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12 May 2022 07:17
LEI: 254900V23329JCBR9G82
12 MAY 2022
ThomasLloyd Energy Impact Trust PLC
First interim dividend declaration
The Board of ThomasLloyd Energy Impact Trust plc (the "Company") is pleased to declare the Company's first dividend following its IPO in December 2021 (the "Q1 2022 Dividend"). The initial interim dividend of 0.44 cents per ordinary share is in respect of the period to 31 March 2022. The dividend is expected to be payable on 24 June 2022 to shareholders on the register on 20 May 2022. The ex-dividend date will be 19 May 2022. The Q1 2022 Dividend is in line with the Company's dividend target range for 2022 of 2-3 cents per ordinary share for the current financial year.
The dividend timetable facilitates a period for shareholders to elect to receive the dividend payment, which is declared in and by default payable in US Dollars, in either Sterling or Euro as an alternative. The deadline for receipt of elections for the payment of dividends other than in US Dollars is 5pm BST on 7 June 2022.
A copy of the dividend currency election form can be downloaded from www.investorcentre.co.uk and the Company's website: https://tlenergyimpact.com/. Completed dividend currency election forms should be sent to the Company's registrar, Computershare Investor Services PLC, c/o The Pavilions, Bridgewater Road, Bristol, BS99 6ZY. CREST shareholders must elect via CREST.
Dividend Timetable
Key dates | 2022 |
Announcement of dividend | 12 May |
Ex-dividend date | 19 May |
Record date | 20 May |
Final currency election date | 7 June |
Dividend paid | 24 June |
Notes:
The target dividend range set out above is a target only and is not a profit forecast. There can be no assurance that the target can or will be met and it should not be seen as an indication of the Company's expected or actual results or returns.
Enquiries:
ThomasLloyd Group Anneliese Diedrichs
|
+41 (0) 79 659 6513 Anneliese.diedrichs@thomas-lloyd.com |
Shore Capital Robert Finlay / Rose Ramsden (Corporate)Fiona Conroy (Corporate Broking) | +44 (0) 20 7408 4050 |
About ThomasLloyd Energy Impact Trust Plc
ThomasLloyd Energy Impact Trust plc (TLEI) listed on the premium segment of the main market of the London Stock Exchange in December 2021 and was awarded the Green Economy Mark upon admission.
In 2021, ThomasLloyd Group participated in the Mobilising Institutional Capital Through Listed Product Structures (MOBILIST) competition, which engaged financial institutions in a search for the best sustainable infrastructure proposal that can list either on the London Stock Exchange or local exchanges. ThomasLloyd Group was the first fund manager to complete this process successfully and received US$32.3 million in investment from the UK government into TLEI.
The Company has a triple return investment objective which consists of:
· providing shareholders with attractive dividend growth and prospects for long-term capital appreciation (the financial return);
· protecting natural resources and the environment (the environmental return); and
· delivering economic and social progress, helping build resilient communities and supporting purposeful activity (the social return).
The Company seeks to achieve its investment objective by investing directly in a diversified portfolio of sustainable energy infrastructure assets in the fast-growing and emerging economies in Asia. The assets will be unlisted sustainable energy infrastructure assets in the areas of renewable energy power generation, transmission infrastructure, energy storage and sustainable fuel production, including utilising different technologies to reduce revenue variability.
The Company aims to generate additional value for its investors through focusing its investments on construction-ready or in-construction projects. The Company only invests in such pre-operational assets where: (i) an offtake agreement has been entered into; (ii) the land on which the project is situated is identified or contractually secured where appropriate; and (iii) all relevant permits have been granted.
Offtake agreements will typically benefit from long-term fixed-price power purchase agreements, capacity contracts or other similar revenue contracts with creditworthy (primarily investment grade) private and public sector buyers.
As is the case for all ThomasLloyd funds, the Company is expected to qualify as an Article 9 fund under the EU Sustainable Finance Disclosure Regulation (SFDR). Further information on the Company can be found on its website at http://www.tlenergyimpact.com
About the Investment Manager
The Company's investment manager is a wholly-owned subsidiary of ThomasLloyd Group ("ThomasLloyd" or the "ThomasLloyd Group"). Founded in 2003, the ThomasLloyd Group is a leading impact investor and provider of climate financing. ThomasLloyd is a pure play impact investor and aims to apply a robust, socially and environmentally responsible investment approach that is geared towards reducing carbon emissions and improving economic prospects, while reducing investment risk through diversification across countries, sectors and technologies
Over the last decade, ThomasLloyd has deployed over US$1 billion across 16 projects in renewable energy power generation, transmission and sustainable fuel production with a total capacity in excess of 700 MW.
Since 2013, the firm has been measuring and reporting on the impact of its investments, creating an empirical database showing the positive impact of their investments in sustainable energy infrastructure in high growth and emerging markets in Asia.
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