2 Feb 2023 07:00
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.
Ecofin U.s. $ (RNEW)