Share Name Share Symbol Market Type Share ISIN Share Description
The Renewables Infrastructure Group Limited LSE:TRIG London Ordinary Share GG00BBHX2H91 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 129.60p 129.40p 129.60p 129.60p 129.40p 129.60p 3,592,132 16:28:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 0.0 123.2 11.7 11.1 1,874

Renewables Infrastructure Grp (The) Issue of Equity

13/09/2019 11:33am

UK Regulatory (RNS & others)

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RNS Number : 2998M

Renewables Infrastructure Grp (The)

13 September 2019


The Renewables Infrastructure Group Limited

Issue of Ordinary Shares pursuant to the Scrip Alternative and Total Voting Rights

Issue of Ordinary Shares under the Management Agreements

The Board of The Renewables Infrastructure Group Limited (the "Company") announces that, in accordance with the terms of the management fee arrangements with InfraRed Capital Partners Limited (the "Investment Manager") and Renewable Energy Systems Limited (the "Operations Manager") under which 20 per cent of the management fee is payable in new ordinary shares of no par value in the capital of the Company ("Ordinary Shares"), it has today issued in aggregate 875,047 Ordinary Shares (the "Management Ordinary Shares"), subject only to Admission (defined below).

The issue price per Management Ordinary Share is 113.34p, which is the 30 June 2019 NAV of 115.0p less the 1.66p dividend paid for the period.

Pursuant to the terms of (a) the Investment Management Agreement between, inter alia, the Company and the Investment Manager dated 5 July 2013 (the "Investment Management Agreement") and (b) the Operations Management Agreement between, inter alia, the Company and the Operations Manager dated 5 July 2013 (the "Operations Management Agreement"), 568,781 and 306,266 new Ordinary Shares have been allotted to the Investment Manager and the Operations Manager respectively. This is for the period from 1 January to 30 June 2019.

The Ordinary Shares allotted and issued to the Investment Manager and Operations Manager set out above are subject to a lock up of one year from Admission.

Issue of Ordinary Shares pursuant to the Company's Scrip Dividend Alternative

The Board of the Company announces that, pursuant to the Company's scrip dividend alternative in lieu of cash for the interim dividend for the three months ended 30 June 2019, elections for the scrip dividend alternative were received in respect of 8.08% of the Ordinary Shares in issue as at the record date of 16 August 2019. As a consequence, the Company has today issued 1,521,956 Ordinary Shares (the "Scrip Shares"), subject only to Admission (defined below).

When issued, the Scrip Shares will rank pari passu with the existing Ordinary Shares.

A copy of the document relating to the Scrip Dividend Alternative dated 03 April 2019 is available for inspection at the National Storage Mechanism and can also be obtained from the Company Secretary or from the Investor Relations section of the Company's website at


Application has been made for the Scrip 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. It is expected that dealings in the Management Ordinary Shares and Scrip Shares will commence at 8.00 a.m. on 30 September 2019 ("Admission").

Total Voting Rights

In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the total number of Ordinary Shares in issue on Admission will be 1,448,693,031 each with one voting right. No Ordinary Shares are held in treasury.

The above 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 Company, under the Disclosure and Transparency Rules.


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  Richard Crawford 
  Phil George                           +44 (0) 20 7484 1800 
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 Aztec Financial Services (Guernsey) 
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  Laura Dunning                         +44 (0) 1481 748831 


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 or visit



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September 13, 2019 06:33 ET (10:33 GMT)

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