11 Oct 2022 07:00
11 October 2022
Triple Point Income VCT plc
(the "Company")
Disposal of gas fired energy asset and Dividend Declaration
Disposal of gas fired energy asset
The Board is pleased to announce that yesterday it completed on the sale of Green Peak Generation Limited within the Company's E Share Class for total consideration of £2,633,610, as part of a wider portfolio sale of gas fired energy generation companies.
The Company conducted a competitive process and invited bids from some of the leading energy infrastructure investors in the UK, following renewed interest in these types of assets due to changes in the energy market landscape. The Company received bids from all invited bidders, following which Conrad Energy (Holdings) II Limited ("Conrad") was selected as the preferred bidder for the gas fired generation projects, with reference to key criteria including total consideration, level of offer conditionality and high level of deliverability. At the conclusion of the sale process, Conrad's final offer was considered the most attractive to the Company.
Dividend Declaration
The Board has today resolved to pay an interim dividend of 12.0p per share to E Class Shareholders. The dividend will be paid on 4 November 2022 to E Shareholders on the register at the close of business on 21 October 2022. The ex-dividend date will be 20 October 2022.
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Triple Point Investment Management LLP (Investment Manager) | Tel: 020 7201 8989 |
Belinda Thomas Jonathan Parr |
The Company's LEI is 213800IXD8S5WY88L245
Further information on the Company can be found on its website https://www.triplepoint.co.uk/current-vcts/triple-point-income-vct-plc/s1238/