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RNEW Ecofin U.s. Renewables Infrastructure Trust Plc

0.5275
-0.0225 (-4.09%)
Last Updated: 12:06:02
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ecofin U.s. Renewables Infrastructure Trust Plc LSE:RNEW London Ordinary Share GB00BLPK4430 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0225 -4.09% 0.5275 0.505 0.55 0.5275 0.52 0.52 0.00 12:06:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 3.51M 1.18M 0.0086 61.63 73.18M

Ecofin US Renewables Infrastr.Trust Reduction of share premium account (4904W)

23/04/2021 3:35pm

UK Regulatory


Ecofin U.s. Renewables I... (LSE:RNEW)
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TIDMRNEW

RNS Number : 4904W

Ecofin US Renewables Infrastr.Trust

23 April 2021

23 April 2021

ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC

(the "Company")

Reduction of share premium account

As stated in the Company's prospectus dated 11 November 2020 (the "Prospectus"), in order to increase the distributable reserves available to facilitate the payment of future distributions, the Company resolved that, conditional upon Admission and the approval of the Court, the amount standing to the credit of the share premium account of the Company immediately following Admission be cancelled and credited to a special distributable reserve.

The Company is pleased to announce that, following the approval of the Court and the subsequent registration of the Court order with the Registrar of Companies, the reduction became effective. Accordingly, the amount of $121,250,000 previously held in the share premium account has been cancelled and will be credited to a special distributable reserve.

Capitalised terms used but not defined shall have the meanings given to them in the Prospectus.

 
 For further information, please contact: Ecofin Advisors, LLC (Investment Manager) 
    Jerry Polacek 
    Matthew Ordway 
    Prashanth Prakash                                +1 913 981 1020 
   Stifel (Corporate Broker) 
    Mark Bloomfield 
    Nick Donovan 
    Maarten Freeriks                                +44 207 710 7600 
   PraxisIFM Fund Services (UK) Limited (Company 
    Secretary)                                      +44 204 513 9260 
 
  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. 
 

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END

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(END) Dow Jones Newswires

April 23, 2021 10:35 ET (14:35 GMT)

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