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
  -2.60 -1.98% 128.60 127.80 128.20 132.20 127.80 131.80 5,211,226 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 0.0 210.5 10.0 12.9 3,191

Renewables Infrastructure Grp (The) Issue of Equity

14/09/2022 10:48am

UK Regulatory (RNS & others)

The Renewables Infrastru... (LSE:TRIG)
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RNS Number : 4407Z

Renewables Infrastructure Grp (The)

14 September 2022


The Renewables Infrastructure Group Limited

Issue of Ordinary Shares under the Management Agreements, and 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 arrangement 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 748,569 Ordinary Shares (the " Management Ordinary Shares "), subject only to Admission (defined below).

The issue price per Management Ordinary Share is 132.49, which is the 30 June 2022 NAV of 134.2p less the 1.71p 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 Manager dated 5 July 2013 (the " Operations Management Agreement "), 486,570 and 261,999 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 2022.

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 2022, elections for the scrip dividend alternative were received in respect of 89,671,160 of the Ordinary Shares in issue as at the record date of 12 August 2022. As a consequence, the Company has today issued 1,072,784 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 7 April 2022 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 Scrip Shares will commence at 8.00 a.m. on 30 September 2022 ("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 2,482,824,562 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.


 Aztec Financial Services (Guernsey) 
  Chris Copperwaite 
  Lucy Smith                            +44 (0)1481 748831 
 InfraRed Capital Partners Limited 
  Richard Crawford 
  Phil George                           +44 (0) 20 7484 1800 
  Rhys Jones 
  Charles Withey                        +44 (0) 20 7379 5151 
 Investec Bank Plc 
  Lucy Lewis 
  Denis Flanagan                        +44 (0) 20 7597 5661 
 Liberum Capital Limited 
  Chris Clarke 
  Darren Vickers 
  Owen Matthews                         +44 (0) 20 3100 2000 


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September 14, 2022 05:48 ET (09:48 GMT)

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