26 February 2024
LEI: 213800B81BFJKWM2JV13
Octopus Renewables
Infrastructure Trust plc
("ORIT"
or the "Company")
Response to announcement by
Aquila European Renewables plc
The Board of ORIT notes the
announcement released today by Aquila European Renewables plc
("AERI") confirming that a review of broader options for the future
of AERI has commenced, which includes the consideration of a
potential combination pursuant to section 110 of the Insolvency Act
1986 (the "Section 110 Review"), and that it is entering into a
process of mutual due diligence with multiple interested
parties.
The Board of ORIT confirms that ORIT
is participating in the Section 110 Review. There can be no
certainty that a transaction between ORIT and AERI will result from
the process.
The Board
of ORIT will make further announcements as and when
appropriate.
For further information
please contact:
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Octopus Energy Generation
(Investment Manager)
Chris
Gaydon, David Bird
|
Via
Buchanan
|
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|
|
Peel Hunt (Financial Adviser
and Broker)
Liz Yong,
Luke Simpson, Huw Jeremy (Investment Banking)
Michael
Nicholson, Ed Lowe, Ed Beazley (M&A)
|
020 7418
8900
|
|
|
|
|
Buchanan (Financial
PR)
Charles
Ryland, George Beale, Sam Adams
|
020 7466
5000
|
|
|
|
|
Apex Listed Companies
Services (UK) Limited (Company Secretary)
|
020 3327
9720
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Notes to
editors
About Octopus Renewables Infrastructure
Trust
Octopus Renewables Infrastructure
Trust ("ORIT") is a premium-listed, closed-ended investment company
incorporated in England and Wales focused on providing investors
with an attractive and sustainable level of income returns, with an
element of capital growth, by investing in a diversified portfolio
of renewable energy assets in Europe and Australia. As an impact
fund, ORIT is helping accelerate the transition to net zero by
investing in green energy, whilst also contributing to a broader
set of UN Sustainable Development Goals through its impact
initiatives. ORIT's investment manager is Octopus Energy
Generation.
Further details can be found
at www.octopusrenewablesinfrastructure.com
About Octopus Energy Generation
Octopus Energy Generation is driving
the renewable energy agenda by building green power for the future.
Its specialist renewable energy fund management team invests in
renewable energy assets and broader projects helping the energy
transition, across operational, construction and development
stages. The team was set up in 2010 based on the belief that
investors can play a vital role in accelerating the shift to a
future powered by renewable energy. It has a 13-year track record
with approximately £6.0 billion of assets under management (AUM)
(as of September 2023) across 16 countries and total 3.3GW. These
renewable projects generate enough green energy to power 2.4
million homes every year, the equivalent of taking over 1.2 million
petrol cars off the road. Octopus Energy Generation is the trading
name of Octopus Renewables Limited.
Further details can be found
at www.octopusenergygeneration.com
Other notices
Peel Hunt LLP ("Peel Hunt"), which
is authorised and regulated by the Financial Conduct Authority in
the UK, is acting exclusively for ORIT and no one else in
connection with the matters described in this announcement and will
not be responsible to anyone other than ORIT for providing the
protections afforded to clients of Peel Hunt nor for providing
advice in connection with the matters referred to herein. Neither
Peel Hunt nor any of its subsidiaries, branches or affiliates owes
or accepts any duty, liability or responsibility whatsoever
(whether direct or indirect, whether in contract, in tort, under
statute or otherwise) to any person who is not a client of Peel
Hunt in connection with this announcement, any statement contained
herein or otherwise.