Last checked at 18 May 2023 07:00
18 May 2023
Aquila European Renewables plc
Purchase of Ordinary Shares in Connection with the Payment of the Investment Adviser Fee
Aquila European Renewables (the "Company") announces that, in accordance with the Investment Advisory Agreement ("IAA"), it has purchased 771,695 Ordinary Shares ("Investment Adviser Fee Shares") in the Company at an average price of €0.988571 per Ordinary Share for Aquila Capital Investmentgesellschaft mbH, the Company's Investment Adviser, in order to satisfy the Company's Investment Adviser fee due for the period from 1 January 2023 to 31 March 2023. The purchase of the Investment Adviser Fee Shares equated to a net consideration of €767,840.86, including commission and stamp duty and was funded out of the Company's surplus cash. Details of the IAA were disclosed in the prospectus published by the Company on 17 September 2020.
Following the transaction noted above, the Investment Adviser now holds an aggregate total of 8,959,109 Ordinary Shares, representing 2.3% of the Company's total Ordinary Shares in circulation.
Media contacts:
Edelman Smithfield
Ged Brumby 07540-412301
Kanayo Agwunobi 07581-010560
Sponsor, Broker and Placing Agent
Numis Securities 020 7260 1000
Tod Davis
David Benda
Vicki Paine
NOTES
The objective of Aquila European Renewables plc is to provide investors with an attractive long-term, income-based return in EUR through a diversified portfolio of wind, solar PV and hydropower investments across continental Europe and Ireland. Through the diversification of generation technologies, the seasonal production patterns of these asset types complement each other to balance the cash flow, while the geographic diversification serves to reduce exposure to one single energy market. In addition, a balance is maintained between government supported revenues, fixed price power purchase agreements ("PPAs") and market power price risk.
www.aquila-european-renewables.com
LEI Number: 213800UKH1TZIC9ZRP41
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