13 March 2024
Triple
Point Energy Transition plc
("TENT"
or the "Company")
DIVIDEND
DECLARATION
Triple Point Energy Transition plc
(ticker: TENT), has declared an interim dividend in respect of the period from 1 October 2023
to 31 December 2023 of 1.375 pence per Ordinary Share, payable on
or around 5 April 2024 to holders of Ordinary Shares on the
register on 22 March 2024. The ex-dividend
date will be 21 March 2024.
A portion of the Company's dividends are
designated as an interest distribution for UK tax purposes. The
interest streaming percentage for this dividend is
77.65%.
For further information, please
contact:
|
Triple Point Investment Management
LLP
Jonathan Hick
Christophe Arnoult
Chloe Smith
|
+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
Siobhan Sergeant
|
+44
(0) 20 7493 3631
|
|
Buchanan (Financial PR)
Helen Tarbet
Henry Wilson
Verity Parker
|
|
+44
(0) 20 7466 5111
|
LEI: 213800UDP142E67X9X28
Further information on the Company
can be found on its website: http://www.tpenergytransition.com/
NOTES:
The Company is an investment trust
which is invested in assets that support the transition to a lower
carbon, more efficient energy system and help the UK achieve Net
Zero. On 5 March 2024, the Company published a circular and notice
of general meeting at which shareholders will be able to vote on
proposals which, if approved, will facilitate an orderly
realisation of the Group's assets.
Since its IPO in October 2020, the
Company has made the following investments and
commitments:
·
Harvest and Glasshouse:
provision of £21 million 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
£8 million 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 £26.6 million (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 £19.6 million (excluding costs) - December 2021
·
BESS Portfolio: commitment
to provide a debt facility of £37 million 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: funding of c.£2.2 million to a lighting solutions
provider to install efficient lighting and controls at a leading
logistics company - March 2023
·
Innova: provision of
a £5 million short term development financing facility to Innova
Renewables, building out a portfolio of Solar and BESS assets
across the UK - March 2023
·
Energy Efficient
Lighting: funding of c.£2.3 million to refinance
efficient lighting and controls installed at Places for People
Homes Limited - September 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 Efficiency 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.