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Atrato Onsite Energy plc's Board declared a first interim dividend of 1.37 pence per ordinary share for the period from 1 October 2023 to 31 December 2023. The ex-dividend date is 8 February 2024, the record date is 9 February 2024, and the payment date is 1 March 2024. A 50% interest streaming percentage is designated for UK tax purposes for this dividend.
| Date | 29 Jan 2024 |
| Time | 07:00:17 |
| Category | Capital structure |
| ID | 1323B |
29 January 2024
The Board of Atrato Onsite Energy plc (LSE: ROOF), the investment company focusing on clean energy generation, is pleased to declare the Company's first interim dividend of 1.37 pence per ordinary share in respect of the period from 1 October 2023 to 31 December 2023 (the "First Quarterly Dividend"), as scheduled below:
Ex-dividend date 8 February 2024
Record date 9 February 2024
Payment date 1 March 2024
A portion of the Company's First Quarterly Dividend is designated as an interest distribution for UK tax purposes. The interest streaming percentage for the First Quarterly Dividend is 50%.
The Company is targeting an annualised dividend of 5.5 pence per ordinary share for FY24, representing a 10% increase on the prior year. The Company's 12-month forward-looking dividend cover is expected to be in excess of 1.3x(1)(2)
ENQUIRIES
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Atrato Partners Gurpreet Gujral Christopher Fearon
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+44 (0)77 959 75560
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Stifel Nicolaus Europe Limited Mark Young Rajpal Padam Madison Kominski
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+44 (0)20 7710 7600
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Kaso Legg Communications Limited Charles Gorman Charlotte Francis
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+44 (0)20 3995 6673
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Notes to Editors
Atrato Onsite Energy plc (LSE: ROOF) is an investment company specialising in clean energy generation with 100% carbon traceability. The Company focuses on UK solar, helping its clients achieve net zero and reduce their energy bills.
The Company aims to provide investors with attractive capital growth and long dated, index-linked income, targeting a 5% dividend yield and a NAV total return of 8 - 10%(2). Its shares were admitted to trading on the premium segment of the Main Market of the London Stock Exchange on 23 November 2021. Atrato Partners Limited is the Company's Investment Adviser.
Further information is available on the Company's website, www.atratorenewables.com.
The Company's LEI is 213800IE1PPREDIIZB62
(1) Once portfolio is fully operational
(2) There is no certainty that these targets will be achieved.