(Alliance News) - Greencoat UK Wind PLC on Monday said it has renewed its investment management agreement with Greencoat Capital LLP by four years from April 1.
The London-based renewable energy infrastructure investor added that some changes have been made to the pact. Fees charged in respect of net asset value over GBP3 billion have been reduced to 0.7%.
Greencoat Capital has been Greencoat UK Wind's investment manager since it became a public company in 2013. "During that period, UKW has delivered a market-leading total return to shareholders of approximately 150% including 59.7p per share in dividends," Greencoat UK Wind said.
Greencoat UK shares were 0.2% higher at 155.55 pence each in London on Monday morning.
By Tom Budszus; tombudszus@alliancenews.com
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Greencoat UK Wind (UKW)