TIDMGRP

RNS Number : 1676M

Greencoat Renewables PLC

17 September 2021

Greencoat Renewables PLC EGM Result

Dublin, London, 17 September 2021: Greencoat Renewables PLC ("Greencoat Renewables" or the "Company") the renewable infrastructure company invested in euro-dominated assets, is pleased to announce that at the Company's EGM held at 10.00 am today, 17 September 2021, the Resolution was duly passed without amendment.

The resolution as set out in the Notice of EGM were voted on by way of a poll and the results were as follows:

 
              In Favour 
               (including discretionary)         Against        Withheld* 
 Resolution         Votes            %       Votes     %        Votes 
     1           445,797,982       99.99     2,500    0.01        0

*A vote withheld is not a vote in law and is therefore not counted towards the proportion of votes "in favour" or "against" the Resolution.

The full wording of the resolution can be found below:-

SPECIAL BUSINESS

To consider and, if thought fit, to pass the following resolution as an ordinary resolution:

That the Company be and is hereby generally and unconditionally authorised to amend its investment policy as set out at paragraph 3.1 of Part 1 of the admission document issued by the Company on 20 July 2017 and as amended at the Annual General Meeting on 29 April 2020 and the Annual General Meeting on 29 April 2021 (the "Investment Policy"), by:

(i) Adding Spain and Portugal to the definition of "Other Relevant Countries" (as defined in the Investment Policy) such that the amended definition of "Other Relevant Countries" shall refer to "Belgium, Finland, France, Germany, Netherlands, Denmark, Norway, Sweden, Spain and Portugal"; and

(ii) Clarifying that the Company can invest in aggregate, up to 10 per cent. Of the Gross Asset Value (calculated immediately following each investment) (i) in wind energy assets or solar PV assets under construction; or (ii) in assets that are in other forms of energy technologies (or infrastructure that is complementary to, or supports the roll-out of, renewable energy generation) in Ireland in addition to the Other Relevant Countries.

T he full text the resolution and a summary of proxy votes received will shortly be available on the Company's website and will also be submitted to the National Storage Mechanism for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

--- ENDS ---

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

About Greencoat Renewables PLC

Greencoat Renewables PLC is an investor in euro-denominated renewable energy infrastructure assets. Initially focused solely on the acquisition and management of operating wind farms in Ireland, the Company is now also investing in wind and solar assets in certain other Northern European countries with stable and robust renewable energy frameworks. It is managed by Greencoat Capital LLP, an experienced investment manager in the listed renewable energy infrastructure sector.

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END

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