Ecofin US Renewables Infrastr.Trust Issue of management fee shares (3205H)
03 August 2021 - 4:00PM
UK Regulatory
TIDMRNEW
RNS Number : 3205H
Ecofin US Renewables Infrastr.Trust
03 August 2021
3 August 2021
ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC
(the "Company")
Issue of management fee shares
The Company announces that it has issued 25,568 ordinary shares
("New Ordinary Shares") to the Company's Investment Manager, Ecofin
Advisors, LLC, in relation to fees payable for the period from 1
April 2021 to 30 June 2021. The New Ordinary Shares have been
issued in accordance with the Investment Management Agreement
("IMA"), pursuant to which 15 per cent. of the management fee is
payable in the form of Ordinary Shares, subject to a rolling
lock-up of 12 months. The details of the IMA were disclosed in the
prospectus published by the Company on 11 November 2020.
The New Ordinary Shares are being issued at a price equal to the
prevailing cum income Net Asset Value as at 30 June 2021 of 98.47
cents per New Ordinary share.
Applications will be made for the New Ordinary Shares to be
admitted to the premium segment of the Official List, and to
trading on the London Stock Exchange's Main Market for listed
securities ("Admission"). It is expected that Admission will become
effective at 8am on 6(th) August 2021. The New Ordinary Shares will
rank pari passu with the ordinary shares already in issue.
Following Admission, the Company's issued share capital will
consist of 125,053,498 ordinary shares. Therefore, the total number
of voting rights of the Company is 125,053,498 and this figure may
be used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or of a change to their interest in, the Company under
the FCA's Disclosure and Transparency Rules.
For further information, please contact:
Ecofin Advisors, LLC (Investment Manager)
Jerry Polacek
Matthew Ordway
Prashanth Prakash +1 913 981 1020
Stifel (Corporate Broker)
Mark Bloomfield
Nick Donovan +44 207 710 7600
PraxisIFM Fund Services (UK) Limited (Company
Secretary)
Martin Darragh
Maria Matheou +44 204 513 9260
Further information on the Company can be found on its website
at
https://uk.ecofininvest.com/funds/us-renewables-infrastructure-trust-plc/
.
The Company's LEI is 2138004JUQUL9VKQWD21.
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