Aquila European Renewables Income Issue of Equity & Total Voting Rights (4801N)
June 01 2022 - 1:01AM
UK Regulatory
TIDMAERS TIDMAERI
RNS Number : 4801N
Aquila European Renewables Income
01 June 2022
1 June 2022
LEI Number: 213800UKH1TZIC9ZRP41
Aquila European Renewables Income Fund plc
("AERIF" or the "Company")
Issue and Purchase of Management Fee Shares in connection with
the payment of Investment Adviser fees
The Company announces that it has issued today 554,773 Ordinary
Shares ("New Ordinary Shares") to Aquila Capital
Investmentgesellschaft mbH, the Company's Investment Adviser (the
"Investment Adviser"), in relation to a portion of the fees payable
for the three-month period from 1 January 2022 to 31 March 2022.
The New Ordinary Shares have been issued pursuant to the Investment
Advisory Agreement ("IAA"), details of which were disclosed in the
prospectus published by the Company on 17 September 2020.
The New Ordinary Shares are being issued at the latest
prevailing adjusted Net Asset Value ('NAV') as at 31 March 2022 of
EUR1.021075 per Ordinary share (calculated as the NAV as at 31
March 2022 of EUR1.0342, less the dividend of EUR0.013125 in
relation to the period ended 31 March 2022) .
In addition to the issuance noted above, the Company announces
that, in accordance with the terms of the IAA with its Investment
Adviser, the Company has also purchased an aggregate of 176,300
Ordinary Shares of the Company ("Management Fee Shares") at an
average cum-dividend price of EUR1.0376 per Ordinary Share in order
to satisfy the balance of the management fee due for the period
from 1 January 2022 to 31 March 2022. The purchase of the
Management Fee Shares equated to a total consideration amount of
EUR 183,233.01 and was funded out of the Company's surplus cash in
hand.
Following the transaction noted above, the Investment Adviser
has now acquired an aggregate total of 5,674,815 Ordinary shares
that were issued in accordance with the Company's IAA, representing
1.4% of the Company's total Ordinary shares in issue. Applications
will be made for the New Ordinary 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 ("Admission").
It is expected that Admission will become effective and dealings in
the New Ordinary Shares will commence at 8am on 9 June 2022. The
New Ordinary Shares will rank pari passu with the ordinary shares
already in issue.
Following Admission, the Company's issued share capital will
consist of 408,225,705 ordinary shares. Therefore, the total number
of voting rights of the Company is 408,225,705 and this 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 of a change to their interest in, the Company under
the FCA's Disclosure and Transparency Rules.
End
For further details contact:
Media contacts:
Smithfield Consultants
Ged Brumby | 020 3047 2527
Kanayo Agwunobi | 020 3047 2126
Sponsor, Broker and Placing Agent
Numis Securities 020 7260 1000
Tod Davis
David Benda
Vicki Paine
Joint Financial Advisor
Kempen & Co +31 20 348 8000
Maarten de Zeeuw
Kathrin Erfurth
Robin van Wijk
NOTES
Aquila European Renewables Income Fund plc is a London-listed
renewable energy infrastructure investment company with the aim to
provide investors with an attractive long-term, income-based return
in EUR through a diversified portfolio of hydropower, onshore wind
and solar PV investments across continental Europe and Ireland.
Through the diversification of generation technologies, the
seasonal production patterns of these asset types complete each
other to balance the cash flow, while the geographic
diversification serves to reduce exposure to one single energy
market.
www.aquila-european-renewables-income-fund.com
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