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Share Name Share Symbol Market Type Share ISIN Share Description
Greencoat Rene. LSE:GRP London Ordinary Share IE00BF2NR112 ORD EUR0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 € +0.00% 1.085 € 1.08 € 1.09 € - - - 57,629 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 58.4 43.6 13.8 7.9 564.20

Greencoat Renewables PLC Net Asset Value and Dividend Declaration

31/01/2019 11:55am

UK Regulatory (RNS & others)


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RNS Number : 7035O

Greencoat Renewables PLC

31 January 2019

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, BY ANY MEANS OR MEDIA, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND, JAPAN, OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Net Asset Value and Dividend Announcement

Dublin, London, 31 January 2019: Greencoat Renewables PLC ("Greencoat Renewables") the Irish renewable infrastructure company, today announces that its unaudited Net Asset Value as of 31 December 2018 is EUR392.8 million (103.4c per share). This represents an increase of 6.5c per share (in addition to 1.5c dividends paid), 6.0c of which is attributable to amending the assumed asset life from 25 to 30 years on a conservative basis, following a third party technical assessment of the portfolio.

Net Asset Value

 
 Net Asset Value / Net Asset Value   EUR392.8 million / 103.4c 
  per share                           per share 
 Dividend/Dividend per share         EUR5.7 million / 1.5c per 
                                      share 
                                    -------------------------- 
 

The Company's December 2018 Factsheet is available on the Company's website, www.greencoat-renewables.com

The Company also announces a quarterly interim dividend of 1.5c per share with respect to the quarter ended 31 December 2018.

Dividend Timetable

   Ex-Dividend Date                   7 February 2019 
   Record Date                            8 February 2019 
   Payment Date                        28 February 2019 

--- ENDS ---

For further details contact:

 
Greencoat Capital LLP (Investment Manager) 
Bertrand Gautier 
Paul O'Donnell 
 Tom Rayner                                                   +44 20 7832 9400 
 
FTI Consulting (Investor Relations & Media) 
Jonathan Neilan                                               +353 1 765 0886 
Melanie Farrell                                               greencoat@fticonsulting.com 
 Davy Corporate Finance (Broker, NOMAD and ESM Adviser) 
  Fergal Meegan 
  Barry Murphy 
  Ronan Veale                                                 +353 1 679 6363 
RBC Capital Markets (Joint Broker) 
 Matthew Coakes 
 Jonathan Hardy                                               +44 20 7653 4000 
 

About Greencoat Renewables PLC

Greencoat Renewables PLC is an investor in euro denominated renewable energy infrastructure assets and is focused on the acquisition and management of operating wind farms in Ireland. It is managed by Greencoat Capital LLP, an experienced investment manager in the listed renewable energy infrastructure sector.

Forward Looking Statements and Important Information

This announcement may include statements that are, or may be deemed to be, "forward-looking statements", including terms such as "believes", "estimates", "anticipates", "expects", "intends", "may", "plans", "projects", "will", "explore" or "should" or, in each case, their negative or other variations or comparable terminology or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to future events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. The Company's actual investment performance, results of operations, financial condition, liquidity, distribution policy and the development of its financing strategies may differ materially from the impression created by, or described in or suggested by, the forward-looking statements contained in this announcement. In addition, this announcement may include target figures for future financial periods. Any such figures are targets only and are not forecasts. Subject to their legal and regulatory obligations, Greencoat Renewables, the Directors and Greencoat Capital LLP expressly disclaim any obligations to update or revise any forward-looking statement contained herein to reflect any change in expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based.

The financial information contained in this announcement has not been audited or reviewed by Greencoat Renewables' auditors in accordance with the International Standards on Auditing (Ireland) or International Standard on Review Engagements.

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.

END

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January 31, 2019 06:55 ET (11:55 GMT)

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