18 October 2024
Foresight Environmental
Infrastructure Limited
("FGEN" or the
"Company")
Share Repurchase Programme
during a Closed Period
In connection with the Company's £20
million share repurchase programme announced on 15 August 2024
("Share
Repurchase Programme"), FGEN announces that it has appointed Winterflood Securities
Limited ("Winterflood") to
manage the Share Repurchase Programme on an irrevocable basis
("Buyback Agreement")
during FGEN's closed period relating to the publication of the
Company's half-year report for the period to 30 September 2024
("2024 Half-Year
Report"). The Buyback Agreement provides an
irrevocable instruction to Winterflood to
repurchase ordinary shares within certain pre-set parameters during
the period commencing today until the earlier of: (i) the
publication of the 2024 Half-Year Report; and (ii) 31 December
2024.
The shares repurchased under the
Buyback Agreement will be executed using the authority granted by
shareholders at FGEN's 2024 annual general meeting held on 13
September 2024 to acquire up to 14.99% of its issued share capital
at that time.
The Company confirms that it
currently has no inside information.
For
further information and enquiries, please
contact:
|
Foresight Group
Chris Tanner
Edward Mountney
Wilna de Villiers
|
+44(0)20 3667 8100
institutionalir@foresightgroup.eu
|
|
Winterflood Securities Limited
Neil Langford
|
+44(0)20 3100 0000
|
|
SEC
Newgate
Elisabeth Cowell
Alice Cho
Harry Handyside
|
+44 (0)20 3757 6882
fgen@secnewgate.co.uk
|
|
Apex Fund and Corporate Services (Guernsey)
Limited
Matt Lihou
Matt Falla
|
+44 (0)20 3530 3600
fgen@apexgroup.com
|
About FGEN
FGEN's investment policy is to
invest in a diversified portfolio of Environmental Infrastructure.
Environmental Infrastructure is defined by the Company as
infrastructure assets, projects and asset-backed businesses that
utilise natural or waste resources or support more environmentally
friendly approaches to economic activity, support the transition to
a low carbon economy or which mitigate the effects of climate
change. Such investments will typically feature one or more of the
following characteristics:
· long-term, predictable cash flows,
which may be wholly or partially inflation-linked cash
flows;
· long-term contracts or stable and
well-proven regulatory and legal frameworks; or
· well-established technologies, and
demonstrable operational performance.
FGEN's aim is to provide investors
with a sustainable, progressive dividend per share, paid quarterly
and to preserve the capital value of the portfolio over the long
term on a real basis. The target dividend for the year to 31 March
2025 is 7.80 pence per share¹.
FGEN is an Article 9 fund under the
EU Sustainable Finance Disclosure Regulation and has a transparent
and award-winning approach to ESG.
Further details can be found on
FGEN's website www.fgen.com and
LinkedIn page.
LEI: 213800JWJN54TFBMBI68
(1) These are targets only and not
profit forecasts. There can be no assurance that these
targets will be met or that the Company will make any distributions
at all.