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TENT Triple Point Energy Transition Plc

62.90
-0.10 (-0.16%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Triple Point Energy Transition Plc LSE:TENT London Ordinary Share GB00BMCBZL07 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.10 -0.16% 62.90 61.80 64.00 62.00 62.00 62.00 312,679 16:35:19
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 11.3M 8.81M 0.0881 7.04 62.01M

Triple Point Energy Transition PLC Dividend Declaration

13/03/2024 7:00am

RNS Regulatory News


RNS Number : 5900G
Triple Point Energy Transition PLC
13 March 2024
 

13 March 2024

Triple Point Energy Transition plc

("TENT" or the "Company")

DIVIDEND DECLARATION

 

Triple Point Energy Transition plc (ticker: TENT), has declared an interim dividend in respect of the period from 1 October 2023 to 31 December 2023 of 1.375 pence per Ordinary Share, payable on or around 5 April 2024 to holders of Ordinary Shares on the register on 22 March 2024. The ex-dividend date will be 21 March 2024.

 

A portion of the Company's dividends are designated as an interest distribution for UK tax purposes. The interest streaming percentage for this dividend is 77.65%.

 

For further information, please contact:

Triple Point Investment Management LLP

Jonathan Hick

Christophe Arnoult

Chloe Smith

 

+44 (0) 20 7201 8989

J.P. Morgan Cazenove (Corporate Broker)

William Simmonds

Jérémie Birnbaum

 

+44 (0) 20 3493 8000

Akur Limited (Financial Adviser)

Tom Frost

Siobhan Sergeant

 

+44 (0) 20 7493 3631

Buchanan (Financial PR)

Helen Tarbet

Henry Wilson

Verity Parker

 

+44 (0) 20 7466 5111

LEI: 213800UDP142E67X9X28

 

Further information on the Company can be found on its website: http://www.tpenergytransition.com/

 

NOTES:

The Company is an investment trust which is invested in assets that support the transition to a lower carbon, more efficient energy system and help the UK achieve Net Zero. On 5 March 2024, the Company published a circular and notice of general meeting at which shareholders will be able to vote on proposals which, if approved, will facilitate an orderly realisation of the Group's assets.

Since its IPO in October 2020, the Company has made the following investments and commitments:

·    Harvest and Glasshouse: provision of £21 million of senior debt finance to two established combined heat and power ("CHP") assets, located on the Isle of Wight, supplying heat, electricity and carbon dioxide to the UK's largest tomato grower, APS Salads ("APS") - March 2021

·    Spark Steam: provision of £8 million of senior debt finance to an established CHP asset in Teesside supplying APS, as well as a further power purchase agreement through a private wire arrangement with another food manufacturer - June 2021

·    Hydroelectric Portfolio (1): acquisition of six operational, Feed in Tariff ("FiT") accredited, "run of the river" hydroelectric power projects in Scotland, with total installed capacity of 4.1MW, for an aggregate consideration of £26.6 million (excluding costs) - November 2021

·    Hydroelectric Portfolio (2): acquisition of a further three operational, FiT accredited, "run of the river" hydroelectric power projects in Scotland, with total installed capacity of 2.5MW, for an aggregate consideration of £19.6 million (excluding costs) - December 2021

·    BESS Portfolio: commitment to provide a debt facility of £37 million to a subsidiary of Virmati Energy Ltd (trading as "Field"), for the purposes of building a portfolio of four geographically diverse Battery Energy Storage System ("BESS") assets in the UK with a total capacity of 110MW - March 2022

·    Energy Efficient Lighting: funding of c.£2.2 million to a lighting solutions provider to install efficient lighting and controls at a leading logistics company - March 2023

·    Innova: provision of a £5 million short term development financing facility to Innova Renewables, building out a portfolio of Solar and BESS assets across the UK - March 2023

·    Energy Efficient Lighting: funding of c.£2.3 million to refinance efficient lighting and controls installed at Places for People Homes Limited - September 2023

 

The Investment Manager is Triple Point Investment Management LLP ("Triple Point") which is authorised and regulated by the Financial Conduct Authority. Triple Point manages private, institutional, and public capital, and has a proven track record of investment in Energy Efficiency and decentralised energy projects.

Following its IPO on 19 October 2020, the Company was admitted to trading on the Premium Segment of the Main Market of the London Stock Exchange on 28 October 2022. The Company was also awarded the London Stock Exchange's Green Economy Mark.

 

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.
 
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