Triple Point Energy Transition PLC Admission to Trading on the Premium Segment (4785E)
October 28 2022 - 2:20AM
UK Regulatory
TIDMTENT
RNS Number : 4785E
Triple Point Energy Transition PLC
28 October 2022
NEITHER THIS ANNOUNCEMENT NOR ANYTHING HEREIN FORMS THE BASIS
FOR ANY OFFER TO PURCHASE OR SUBSCRIBE FOR ANY SHARES OR OTHER
SECURITIES IN TRIPLE POINT ENERGY TRANSITION PLC NOR SHALL IT FORM
THE BASIS FOR ANY CONTRACT OR COMMITMENT WHATSOEVER.
28 October 2022
Triple Point Energy Transition plc
("TENT" or the "Company")
Migration to Trading on the Premium Segment of the Main Market
of the London Stock Exchange and Admission to the Premium Listing
Segment of the Official List of the FCA
Further to its announcement on 24 October 2022, the Board of
Triple Point Energy Transition plc is pleased to announce that the
Ordinary Shares of the Company have been admitted to the premium
listing segment of the Official List of the Financial Conduct
Authority and have been admitted to trading on the Premium Segment
of the Main Market of London Stock Exchange plc, with effect from
8.00am this morning.
Dr John Roberts CBE, Chair of Triple Point Energy Transition
plc, commented:
"The Board is delighted that the Company's shares have been
admitted to the Official List and to trading on the Premium Segment
of the London Stock Exchange. We believe the move will raise TENT's
profile as an investment company and help provide access to the
Company's shares from a broader group of investors. In addition,
admission to the Premium Listing Segment is a key criteria to
facilitate the Company's inclusion in the FTSE indices. We
anticipate that the combination of these factors should help to
increase the diversity of the shareholder base and improve
liquidity, to the benefit of shareholders."
FOR FURTHER INFORMATION
Triple Point Investment Management LLP
Jonathan Hick / Ben Beaton +44 (0) 20 7201 8989
J.P. Morgan Cazenove
William Simmonds / Jérémie
Birnbaum (Corporate Finance)
James Bouverat / Liam MacDonald-Raggett
(Sales) +44 (0) 20 7742 4000
Akur Capital
Tom Frost / Anthony Richardson / Siobhan
Sergeant +44 (0) 20 7493 3631
LEI: 213800UDP142E67X9X28
NOTES TO EDITORS:
The Company is an investment trust which aims to have a positive
environmental impact by investing in assets that support the
transition to a lower carbon, more efficient energy system and help
the UK achieve Net Zero.
Since its IPO in October 2020, the Company has made the
following investments and commitments:
-- Harvest and Glasshouse : provision of GBP21m 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 GBP8m of senior debt finance to an
established CHP asset in Teeside 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 GBP26.6m (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 GBP19.6m (excluding costs) - December
2021
-- BESS Portfolio : provision of a debt facility of GBP45.6m 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 : Commitment to fund GBP1m to a
lighting solutions provider to install efficient lighting and
controls at a leading logistics company - June 2022
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.
The Company was admitted to trading on the Specialist Fund
Segment of the Main Market of the London Stock Exchange on 19
October 2020 and was awarded the London Stock Exchange's Green
Economy Mark. It was admitted to the premium listing segment of the
Official List of the Financial Conduct Authority and migrated to
trading on the premium segment of the Main Market on 28 October
2022.
For more information, please visit
http://www.tpenergytransition.com/
IMPORTANT INFORMATION
Each of Akur Limited ("Akur") (which is regulated in the UK by
the FCA) and J.P. Morgan Securities plc (which conducts its UK
investment banking activities as "J.P. Morgan Cazenove") (which is
authorised by the Prudential Regulation Authority (the "PRA) and
regulated in the UK by the FCA and the PRA), is acting exclusively
for the Company and for no--one else in connection with the
Migration and other matters described in this announcement and will
not regard any other person as its client in relation thereto and
will not be responsible to anyone for providing the protections
afforded to its clients or providing any advice in relation to the
matters described herein. Neither Akur nor J.P. Morgan Cazenove,
nor any of their respective directors, officers, employees,
advisers or agents accepts any responsibility or liability
whatsoever for this announcement, its contents or otherwise in
connection with it or any other information relating to the
Company, whether written, oral or in a visual or electronic
format.
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