Ecofin US Renewables Infrastr.Trust Purchase of Management Fee Shares (6539O)
02 February 2023 - 6:00PM
UK Regulatory
TIDMRNEW
RNS Number : 6539O
Ecofin US Renewables Infrastr.Trust
02 February 2023
2 February 2023
ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC
(the "Company")
Purchase of Management Fee Shares
The Company announces that, in accordance with the terms of the
Investment Management Agreement (the "IMA") with Ecofin Advisors,
LLC (the "Investment Manager"), on 1 February 2023 the Investment
Manager purchased 59,096 Ordinary Shares in the market (the
"Management Fee Shares") at an average price of $0.835 per
Management Fee Share, representing the management fee due for the
three-month period ended 31 December 2022.
Pursuant to the IMA, 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
Company's Annual Report for the period ended 31 December 2021.
Combined with previous Management Fee Share purchases and
issuances, the Investment Manager and the relevant associates hold
a total of 346,887 Management Fee Shares.
For further information, please contact:
Ecofin Advisors, LLC (Investment Manager)
Edward Russell
Eileen Fargis
Jason Benson
Michael Hart +1 913 981 1020
Peel Hunt LLP (Joint Corporate Broker)
Liz Yong
Luke Simpson
Huw Jeremy +44 20 7418 8900
Stifel (Joint Corporate Broker)
Mark Bloomfield
Rajpal Padam
Madison Kominski +44 20 7710 7600
Apex Listed Companies Services (UK) Limited
(Company Secretary)
Martin Darragh
Maria Matheou +44 20 3327 9720
FTI Consulting (Financial PR)
Matthew O'Keeffe
Mitch Barltrop
Vee Montebello +44 7976 075797
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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END
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