TRIG The Renewables Infrastructure Group Limited

TIDMTRIG

RNS Number : 8515H

Renewables Infrastructure Grp (The)

06 August 2021

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

6 August 2021

The Renewables Infrastructure Group Limited

("TRIG" or the "Company" and together with the holding company subsidiaries, the "Group")

Publication of Supplementary Prospectus

The Board of Directors of TRIG announces the publication today of a supplementary prospectus dated 6 August 2021 (the "Supplementary Prospectus") supplementing the prospectus published by the Company on 5 March 2021 in relation to a Share Issuance Programme of up to 600 million New Ordinary Shares and/or C Shares.

The Supplementary Prospectus has been issued following the publication of the Company's interim report and accounts for the six month period ended 30 June 2021 (the "Interim Accounts"), certain information from which is incorporated by reference into the Supplementary Prospectus. The Supplementary Prospectus also updates the no significant change statement included in the original document to cover the period since 30 June 2021.

The summary, registration document and securities note published by the Company on 5 March 2021, together with the Supplementary Prospectus, comprise the Prospectus in relation to the Share Issuance Programme of up to 600 million New Ordinary Shares and/or C Shares valid until 4 March 2022, of which 405 million Shares remain available for issuance.

Copies of the Supplementary Prospectus and the Interim Accounts will be submitted to the National Storage Mechanism and will be available for inspection at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism shortly as well as on the Company's website at www.trig-ltd.com .

Enquiries:

 
 Aztec Financial Services 
  (Guernsey) Limited 
  Chris Copperwaite 
  Laura Dunning               +44 (0)1481 748831 
 InfraRed Capital Partners 
  Limited 
  Richard Crawford            +44 (0) 20 7484 
  Phil George                  1800 
 Maitland/AMO 
  Rhys Jones                  +44 (0) 20 7379 
  Charles Withey               5151 
 Investec Bank Plc 
  Lucy Lewis                  +44 (0) 20 7597 
  Denis Flanagan               4000 
 Liberum Capital Limited 
  Chris Clarke                +44 (0) 20 3100 
  Darren Vickers               2000 
 

Important Information

The distribution of this Announcement, and/or the issue of New Ordinary Shares and/or C Shares ("New Shares") in certain jurisdictions under the Share Issuance Programme may be restricted by law and/or regulation. No action has been taken by the Company, Investec Bank plc or Liberum Capital Limited or any of their respective affiliates as defined in Rule 501(b) under the U.S. Securities Act of 1933, as amended (as applicable in the context used, "Affiliates") that would permit an offer of New Shares or possession or distribution of this Announcement or any other publicity material relating to such shares in any jurisdiction where action for that purpose is required. Persons receiving this Announcement are required to inform themselves about and to observe any such restrictions.

Investec Bank plc ("Investec Bank") is authorised in the United Kingdom by the Prudential Regulation Authority and regulated by the FCA and the Prudential Regulation Authority. Investec Europe Limited (trading as Investec Europe, "Investec Europe"), acting as agent on behalf of Investec Bank in certain jurisdictions in the EEA (together Investec Bank and Investec Europe hereinafter referred to as "Investec"), is regulated in Ireland by the Central Bank of Ireland. Each of Liberum Capital Limited ("Liberum", and together with Investec, the Joint Bookrunners) and InfraRed Capital Partners Limited ("InfraRed") is authorised and regulated by the UK Financial Conduct Authority. None of InfraRed, Investec or Liberum is acting as adviser to any recipient of this document or will be responsible to any recipient of the document for providing the protections afforded to clients of any of them or for providing advice in connection with this document or any of the matters referred to herein.

Information to distributors

Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended ("Directive 2014/65/EU"); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing Directive 2014/65/EU; (c) local implementing measures; and/or (d) (where applicable to UK investors or UK firms) the relevant provisions of the UK MiFID Laws (including the FCA's Product Intervention and Governance Sourcebook (PROD)) (together the "MiFID II Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the New Shares have been subject to a product approval process, which has determined that such New Shares are: (i) compatible with an end target market of (a) retail investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom, (b) investors who meet the criteria of professional clients and (c) eligible counterparties, each as defined in Directive 2014/65/EU; and (ii) eligible for distribution through all distribution channels as are permitted by Directive 2014/65/EU (the "Target Market Assessment").

Notwithstanding the Target Market Assessment, distributors should note that: the price of the New Shares may decline and investors could lose all or part of their investment; the New Shares offer no guaranteed income and no capital protection; and an investment in the New Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Share Issuance Programme (including the Initial Issue). Furthermore, it is noted that, notwithstanding the Target Market Assessment, the Joint Bookrunners will only procure investors through the Initial Placing or any subsequent placing who meet the criteria of professional clients and eligible counterparties.

For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the New Shares.

Each distributor is responsible for undertaking its own target market assessment in respect of the New Shares and determining appropriate distribution channels.

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