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Octopus Renewables - Reduction of share premium account

RNS Number : 3884D
Octopus Renewables Infra Trust PLC
18 February 2020
 

18 February 2020

 

LEI: 213800B81BFJKWM2JV13

 

Octopus Renewables Infrastructure Trust plc

(the "Company")

 

Reduction of share premium account

 

As stated in the Company's prospectus dated 19 November 2019 (the "Prospectus"), in order to increase the distributable reserves available to facilitate the payment of future distributions, the Company resolved that, conditional upon First Admission and the approval of the Court, the amount standing to the credit of the share premium account of the Company immediately following completion of the First Issue be cancelled and credited to a special distributable reserve.

 

The Company is pleased to announce that, following the approval of the Court and the subsequent registration of the Court order with the Registrar of Companies on 18 February 2020, the reduction has now become effective. Accordingly, the amount of £339,500,000 previously held in the share premium account has been cancelled and will be credited to a special distributable reserve.

 

Capitalised terms used but not defined shall have the meanings given to them in the Prospectus.

 

 

For further information please contact:

 

PraxisIFM Fund Services (UK) Limited
Company Secretary
020 7653 9690

 


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Quick facts: Octopus Renewables Infrastructure Trust

Price: 102

Market: LSE
Market Cap: £357 m
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