Renewables Infrastructure Group Regulatory News (TRIG)



THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.

This announcement is an advertisement and not a prospectus. Investors should not purchase or subscribe for any transferable securities referred to in this announcement except on the basis of information contained in the prospectus published by The Renewables Infrastructure Group Limited (the "Company") in connection with the placing of New Ordinary Shares pursuant to the Company's share issuance programme announced on 24 June 2015 (the "Placing") and the admission of any New Ordinary Shares issued pursuant to the Placing to the premium segment of the Official List of the Financial Conduct Authority and to trading on London Stock Exchange plc's main market for listed securities. The prospectus published in connection with the Company's share issuance programme comprises the registration document, securities note and summary published by the Company on 1 December 2014, (as supplemented by the first supplementary prospectus dated 3 March 2015, the second supplementary prospectus dated 24 June 2015 and the third supplementary dated 13 July 2015) (the "Prospectus"). This announcement is not an offer to sell, or a solicitation of an offer to acquire, securities in the United States or in any other jurisdiction. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.

17 July 2015

The Renewables Infrastructure Group Limited

 ("TRIG" or the "Company" and, together with the holding company subsidiaries, the "Group" - a London-listed investment company advised by InfraRed Capital Partners as investment manager and Renewable Energy Systems as operations manager)

Result of Placing

Further to the Company's announcement on 13 July 2015, the Board of The Renewables Infrastructure Group Limited (the "Company") is pleased to announce that a total of 126,488,514 New Ordinary Shares will be issued under the Placing at a Placing Price of 101 pence per New Ordinary Share raising gross proceeds of approximately £127.75 million.

The proceeds from the Placing will be used towards reducing the amount drawn under the Group's acquisition facility used to partially fund the recent investment in a portfolio of six operational onshore wind projects in Scotland developed by Fred. Olsen Renewables Limited.

The New Ordinary Shares will, when issued, rank pari passu with the existing ordinary shares, including the right to receive the target dividend of 3.08p per ordinary share for the six months ending 30 June 2015. The Placing is expected to be net asset value accretive for existing shareholders (net of fees and expenses associated with the Placing).

Application has been made for all of the New Shares to be admitted to the premium listing segment of the Official List of the FCA and to be admitted to trading on the London Stock Exchange's main market for listed securities. Admission and settlement of the Placing is expected to take place on 21 July 2015.

Canaccord Genuity and Jefferies acted as joint sponsors and joint bookrunners.

Commenting on today's announcement, Helen Mahy, non-executive chairman of the Company, said:

"We are very pleased with the results of the Placing, which follows the £110m raised in the Spring. We are particularly grateful for the strong support shown by our Shareholders and new investors. The market dynamics for the asset class remain strong, and our portfolio - with a net generating capacity of 658MW - provides strong asset diversification."

Total Voting Rights

Immediately following Admission, the Company's issued share capital will consist of 650,746,956 ordinary shares with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Any capitalised terms not defined in this announcement have the meaning set out in the Prospectus as defined above.

Enquiries:

InfraRed Capital Partners Limited +44 (0) 20 7484 1800

Richard Crawford

Matt Dimond

Tulchan Communications +44 (0) 20 7353 4200

Martha Walsh

Camilla Cunningham

Canaccord Genuity Limited +44 (0) 20 7523 8000

Andrew Zychowski

Lucy Lewis

Jefferies International Limited +44 (0) 20 7029 8000

Gary Gould

Stuart Klein

Important Information

This document is not for release, publication or distribution (directly or indirectly) in or into the United States, Canada, Australia, Japan, the Republic of South Africa or to any "US person" as defined in Regulation S under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or into any other jurisdiction where applicable laws prohibit its release, distribution or publication. It does not constitute an offer of securities for sale anywhere in the world, including in or into the United States, Canada, Australia, Japan or the Republic of South Africa. No recipient may distribute, or make available, this document (directly or indirectly) to any other person. Recipients of this document in jurisdictions outside the UK should inform themselves about and observe any applicable legal requirements in their jurisdictions. In particular, the distribution of this document may in certain jurisdictions be restricted by law.

The Ordinary Shares have not been and will not be registered under the U.S. Securities Act or with any securities regulatory authority of any state or other jurisdiction of the United States and, subject to certain exceptions, may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons. The Company will not be registered as an "investment company" under the U.S. Investment Company Act of 1940, as amended, and investors will not be entitled to the benefits of that Act. In addition, relevant clearances have not been, and will not be, obtained from the securities commission (or equivalent) of any province of Australia, Canada, Japan or the Republic of South Africa and, accordingly, unless an exemption under any relevant legislation or regulations is applicable, none of the Ordinary Shares may be offered, sold, renounced, transferred or delivered, directly or indirectly, in Australia, Canada, Japan or the Republic of South Africa.

Each of InfraRed Capital Partners Limited ("InfraRed"), Canaccord Genuity Limited ("Canaccord Genuity") and Jefferies International Limited ("Jefferies") is authorised and regulated by the UK Financial Conduct Authority. None of InfraRed, Canaccord Genuity or Jefferies is acting as adviser to any recipient of this document or will be responsible to any recipient of the document for providing the protections afforded to clients of any of them or for providing advice in connection with this document or any of the matters referred to herein.

This document is an advertisement and not a prospectus and investors must only subscribe for or purchase the securities referred to in this document on the basis of information contained in the Prospectus (as defined above) published in connection with the Company's share issuance programme and not in reliance on this document. This document does not contain sufficient information to support an investment decision and investors should ensure that they obtain all available relevant information before making any investment. This document does not constitute and may not be construed as an offer to sell, or an invitation to purchase, investments of any description, nor as a recommendation regarding the possible offering or the provision of investment advice by any party.