TIDMGRP

RNS Number : 9986T

Greencoat Renewables PLC

31 March 2021

Greencoat Renewables PLC - Notice of Annual General Meeting

Dublin, London, 31 March 2021 | Greencoat Renewables PLC ("Greencoat Renewables" or the "Company"), announces that its Annual General Meeting ("AGM") will be held at the offices of Greencoat Capital LLP at 51A Dawson Street, Dublin, D02 TV77, Ireland at 9.00 a.m. on 29 April 2021.

Resolution to amend the Company's Investment Policy

Alongside the normal business of the meeting, Greencoat Renewables is seeking authority to amend the Company's Investment Policy. The Investment Policy currently provides that the Company will invest only in aggregate, up to 40 per cent. of the Gross Asset Value in operational wind energy assets or operational solar PV assets in Other Relevant Countries.

The Company has been exploring solar opportunities in Ireland in addition to the Other Relevant Countries. The additional jurisdiction of Ireland would provide the Company with the benefit of a larger pool of potential acquisition targets and facilitate the group's diversification opportunities. Greencoat Capital has also developed a relationship with many of the key utilities and developers across the Irish region with respect to solar farms and development.

The Board is therefore proposing to amend the Investment Policy to allow the Company to invest in operational solar PV assets in Ireland.

A full version of the proposed new investment policy can be found on the Company's website at www.greencoat-renewables.com.

Public Health Guidelines and the AGM

The well-being of our Shareholders and our people is a primary concern for the Directors. We are closely monitoring the COVID-19 situation and any advice by the Government of Ireland in relation to the pandemic. We will take all recommendations and applicable law into account in the conduct of the AGM. There will likely be very limited ability to attend the AGM in person and we would therefore encourage Shareholders to submit their Form of Proxy to ensure they can vote and be represented at the AGM. By submitting a Form of Proxy in favour of the chairman of the AGM you can ensure that your vote on the Resolutions is cast in accordance with your wishes without attending in person.

For shareholders whose name appears on the register of members of the Company at the relevant record date, proxy votes can be submitted in advance of the AGM by availing of one of the options set out in the notice of the AGM, being:

-- by post to the Registrars of the Company, Computershare Investor Services (Ireland) Limited, 3100 Lake Drive, Citywest Business Campus, Dublin 24, D24 AK82, Ireland, so as to be received in any case no later than 48 hours before the time appointed for the AGM;

   --    electronically by accessing www.eproxyappointment.com ; or 

-- by Euroclear Nominees Limited in respect of the shares registered in its name as nominee for Euroclear Bank SA/NV ("Euroclear Bank"), through the use of a secured mechanism to exchange electronic messages as agreed by the Company with Euroclear Bank.

Persons who hold their interests in ordinary shares as Belgian law rights through the Euroclear system or as CDIs through the CREST system, should consult with their stockbroker or other intermediary at the earliest opportunity for further information.

For voting services offered by custodians holding Irish corporate securities directly with Euroclear Bank, please contact your custodian.

If registered shareholders are unable to attend the meeting and have questions they would like posed at the AGM, they can be submitted by email to: company.secretary@greencoat-renewables.com by 9.00 a.m. on 27 April 2021 and can be assured that all questions will receive a response prior to the meeting.

The Company continues to monitor the impact of COVID-19 and any relevant updates regarding the AGM, including any changes to the arrangements outlined in the Circular, will be announced via a Regulatory Information Service and will be available on www.greencoat-renewables.com.

In the event that it is not possible to hold the AGM either in compliance with public health guidelines or applicable law or where it is otherwise considered that proceeding with the AGM as planned poses an unacceptable health and safety risk, the AGM may be adjourned or postponed or relocated to a different time and/or venue, in which case notification of such adjournment or postponement or relocation will be given in accordance with applicable law.

An electronic copy of the Notice of AGM is available on the Company's website www.greencoat-renewables.com .

A copy of the Notice and Form of Proxy can be inspected at the National Storage Mechanism website at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.

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For further information on the Announcement, please contact:

Greencoat Renewables PLC: +44 20 7832 9400

Bertrand Gautier

Paul O'Donnell

Tom Rayner

Davy (Joint Broker, Nomad and

Euronext Growth Adviser) +353 1 6796363

Fergal Meegan

Ronan Veale

Barry Murphy

RBC (Joint Broker) +44 20 7653 4000

Matthew Coakes

Duncan Smith

Elizabeth Evans

FTI Consulting (Media Enquiries) +353 1 765 0886

Jonathan Neilan

Melanie Farrell

About Greencoat Renewables PLC

Greencoat Renewables PLC is an investor in euro-denominated renewable energy infrastructure assets. Initially focused solely on the acquisition and management of operating wind farms in Ireland, the Company is now also investing in wind and solar assets in certain other Northern European countries with stable and robust renewable energy frameworks. It is managed by Greencoat Capital LLP, an experienced investment manager in the listed renewable energy infrastructure sector.

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March 31, 2021 02:00 ET (06:00 GMT)