Ecofin Water & Power Opps PLC Portfolio Update (6730B)

TIDMECWO

RNS Number : 6730B

Ecofin Water & Power Opps PLC

20 June 2016

ECOFIN WATER & POWER OPPORTUNITIES PLC (the "Company")

Portfolio Update

The Company is pleased to announce the successful placement of its entire equity holding in Direct Energie, representing 4.37% of Direct Energie's share capital.

Pursuant to the placing, the sale of this holding, which represented 8.2% of the Company's portfolio at 15 June, 2016, will raise GBP34.9 million. By 15 June, 2016, the shares had appreciated 41% since the Company's half-year end on 31 March, 2016 and by over 100% during the previous 12 months.

The net asset value of the Company's Ordinary Shares was 149.80p as at 15 June, 2016. The impact of this disposal on the net asset value of the Company's Ordinary Shares is a reduction of approximately 1.6%. The holding was placed at a discount to the previous day's closing market price owing to the small free float and limited liquidity in Direct Energie's shares.

 
 BNP Paribas Secretarial Services Limited 
  Nariman Ghandhi, Company Secretary         020 7410 5971 
 Winterflood Investment Trusts 
  Joe Winkley 
  James Moseley                              020 3100 0000 
 
   Ecofin Limited 
   John Murray 
   Elspeth Dick                                020 7451 2929

20 June, 2016

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 20, 2016 04:44 ET (08:44 GMT)

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