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Pin to quick picksEcofin U.s. $ Regulatory News (RNEW)

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Purchase of Management Fee Shares

2 Feb 2023 07:00

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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