TENT Triple Point Energy Transition Plc

TIDMTENT

RNS Number : 9967K

Triple Point Energy Transition PLC

31 August 2023

31 August 2023

Triple Point Energy Transition plc

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

Result of AGM

Change to the Investment Policy

Change of Name

Triple Point Energy Transition plc (ticker: TENT), the London Stock Exchange listed investment company focused on building a portfolio of diversified infrastructure investments that support the energy transition, is pleased to announce that at the Company's Annual General Meeting held on 31 August 2023, all resolutions were voted on by way of a poll and were passed by shareholders.

Resolutions 1 to 9 were proposed as ordinary resolutions and resolutions 10 tand 11 were proposed as special resolutions. The results of the poll are set out below.

 
          Resolution             Votes For       %     Votes Against    %         Total          Total        Votes 
                                                                               votes validly      votes      Withheld* 
                                                                                   cast           cast 
                                                                                                  as % 
                                                                                                of issued 
                                                                                                  share 
                                                                                                 capital 
      To receive and 
       adopt the Annual 
       Report and accounts 
       of the Company 
       for the year 
       ended 31 March 
 1     2023                       53,273,320    100        1,000        0       53,274,320       53.27        4,570 
     ------------------------  -------------  ------  --------------  -----  ---------------  -----------  ----------- 
      To approve the 
      Directors' Remuneration 
 2    Report                     53,253,435    99.97      18,385       0.03     53,271,820        53.26        7,070 
     ------------------------  -------------  ------  --------------  -----  ---------------  -----------  ----------- 
      To re-elect Dr 
       John Roberts 
       CBE as a Director 
 3     of the Company            53,267,928     100          0          0       53,267,928       53.26        10,962 
     ------------------------  -------------  ------  --------------  -----  ---------------  -----------  ----------- 
      To re-elect Rosemary 
       Boot as a Director 
 4     of the Company            53,261,757    99.99       6,171       0.01     53,267,928       53.26        10,962 
     ------------------------  -------------  ------  --------------  -----  ---------------  -----------  ----------- 
      To re-elect Sonia 
       McCorquodale 
       as a Director 
 5     of the Company            53,261,757    99.99       6,171       0.01     53,267,928       53.26        10,962 
     ------------------------  -------------  ------  --------------  -----  ---------------  -----------  ----------- 
      To re-elect Dr 
       Anthony White 
       MBE as a Director 
 6     of the Company            53,267,928     100          0          0       53,267,928       53.26        10,962 
     ------------------------  -------------  ------  --------------  -----  ---------------  -----------  ----------- 
      To re-appoint 
       BDO LLP as Auditors 
 7     of the Company            53,261,686    99.98      12,634       0.02     53,274,320       53.27        4,570 
     ------------------------  -------------  ------  --------------  -----  ---------------  -----------  ----------- 
      To authorise 
       the Audit Committee 
       to determine 
       the Auditors' 
 8     remuneration              53,267,928    99.99       6,392       0.01     53,274,320       53.27        4,570 
     ------------------------  -------------  ------  --------------  -----  ---------------  -----------  ----------- 
      To authorise 
       the Directors 
       to declare and 
       pay all dividends 
       of the Company 
 9     as interim dividends      53,274,320     100          0          0       53,274,320       53.27        4,570 
     ------------------------  -------------  ------  --------------  -----  ---------------  -----------  ----------- 
      To authorise 
       the Company to 
       purchase its 
 10    own shares                53,261,686    99.98      12,634       0.02     53,274,320       53.27        4,570 
     ------------------------  -------------  ------  --------------  -----  ---------------  -----------  ----------- 
      To authorise 
       the calling of 
       general meetings, 
       other than an 
       annual general 
       meeting, on not 
       less than 14 
 11    clear days' notice        53,226,276    99.98       8,044       0.02     53,234,320       53.23        44,570 
     ------------------------  -------------  ------  --------------  -----  ---------------  -----------  ----------- 
 

*A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.

Every shareholder has one vote for every Ordinary Share held. As at 31 August 2023, the issued share capital of the Company consisted of 100,014,079 Ordinary Shares. The Company holds no Ordinary Shares in treasury. Therefore, the total voting number of voting rights in the Company is 100,014,079 Ordinary Shares.

The full text of all the resolutions can be found in the Notice of Annual General Meeting dated 16 June 2023, a copy of which is available on the Company's website at Triple Point | Triple Point Energy Transition plc (tpenergytransition.com) .

In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

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 3493 8000 
  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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August 31, 2023 08:51 ET (12:51 GMT)