LEI:
254900VC23329JCBR9G82
22 April
2024
Asian Energy Impact Trust
plc
(the "Company" or
"AEIT")
Directorate Change
The Board of the Company has been
informed by Kirstine Damkjaer that, following her appointment to a
full-time position, she intends to step down from all her
non-executive positions as soon as practicable. Consequently, she
will step down from her directorship of the Company with effect
from 30 April 2024.
As a result of the conclusion of the
strategic review of the options for the Company's future and the
announcement of a proposed realisation strategy for the Company,
and cognisant of the need to minimise costs where possible, it is
not currently anticipated that a replacement will be
recruited.
There are no other details or
disclosures required under LR 9.6.13R of the Financial Conduct
Authority Listing Rules.
Sue Inglis, Chair of Asian Energy
Impact Trust plc, said: "On behalf of the Board I
would like to thank Kirstine for the key role she has played in our
IPO and through recent, more challenging, times. We greatly
appreciate her efforts as the Company navigated the events of a
turbulent year and the support she provided to Board colleagues and
we wish her well in her new role."
Enquiries:
|
Asian Energy Impact Trust
plc
Sue Inglis, Chair
|
Tel:
+44 (0)20 3757 1892
|
|
Octopus Energy Generation
Press
Office
|
Tel: +44
(0)20 4530 8369
|
|
Shore Capital (Joint Corporate
Broker)
Mark Percy / Gillian Martin / Rose
Ramsden (Corporate)
|
Tel: +44
(0)20 7408 4050
|
|
Peel Hunt LLP (Joint Corporate
Broker)
Luke Simpson / Huw Jeremy (Investment
Banking Division)
Alex Howe / Richard Harris / Michael
Bateman / Ed Welsby (Sales)
|
Tel: +44
(0)20 7418 8900
|
|
Camarco (PR
Adviser)
Louise Dolan / Eddie Livingstone-Learmonth /
Phoebe Pugh
|
Tel: +44
(0)20 3757 4982
asianenergyimpacttrust@camarco.co.uk
|
About Asian Energy Impact Trust
plc
Asian Energy Impact Trust plc
("AEIT" or the "Company", formerly ThomasLloyd Energy Impact Trust
plc) is a closed‑ended investment company incorporated in England
and Wales.
The Company's ordinary shares were
admitted to the premium listing segment of the Official List of the
Financial Conduct Authority and to trading on the premium listing
segment of the main market of the London Stock Exchange on
14 December 2021.
The Company has a triple return
investment objective which consists of:
(i)
providing shareholders with attractive dividend
growth and prospects for long-term capital appreciation (the
financial return);
(ii)
protecting natural resources and the environment
(the environmental return); and
(iii)
delivering economic and social progress, helping
build resilient communities and supporting purposeful activity
(the social return).
The Company has invested in a
portfolio of unlisted sustainable solar energy infrastructure
assets, with a geographic focus on fast‑growing and emerging
economies in Asia.
With effect from 1 November 2023,
the Company appointed Octopus Energy Generation as its transitional
investment manager until 30 April
2024.
On 11 April 2024, the Board
announced that, following a comprehensive strategic review of
options for the Company's future, it had concluded that it is in
the best interests of shareholders as a whole to put forward a
proposal for the orderly realisation of AEIT's assets, to be
effected in a manner that seeks to achieve a balance between
maximising the value of its investments and progressively returning
cash to shareholders in a timely manner (the "Proposal"). The Proposal, on which
further details will be provided in due course, will be subject to
shareholder approval at a general meeting, which is expected to be
held in Q2 2024. The Board expects that, subject to
shareholders approving the Proposal, Octopus Energy Generation, the
Company's transitional investment manager, will be appointed to
continue to manage AEIT's investments and their orderly
realisation.
About Octopus Energy
Generation
Octopus Energy Generation is driving
the renewable energy agenda by building green power for the future.
Its London-based, leading specialist renewable energy fund
management team invests in renewable energy assets and broader
projects helping the energy transition, across operational,
construction and development stages. The team was set up in 2010
based on the belief that investors can play a vital role in
accelerating the shift to a future powered by renewable energy. It
has a 13-year track record with approximately £6 billion of assets
under management (AUM) (as of September 2023) across 16
countries and total 3.2GW. These renewable projects generate enough
green energy to power 2.3 million homes every year, the equivalent
of taking over 1.2 million petrol cars off the road. Octopus Energy
Generation is the trading name of Octopus Renewables
Limited.
Further details can be found
at www.octopusenergygeneration.com
