TIDMTENT

RNS Number : 3424K

Triple Point Energy Transition PLC

24 August 2023

24 August 2023

Triple Point Energy Transition plc

(the "Company" or together with its subsidiaries, the "Group")

Purchase of Ordinary Shares under the Investment Management Agreement

Triple Point Energy Transition (ticker: TENT), the London Stock Exchange listed investment company focused on building a portfolio of infrastructure investments that support the energy transition, announces that, in accordance with the terms of the Investment Management Agreement with Triple Point Investment Management LLP ("Triple Point" or the "Investment Manager"), pursuant to which the Investment Manager shall procure that 20 per cent. of the investment management fee shall be applied by subscribing for or acquiring Ordinary Shares in the capital of the Company ("Management Shares"), the Investment Manager purchased 79,338 ordinary shares of GBP0.01 each in the capital of the Company ("Ordinary Shares") at an average price of 59. 9 pence per share on 23 August 2023 . This purchase of Management Shares was made by Perihelion One Limited ("Perihelion"), a company in the Triple Point Group.

The Triple Point Group now holds a total of 1,354,912 Ordinary Shares in the Company, representing approximately 1.35% of the total issued share capital.

 
 For further information, please contact:  Triple Point Investment Management 
     LLP 
     Jonathan Hick                       +44 (0) 20 7201 
     Christophe Arnoult                   8989 
    J.P. Morgan Cazenove (Corporate 
     Broker) 
     William Simmonds                    +44 (0) 20 7742 
     Jérémie Birnbaum           4000 
    Akur Limited (Financial Adviser) 
     Tom Frost 
     Anthony Richardson                  +44 (0) 20 7493 
     Siobhan Sergeant                     3631 
    Buchanan (Financial PR) 
     Helen Tarbet 
     Henry Wilson 
     Hannah Ratcliff                     +44 (0) 20 7466 
     Verity Parker                        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 aims to invest 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 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 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 : commitment to provide 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: Funding of c.GBP2.2m to a lighting solutions provider to install efficient lighting and controls at a leading logistics company - March 2023

-- Innova: Provision of a GBP5m short term development financing facility to Innova Renewables, building out a portfolio of Solar and BESS assets across the UK - March 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.

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August 24, 2023 04:30 ET (08:30 GMT)

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