3 February
2025
Triple
Point Energy Transition plc
("TENT"
or the "Company" and together with its subsidiaries, the
"Group")
LIQUIDATION TIMETABLE UPDATE
Further to the Company's
announcement on 23 January 2025 (RNS Number: 3861U), the Board of
Directors of TENT announces a revision to the expected timetable
for the De-Listing of the Company's Shares in the event that the
Liquidation is approved at the General Meeting to be held on 24
February 2025.
This revision has been made in
response to feedback from certain Shareholders in respect of Shares
held within Individual Savings Accounts ("ISAs").
In the event that Shareholders
approve the proposed Liquidation at the General Meeting:
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·
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The Liquidators will be appointed
immediately following the General Meeting (as previously
anticipated).
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·
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While the Shares will be suspended
from trading from 7.30 a.m. on the date of the General Meeting, the
Company will now only seek the cancellation of the admission of the
Shares to the Official List of the FCA and to trading on the Main
Market of the London Stock Exchange ("De-Listing") after the payment of the
Initial Distribution by the Liquidators. The Initial Distribution
is expected to be made as soon as possible after the General
Meeting and, in any event, within 10 Business Days
thereof.
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·
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As a result of this revised timing
for De-Listing, the Shares are expected to continue to be
"qualifying investments" for ISA purposes until after the Initial
Distribution.
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·
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The
last time and date on which Shareholders will be able to acquire or
dispose of Shares on-market remains 6.00 p.m. on 21 February
2025.
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The timetable in respect of the
proposed Tender Offer, if approved by Shareholders at the General
Meeting (and the Liquidation is not approved), remains
unchanged.
Shareholders who are in any doubt as to the action they should
take should consult an appropriate independent professional
adviser.
Expected timetable of
events
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Latest time and
date for receipt of Forms of Proxy for the General
Meeting
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9.00 a.m. on 20 February
2025
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Latest time and
date for receipt of Tender Forms and TTE
Instructions
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1.00 p.m. on 21 February
2025
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Record date for entitlement to vote
at the General Meeting
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6.00 p.m. on 21
February 2025
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Record date for participation in the
Liquidation or the Tender Offer
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6.00 p.m. on 21
February 2025
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Suspension of Shares from listing on
the Official List and to trading on the Main Market
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7.30 a.m. 24 February
2025
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General Meeting
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9.00 a.m. on 24
February 2025
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Results of General Meeting announced
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24 February
2025
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If the Liquidation Resolutions are
passed:
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Appointment of Liquidators
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24 February
2025
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Initial Distribution to Shareholders*
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by 10 March
2025*
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Cancellation of the listing of the Shares on the
Official List and of the trading of the Shares on the Main
Market**
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As soon as
practicable following the Initial Distribution **
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If the Liquidation Resolutions are not
passed and the Tender Offer Resolution is passed:
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Results of Tender Offer
announced
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24 February
2025
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Lifting of the suspension of Shares
from listing on the Official List and to trading on the Main Market
and commencement of the Tender Offer
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7.30 a.m. on 25
February 2025
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Purchase date of the Shares subject to the
Tender Offer
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25 February
2025
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Settlement through CREST of, and despatch of
cheques for, the Tender Offer consideration, as
appropriate
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by 4 March
2025
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Despatch of balance share certificates and
crediting of CREST accounts with Shares not purchased
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by 10 March
2025
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* Actual date to be determined by the
Liquidators
** The actual date will be dependent
on the timing of the Initial Distribution
YOUR VOTE IS EXTREMELY IMPORTANT AND
EVERY VOTE MATTERS
YOU ARE ENCOURAGED TO VOTE ON ALL THE
RESOLUTIONS
The Circular setting out details of the
Proposals and containing the Notice of General Meeting, together
with the amended timetable as set out above, are available on the
Company's website at https://www.tpenergytransition.com/investor-communication/151/.
All defined terms included herein are as set out in the
Circular.
If you are in
any doubt as to how to register your vote for the General Meeting
or how to tender your shares, contact details for where you can
seek assistance are set out on this website.
For further information, please
contact:
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Triple Point Investment Management LLP
Jonathan Hick
Chloe Smith
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+44
(0) 20 7201 8989
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J.P. Morgan Cazenove (Corporate Broker)
William Simmonds
Jérémie Birnbaum
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+44
(0) 20 3493 8000
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Akur Limited (Financial Adviser)
Tom Frost
Siobhan Sergeant
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+44
(0) 20 7493 3631
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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 was established to invest in assets that support the
transition to a lower carbon, more efficient energy system and help
the UK achieve Net Zero.
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 transition and
decentralised energy projects.
On 22 March 2024, shareholders
approved the Company's proposed orderly realisation of assets which
was completed with the sale of the final assets announced on 22
January 2025.
