We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Aquila European Renewables Plc | LSE:AERS | London | Ordinary Share | GB00BK6RLF66 | ORD EUR0.01 (GBP) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.50 | -0.79% | 63.00 | 60.60 | 65.40 | 4,491 | 16:35:29 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | 58.91M | 54.1M | 0.1431 | 4.44 | 240.11M |
TIDMAERS TIDMAERI
RNS Number : 4801N
Aquila European Renewables Income
01 June 2022
1 June 2022
LEI Number: 213800UKH1TZIC9ZRP41
Aquila European Renewables Income Fund plc
("AERIF" or the "Company")
Issue and Purchase of Management Fee Shares in connection with the payment of Investment Adviser fees
The Company announces that it has issued today 554,773 Ordinary Shares ("New Ordinary Shares") to Aquila Capital Investmentgesellschaft mbH, the Company's Investment Adviser (the "Investment Adviser"), in relation to a portion of the fees payable for the three-month period from 1 January 2022 to 31 March 2022. The New Ordinary Shares have been issued pursuant to the Investment Advisory Agreement ("IAA"), details of which were disclosed in the prospectus published by the Company on 17 September 2020.
The New Ordinary Shares are being issued at the latest prevailing adjusted Net Asset Value ('NAV') as at 31 March 2022 of EUR1.021075 per Ordinary share (calculated as the NAV as at 31 March 2022 of EUR1.0342, less the dividend of EUR0.013125 in relation to the period ended 31 March 2022) .
In addition to the issuance noted above, the Company announces that, in accordance with the terms of the IAA with its Investment Adviser, the Company has also purchased an aggregate of 176,300 Ordinary Shares of the Company ("Management Fee Shares") at an average cum-dividend price of EUR1.0376 per Ordinary Share in order to satisfy the balance of the management fee due for the period from 1 January 2022 to 31 March 2022. The purchase of the Management Fee Shares equated to a total consideration amount of EUR 183,233.01 and was funded out of the Company's surplus cash in hand.
Following the transaction noted above, the Investment Adviser has now acquired an aggregate total of 5,674,815 Ordinary shares that were issued in accordance with the Company's IAA, representing 1.4% of the Company's total Ordinary shares in issue. Applications will be made for the New Ordinary Shares to be admitted to the premium segment of the Official List, and to trading on the London Stock Exchange's Main Market for listed securities ("Admission"). It is expected that Admission will become effective and dealings in the New Ordinary Shares will commence at 8am on 9 June 2022. The New Ordinary Shares will rank pari passu with the ordinary shares already in issue.
Following Admission, the Company's issued share capital will consist of 408,225,705 ordinary shares. Therefore, the total number of voting rights of the Company is 408,225,705 and 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 of a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
End
For further details contact:
Media contacts:
Smithfield Consultants
Ged Brumby | 020 3047 2527
Kanayo Agwunobi | 020 3047 2126
Sponsor, Broker and Placing Agent
Numis Securities 020 7260 1000
Tod Davis
David Benda
Vicki Paine
Joint Financial Advisor
Kempen & Co +31 20 348 8000
Maarten de Zeeuw
Kathrin Erfurth
Robin van Wijk
NOTES
Aquila European Renewables Income Fund plc is a London-listed renewable energy infrastructure investment company with the aim to provide investors with an attractive long-term, income-based return in EUR through a diversified portfolio of hydropower, onshore wind and solar PV investments across continental Europe and Ireland. Through the diversification of generation technologies, the seasonal production patterns of these asset types complete each other to balance the cash flow, while the geographic diversification serves to reduce exposure to one single energy market.
www.aquila-european-renewables-income-fund.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
IOEDGGDUUBXDGDB
(END) Dow Jones Newswires
June 01, 2022 02:01 ET (06:01 GMT)
1 Year Aquila European Renewables Chart |
1 Month Aquila European Renewables Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions