway,
Sweden, Spain and Portugal" and to clarify that investments in
assets under construction or complementary to the roll-out of
renewable energy generation up to 10 per cent. of gross asset value
can be made in Ireland in addition to the Other Relevant
Countries.
As noted in the Company's 2020 annual report, the Company has
been conducting investigations of investments in Iberian markets,
which have seen positive developments in recent years and where
subsidy free renewable infrastructure development continues to see
significant growth. The Company has been exploring opportunities in
Spain and Portugal and has an active near term pipeline. The
additional jurisdictions of Spain and Portugal would provide the
Company with the benefit of a larger pool of potential acquisition
targets and facilitate the group's diversification opportunities as
it continues its expansion into Europe. Greencoat Capital has
relationships with many of the key utilities and developers across
the Iberia regions, providing the Company with access to a wide
range of opportunities complimentary to the Company's wider
European strategy.
The circular which includes the notice of the EGM (the
"Circular") and a Form of Proxy have been posted to shareholders
today. The Board strongly urges shareholders to review the contents
of the Circular in their entirety, including the documents referred
to therein, and consider the Board's recommendation to vote in
favour of the Resolution.
The Circular, the Form of Proxy and the proposed revisions to
the Investment Policy are available to view on the Company's
website, www.greencoat-renewables.com , and will be available for
inspection during normal business hours on any business day from
the date of this letter until the EGM at the registered office of
the Company.
Public Health Guidelines and the EGM
The well-being of our Shareholders and our people is a primary
concern for the Directors. We are closely monitoring the COVID-19
situation and any advice by the Government of Ireland in relation
to the pandemic. We will take all recommendations and applicable
law into account in the conduct of the EGM. There will likely be
very limited ability to attend the EGM in person and we would
therefore encourage Shareholders to submit their Form of Proxy to
ensure they can vote and be represented at the EGM. By submitting a
Form of Proxy in favour of the chairman of the EGM you can ensure
that your vote on the Resolution is cast in accordance with your
wishes without attending in person.
Proxy forms can be submitted in advance of the EGM by availing
of one of the options set out in the notice of the EGM:
-- by post to the Registrars of the Company, Computershare
Investor Services (Ireland) Limited, 3100 Lake Drive, Citywest
Business Campus, Dublin 24, D24 AK82, Ireland, so as to be received
in any case no later than 48 hours before the time appointed for
the EGM;
-- electronically by accessing www.eproxyappointment.com ; or
-- by Euroclear Nominees Limited in respect of the shares
registered in its name as nominee for Euroclear Bank SA/NV
("Euroclear Bank"), through the use of a secured mechanism to
exchange electronic messages as agreed by the Company with
Euroclear Bank.
Persons who hold their interests in ordinary shares as Belgian
law rights through the Euroclear system or as CDIs through the
CREST system, should consult with their stockbroker or other
intermediary at the earliest opportunity for further
information.
For voting services offered by custodians holding Irish
corporate securities directly with Euroclear Bank, please contact
your custodian.
If registered shareholders are unable to attend the meeting and
have questions they would like posed at the EGM, they can be
submitted by email to: company.secretary@greencoat-renewables.com
by 9.00 a.m. on 15 September 2021 and can be assured that all
questions will receive a response prior to the meeting.
The Company continues to monitor the impact of COVID-19 and any
relevant updates regarding the EGM, including any changes to the
arrangements outlined in the Circular, will be announced via a
Regulatory Information Service and will be available on
www.greencoat-renewables.com.
In the event that it is not possible to hold the EGM either in
compliance with public health guidelines or applicable law or where
it is otherwise considered that proceeding with the EGM as planned
poses an unacceptable health and safety risk, the EGM may be
adjourned or postponed or relocated to a different time and/or
venue, in which case notification of such adjournment or
postponement or relocation will be given in accordance with
applicable law.
A copy of the Circular can be inspected at the National Storage
Mechanism website at
https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism
.
Important Note
Announcements relating to the EGM contain (or may contain)
certain forward-looking statements with respect to certain of the
Company's current expectations and projections about future events,
including Migration, and the Company's future financial condition
and performance. These statements, which sometimes use words such
as "aim", "anticipate", "believe", "may", "will", "should",
"intend", "plan", "assume", "estimate", "expect" (or the negative
thereof) and words of similar meaning, reflect the directors'
current beliefs and expectations and involve known and unknown
risks, uncertainties and assumptions, many of which are outside the
Company's control and difficult to predict.
Due to such uncertainties and risks, readers are cautioned not
to place undue reliance on such forward-looking statements, which
speak only as of the date hereof. In light of these risks,
uncertainties and assumptions, the events described in the
forward-looking statements in this announcement may not occur. The
information contained in this announcement, including the
forward-looking statements, speaks only as of the date of this
announcement and is subject to change without notice and the
Company does not assume any responsibility or obligation to, and
does not intend to, update or revise publicly or review any of the
information contained herein save where indicated in the Circular,
whether as a result of new information, future events or otherwise,
except to the extent required by Euronext Growth Dublin or AIM or
by applicable law.
END
For further information on the Announcement, please contact:
Greencoat Renewables PLC: +44 20 7832 9400
Bertrand Gautier
Paul O'Donnell
Tom Rayner
Davy (Joint Broker, Nomad and
Euronext Growth Adviser) +353 1 6796363
Ronan Veale
Barry Murphy
RBC (Joint Broker) +44 20 7653 4000
Matthew Coakes
Duncan Smith
Elizabeth Evans
FTI Consulting (Media Enquiries) +353 1 765 0886
Jonathan Neilan
Melanie Farrell
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END
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