NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, TO US
PERSONS OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, CANADA OR
JAPAN, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO
WHOM, TO DO SO WOULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN
DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER TO SELL OR ISSUE, OR
ANY SOLICITATION OF ANY OFFER TO PURCHASE, SUBSCRIBE FOR OR
OTHERWISE ACQUIRE, ANY INVESTMENTS IN ANY JURISDICTION.
ECOFIN U.S. RENEWABLES
INFRASTRUCTURE TRUST PLC (the
"Company")
8 January 2025
The Board of the Company announces
that Patrick O'Donnell Bourke, who has been with the Company since
its IPO in 2020, will step down as Chair and as a director
following the Company's General Meeting on 14 January 2025. His
replacement as Chair will be Brett Miller who joined the Board in
July 2024. The Board will comprise three directors (including
the Chair) to reflect the small size of the Company.
Patrick O'Donnell Bourke said: "We
have entered into a conditional agreement for the sale of a
substantial proportion of the Company's assets under a proposed
managed wind down and I feel this is the right time to be moving
on. I will be available to assist Brett in any transition required
and I wish him, my other Board colleagues and all our advisers
every success for the future as they work to return value to the
Company's shareholders".
Brett Miller said: "On behalf of the
rest of the Board, I would like to thank Patrick for the
significant contribution that he has made to the Company during his
time on the Board since IPO."
The Board also wishes to announce
that should the Managed Wind-Down be approved by shareholders it
will not enter into an agreement to sell any of the remaining
assets (beyond the DG Portfolio) at a significant discount to their
current carrying values as included in the Company's balance sheet
as at 30 June 2024, without prior consultation with major
shareholders.
Terms used in this announcement shall
have the same meaning as set out in the Circular to shareholders
dated 23 December 2024.
For
further information, please contact:
|
Ecofin U.S. Renewables Infrastructure Trust plc (via the
Company Secretary)
Brett Miller
|
|
|
Ecofin Advisors, LLC (Investment
Manager)
Edward Russell
|
+1 913 981
1020
|
|
Stifel (Corporate Broker)
Edward Gibson-Watt
Madison Kominski
|
+44 20
7710 7600
|
|
Apex Listed Companies Services (UK) Limited (Company
Secretary)
Jenny Thompson
Edmar Mabal
|
+44 20
4582 6470
|
Further information on the Company
can be found on its website at https://rnewfund.com/
The Company's LEI
is 2138004JUQUL9VKQWD21.