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IN BRIEF: Octopus Renewables Plans Investment Policy Changes

Mon, 11th Jan 2021 17:49

Octopus Renewables Infrastructure Trust PLC - Proposes changes to investment policy, with changes falling broadly into three categories. The first of these will be to allow limited investment, up to 5% of gross asset value, in renewable energy assets still under development alongside renewable energy developers and development pipelines. The second category of changes are to reflect Octopus Renewables' progress since launch, while the third category concerns additional minor changes aimed at clarifying sections of the firm's current investment policy. The general meeting to vote on the new proposals will take place February 4, with shareholders unable to attend in person due to Covid-19 and encouraged to instead vote by proxy.

Current stock price: 114.50 pence

Year-to-date change: up 0.7%

By Anna Farley; annafarley@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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