Octopus Renewables Infrastructure Trust PLC - London-based renewable energy assets investor - Says the pipeline of renewable energy investments identified by its investment manager as potentially suitable for acquisition and over which it either has exclusivity or has submitted non-binding offers over, has grown since its initial public offering in December to GBP1.7 billion. In addition, the investment manager has identified a further GBP2.2 billion of renewable energy investments in the UK, Finland, France, Germany, Ireland, Italy, the Netherlands, Poland, Spain, Sweden and Australia that are potentially suitable for acquisition.
Reconfirms its dividend target from its IPO to June 30, 2020 of an initial annualised dividend yield of 3%, by reference to its IPO issue price of GBP1.00 per share.
Current stock price: 112.80 pence
Year-to-date change: up 3.7%
By Ife Taiwo; ifetaiwo@alliancenews.com
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Octopus Energy (ORIT)