TIDMGRP

RNS Number : 6134Q

Greencoat Renewables PLC

28 October 2021

Greencoat Renewables PLC EGM Result

Dublin, London, 28 October 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, 28 October 2021, the Resolutions were duly passed without amendment.

Application has been made to Euronext Dublin and the London Stock Exchange for 148,648,649 Placing Shares to be admitted to trading on Euronext Growth and AIM, respectively. Admission of the Placing Shares will become effective, and dealings will commence in the Placing Shares at 8.00 a.m. on 29 October 2021. The enlarged issued share capital of the Company on Admission will be 889,887,587 Ordinary Shares.

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            361,810,151       99.99       2,500      0.01         0 
 
  Resolution 
       2           355,624,514        98.29     6,188,137    1.71         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 resolutions can be found below:-

SPECIAL BUSINESS

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

1. THAT, in addition to the general authority granted at the annual general meeting of the Company held on 29 April 2021, the Directors be and are hereby generally and unconditionally authorised, pursuant to Section 1021 of the Companies Act 2014, to exercise all of the powers of the Company to allot relevant securities (within the meaning of the said Section 1021) up to an aggregate nominal amount equal to EUR4,000,000.00. The authority hereby conferred shall expire at close of business on the date preceding the date which is 12 calendar months after the date of passing of this Resolution, unless previously renewed, varied or revoked; provided that the Company may make an offer or agreement before the expiry of the authority conferred by this Resolution which would or might require relevant securities to be allotted after such authority has expired, and the Directors may allot relevant securities in pursuance of such an offer or agreement as if the power conferred by this resolution had not expired.

To consider and, if thought fit, pass the following resolution as a special resolution:

2. THAT, in addition to the power granted at the annual general meeting of the Company held on 29 April 2021, subject to the passing of Resolution 1 above, the Directors be and are hereby empowered, pursuant to Sections 1022 and 1023(3) of the Companies Act 2014, to allot equity securities (within the meaning of the said Section 1023(1)) for cash pursuant to the authority to allot relevant securities conferred on the Directors by Resolution 1 of this Notice of EGM as if Section 1022(1) did not apply to any such allotment, provided that such power shall:

a) be limited to the allotment of Ordinary Shares up to a nominal aggregate amount equal to EUR4,000,000.00; and

b) expire at close of business on the date preceding the date which is 12 calendar months after the date of passing of this Resolution, unless previously varied, revoked or renewed, and provided further that the Company may before such expiry make an offer or agreement which would or might require equity securities to be allotted after such expiry and the Directors may allot equity securities in pursuance of such offer or agreement as if the power conferred hereby had not expired.

The full text of the Resolutions 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 .

Capitalised terms not defined in this Announcement shall have the meaning given to them in the circular which was sent to Shareholders on 4 October 2021 (the "Circular").

--- 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 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.

For more information about Greencoat Renewables PLC, please visit http://www.greencoat-renewables.com/

For more information about Greencoat Capital LLP, please visit http://www.greencoat-capital.com

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END

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October 28, 2021 08:30 ET (12:30 GMT)

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