19 Oct 2020 07:00
LEI: 213800UDP142E67X9X28
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL. PLEASE SEE THE SECTION ENTITLED "DISCLAIMER" TOWARDS THE END OF THIS ANNOUNCEMENT.
19 October 2020
Triple Point Energy Efficiency Infrastructure Company plc
("TEEC" or the "Company")
First Day of Dealings
Further to the announcement on 14 October 2020, the Company is pleased to announce that 100 million ordinary shares (the "Ordinary Shares") will be admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange at 8.00 a.m. today ("Admission"). The Ordinary Shares will trade under the ticker: TEEC (ISIN: GB00BMCBZL07).
The total number of Ordinary Shares in the Company in issue immediately following Admission is 100,000,000 each with equal voting rights. This total voting rights figure can be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.
On Admission, the Investment Manager, principally via Perihelion One Limited (a company within the Triple Point Group), will hold 500,001 Ordinary Shares, representing 0.5 per cent. of the Ordinary Shares in issue. All of the non-executive directors of the Company have subscribed for Ordinary Shares at the Issue Price, totalling 130,000 Ordinary Shares in aggregate.
Any capitalised terms used in this announcement and not otherwise defined shall have the same meanings as set out in the Prospectus.
For further information, please contact:
Triple Point Investment Management LLP Jonathan Parr Charles Herriott | (via FTI below) |
Akur Limited (Joint Financial Adviser) Tom Frost Anthony Richardson Siobhan Sergeant | 020 7493 3631 |
RBC Capital Markets (Joint Financial Adviser and Sole Global Coordinator and Bookrunner) Matthew Coakes Duncan Smith Jill Li Max Avison | 020 7653 4000 |
Winterflood Securities (Co-Lead Manager) Darren Willis Andrew Marshall Innes Urquhart Neil Langford | 020 3100 0000 |
FTI Consulting Ed Berry Mitch Barltrop |
07703 330 199 07807 296 032 |
Further information on the Company can be found on its website: www.tpenergyefficiency.com.
NOTES:
The Company is a newly incorporated investment trust which will invest exclusively in a diversified portfolio of Energy Efficiency assets in the UK, which have a positive environmental impact and which facilitate the transition to a low carbon economy in accordance with the UK government's overall environmental targets. The Company's investments will focus on the core sectors of: low carbon heat distribution; social housing retrofit and industrial energy efficiency; and distributed generation.
The Investment Manager is Triple Point Investment Management LLP ("Triple Point") which is authorised and regulated by the Financial Conduct Authority. Triple Point manages private, institutional and public capital, and has a proven track record of investment in Energy Efficiency and decentralised energy generation projects. In 2018, Triple Point was appointed as the Delivery Partner to BEIS, a department of the UK government, to deliver the £320 million Heat Networks Investment Project ("HNIP").
The Company will be admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange on 19 October 2020 and will be awarded the London Stock Exchange's Green Economy Mark from admission.