TENT Triple Point Energy Transition Plc

12 February 2025

Triple Point Energy Transition plc

("TENT" or the "Company")

Leading Independent Voting Advisers Recommend Shareholders Vote in Favour of all Resolutions

The Board of Triple Point Energy Transition plc notes the publication of the reports from three leading independent voting advisers (Glass Lewis, ISS and PIRC), in relation to the Company's forthcoming General Meeting at 9.00 a.m. on Monday, 24 February 2025.

The Board is pleased that all three reports are supportive of the Proposals and recommend that Shareholders vote in favour of all the Resolutions to approve the Liquidation of the Company (and related matters) and the proposed Tender Offer (which would only be undertaken if the Liquidation is not approved by Shareholders).

These Proposals will enable the swift return of value to Shareholders following the completion of the Managed Wind-Down process approved by c. 99% of Shareholders voting at a general meeting held in March 2024.

Further details of each of the Liquidation and the Tender Offer are included in the circular posted by the Company on 23 January 2025 (the "Circular").

Rosemary Boot, Chair of the Company, commented:

"The Board is pleased to note this independent affirmation of the Proposals by three leading independent voting advisers and reiterate our recommendation to all Shareholders to vote in favour of all of the Resolutions by the deadline indicated to ensure that we are able to return capital in a timely and tax efficient manner."

YOUR VOTE IS EXTREMELY IMPORTANT AND EVERY VOTE MATTERS

YOU ARE ENCOURAGED TO VOTE IN FAVOUR OF ALL THE RESOLUTIONS

THE DEADLINE FOR PROXY VOTING CLOSES AT 9.00 A.M. ON FRIDAY, 20 FEBRUARY 2025

VOTING DEADLINES FOR PLATFORMS MAY BE AT LEAST 5 BUSINESS DAYS EARLIER

The Circular and detailed timetable of events are available on the Company's website at https://www.tpenergytransition.com/investor-communication/151/. All defined terms included herein are as set out in the Circular.

If you are in any doubt as to how to register your vote for the General Meeting or how to tender your shares, contact details for where you can seek assistance are set out on this website.

For further information, please contact:

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 was established to invest in assets that support the transition to a lower carbon, more efficient energy system and help the UK achieve Net Zero. 

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.

On 22 March 2024, shareholders approved the Company's proposed orderly realisation of assets which was completed with the sale of the final assets announced on 22 January 2025.