08 February 2024
Harmony Energy Income Trust
plc
(the "Company" or "HEIT")
Acquisition of
Shares
Harmony Energy Income Trust plc,
which invests in battery energy storage system ("BESS") assets in Great Britain,
announces that certain principals of Harmony Energy Advisors
Limited ("HEAL"), acquired
on 5 February 2024 in aggregate 2,850,000 ordinary shares in the
Company at an average price of 39p per share. Following the
acquisition of these shares, the principals of HEAL hold in
aggregate 7,614,298 ordinary shares representing 3.35 per
cent. of the Company's issued share capital.
END
For further information, please
contact:
Harmony Energy Advisors Limited Paul Mason
Max Slade
Peter Kavanagh
James Ritchie
info@harmonyenergy.co.uk
|
|
Berenberg
Ben Wright
Richard Bootle
Dan Gee-Summons
|
+44 (0)20 3207 7800
|
Stifel Nicolaus Europe Limited
Mark Young
Edward Gibson-Watt
Rajpal Padam
Madison Kominski
|
+44 (0)20 7710 7600
|
Camarco Eddie
Livingstone-Learmonth
Georgia Edmonds
|
+44 (0)20 3757 4980
|
JTC
(UK) Limited Uloma
Adighibe
Harmony.CoSec@jtcgroup.com
|
+44 (0)20 3832 3877
|
LEI: 254900O3XI3CJNTKR453
About Harmony Energy Advisors Limited (the "Investment
Adviser")
The Investment Adviser is a wholly
owned subsidiary of Harmony Energy Limited.
The management team of the
Investment Adviser have been exclusively focussed on the energy
storage sector (across multiple projects) in Great Britain for over
seven years, both from the point of view of asset owner/developer
and in a third-party advisory capacity. The Investment
Adviser is an appointed representative of Laven Advisors LLP, which
is authorised and regulated by the Financial Conduct
Authority.
Important
Information
This announcement does not
constitute an offer to sell or the solicitation of an offer to
acquire or subscribe for shares in the
Company in any jurisdiction. This distribution of this announcement
outside the UK may be restricted by law. No action has been taken
by the Company that would permit possession of this announcement in
any jurisdiction outside the UK where action for that purpose is
required. Persons outside the UK who come into possession of this
announcement should inform themselves about the distribution of
this announcement in their particular jurisdiction.
This announcement contains (or may
contain) certain forward-looking statements with respect to certain
of the Company's plans and/or the plans of one or more of its
investee companies and their respective current goals and
expectations relating to their respective future financial
condition and performance and which involve a number of risks and
uncertainties. The Company's target returns are a target only and
there is no guarantee that these will be achieved. This Company
cautions readers that no forward-looking statement is a guarantee
of future performance and that actual results could differ
materially from those contained in the forward-looking
statements.
It should also be noted that any
future NAV per Ordinary Share announced by the Company in due
course will, in addition to the matters described in this
announcement, also be affected by valuation movements in the
Company's Portfolio and other factors including, without
limitation, purchase prices of battery energy storage systems
and components, project development and construction costs, income
and pricing from contracts with National Grid ESO and other
counterparties, the potential for trading profitability in the
wholesale electricity markets and/or Balancing Mechanism,
performance of the Company's investments, and the availability of
projects which meet the Company's minimum return parameters in
accordance with the Company's investment policy .