30 January 2014
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN.
GREENCOAT UK WIND PLC
New Equity Issuance Announcement
Greencoat UK Wind plc (the "Company"), the listed infrastructure fund invested solely in operational UK wind farms, today announces it has issued 2,000,000 New Ordinary Shares, at an issue price of 102.5 pence per share to meet investor demand. The issuance should enhance liquidity in its shares and the proceeds will be used to repay outstanding debt.
Applications have been made for these shares to be admitted to the Official List of the UK Listing Authority and for admission to trading on the main market of the London Stock Exchange. It is expected that admission to the Official List and commencement of dealings in the Shares on the London Stock Exchange will take place at 8.00 a.m. on 5 February 2014. The Shares will rank pari passu with the Company's existing Shares.
Following this issue, the total number of Ordinary shares in issue is 343,549,867 with each Ordinary share holding one voting right. Therefore, the total number of voting rights in the Company is 343,549,867 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules.
For further information, please contact:
Greencoat UK Wind PLC 0207832 9400
Stephen Lilley
Laurence Fumagalli
Tom Rayner
Winterflood Securities Ltd 0203100 0258
Darren Willis
RBC Capital Markets 0207653 4000
Duncan Smith
Matthew Coakes
Tulchan Communications 0207353 4200
Stephen Malthouse
Christian Cowley
Notes to Editors:
Greencoat UK Wind (the "Company") is a premium listed infrastructure fund solely invested in operating UK wind farms - the first of its kind - established to provide shareholders with a sustainable income stream. UK Wind is currently invested in ten wind farms, both onshore and offshore, with net generating capacity of 184.0MW.
Given the nature of the Company's income streams, the Company's aim is to provide investors with an annual dividend that increases in line with RPI inflation (6p for 2013, 6.16p for 2014) while preserving the capital value of its investment portfolio in the long term on a real basis through reinvestment of excess cashflow and the prudent use of portfolio leverage.
UK Wind is managed by an experienced team of senior executives from Greencoat Capital LLP the cleantech and renewables focused investment management firm, and overseen by a strong and experienced independent board.
UK Wind is incorporated in England and Wales, and is a UK Investment Trust.
For more information about UK Wind, please visit http://www.greencoat-ukwind.com
Disclaimer
This announcement is not for publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia), Australia, Canada, South Africa or Japan. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This announcement does not contain or constitute an offer for sale of, or the solicitation of an offer or an invitation to buy or subscribe for, Ordinary Shares to any person in the United States, Australia, Canada, South Africa or Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful.
The Company will not be registered under the US Investment Company Act of 1940, as amended. In addition, the Ordinary Shares referred to herein have not been and will not be registered under the US Securities Act of 1933 (the "Securities Act") or under the securities laws of any state of the United States and may not be offered or sold in the United States or to or for the account or benefit of US persons absent registration or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable State securities laws. The offer and sale of Ordinary Shares referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of any state, province or territory of Australia, Canada, South Africa or Japan. Subject to certain exceptions, the Ordinary Shares referred to herein may not be offered or sold in Australia, Canada, South Africa or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, South Africa or Japan. There will be no public offer of the Ordinary Shares in the United States, Australia, Canada, South Africa or Japan.
The distribution of this Announcement and the offering of Ordinary Shares in certain jurisdictions may be restricted by law. No action has been taken by the Company that would permit an offering of such shares or possession or distribution of this Announcement or any other offering or publicity material relating to such shares in any jurisdiction where action for that purpose is required. Persons into whose possession this Announcement comes must inform themselves about, and to observe, such restrictions. The information in this Announcement may not be forwarded or distributed to any other person and may not be reproduced in any manner whatsoever. Any forwarding, distribution, reproduction, or disclosure of this information in whole or in part is unauthorised. Failure to comply with this directive may result in a violation of the Securities Act or the applicable laws of other jurisdictions.
This Announcement has been issued by, and is the sole responsibility, of the Company. No representation or warranty express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Winterflood Securities Ltd. or RBC Capital Markets or by any of their respective affiliates or agents as to or in relation to, the accuracy or completeness of this Announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefor is expressly disclaimed.
