TENT Triple Point Energy Transition Plc

TIDMTENT

RNS Number : 0673D

Triple Point Energy Transition PLC

19 June 2023

19 June 2023

Triple Point Energy Transition plc

("TENT" or the "Company")

DIVIDEND DECLARATION

The Board of Triple Point Energy Transition plc (ticker: TENT), the London listed infrastructure investment company supporting the energy transition, has declared an interim dividend in respect of the period from 1 January 2023 to 31 March 2023 of 1.375 pence per Ordinary Share, payable on or around 14 July 2023 to holders of Ordinary Shares on the register on 30 June 2023. The ex-dividend date will be 29 June 2023.

A portion of the Company's dividends will be designated as an interest distribution for UK tax purposes. The interest streaming percentage for the dividend is 73.1%.

For further information, please contact:

 
  Triple Point Investment Management LLP 
   Jonathan Hick 
   Christophe Arnoult                       +44 (0) 20 7201 8989 
  J.P. Morgan Cazenove (Corporate Broker) 
   William Simmonds 
   Jérémie Birnbaum               +44 (0) 20 7742 4000 
  Akur Limited (Financial Adviser) 
   Tom Frost 
   Anthony Richardson 
   Siobhan Sergeant                         +44 (0) 20 7493 3631 
    Buchanan (Financial PR) 
      Helen Tarbet 
      Henry Wilson 
      Hannah Ratcliff 
      Verity Parker                         +44 (0) 20 7466 5111 
 

LEI: 213800UDP142E67X9X28

Further information on the Company can be found on its website: 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 (1): Funding of c.GBP1m to a lighting solutions provider to install efficient lighting and controls at a leading logistics company - September 2022.

-- Energy Efficient Lighting (2): Commitment of c.GBP1m to a lighting solutions provider to install efficient lighting and controls at a leading logistics company, of which GBP0.3m invested to date - November 2022.

-- 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 transition 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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