Purchase of Management Fee Shares
RNS Number : 9861Q
Ecofin US Renewables Infrastr.Trust
02 November 2021
 

2 November 2021

ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC

(the "Company")

 

Purchase of Management Fee Shares

The Company announces that, in accordance with the terms of the Investment Management Agreement ("IMA") with Ecofin Advisors, LLC (the "Investment Manager"), on 1 November 2021 the Investment Manager purchased 31,553 Ordinary Shares ("Management Fee Shares") at an average price of $0.985 per Management Fee Share, reflecting the management fee due for the period from 1 July 2021 to 30 September 2021.

Pursuant to the IMA, 15 per cent. of the management fee is payable in the form of Ordinary Shares, subject to a rolling lock-up of 12 months. The key terms of the IMA were disclosed in the prospectus published by the Company on 11 November 2020 (the "Prospectus").

Combined with previous Management Fee Share purchases and issuances, the Investment Manager and the relevant Associates will hold a total of 85,050 Management Fee Shares.

 

Unless the context otherwise requires, capitalised terms used in this announcement have the meanings provided in the Prospectus.

 

For further information, please contact:

 

 Ecofin Advisors, LLC (Investment Manager)

 Jerry Polacek

 Matthew Ordway

 Prashanth Prakash

 

+1 913 981 1020

Stifel (Corporate Broker)

Mark Bloomfield

Nick Donovan

 

+44 207 710 7600

PraxisIFM Fund Services (UK) Limited (Company Secretary)             

Martin Darragh

Maria Matheou

 

+44 204 513 9260

FTI Consulting (Financial PR)

Matthew O'Keeffe

Mitch Barltrop

Vee Montebello

 

+44 797 607 5797

Further information on the Company can be found on its website at https://uk.ecofininvest.com/funds/us-renewables-infrastructure-trust-plc/.

 

The Company's LEI is 2138004JUQUL9VKQWD21.

 

 

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