5 February 2015
Notification of Placing / Sell-down
Greencoat UK Wind (the 'Company') notes the announcement by The Department for Business, Innovation and Skills ('BIS') - a cornerstone investor in the 2013 listing of Greencoat UK Wind - that it has sold down its entire 50 million ordinary share holding, representing 10.8% of the issued share capital. The shares have been placed with a broad range of investors by RBC Capital Markets, Barclays and Winterflood Securities.
Tim Ingram, Chairman, commented: "From the outset, BIS's objective was to support the launch of Greencoat UK Wind, thereby helping to encourage significant additional private capital into energy infrastructure. BIS's support has proven to be very successful, with over £1.7 billion of private capital being raised by Greencoat UK Wind and other follow-on funds, helping to speed up the process of recycling capital into the construction of new renewable energy assets."
Stephen Lilley, Partner of Greencoat Capital, added: "We are grateful for BIS's support over the last two years and have been delighted that since then, we have increased the size of our business and welcomed in many more shareholders, keen to invest in operating UK wind farms through a fund that provides a simple stable RPI inflating sterling dividend and NAV that grows on a real basis."
A full notification by the Company will be provided upon receipt of full disclosure from the shareholder.
For further information, please contact:
Greencoat UK Wind PLC 020 7832 9400
Stephen Lilley
Laurence Fumagalli
Tom Rayner
Tulchan 020 7353 4200
Stephen Malthouse
Notes to Editors:
Greencoat UK Wind PLC is the leading renewable infrastructure fund, solely and fully invested in sixteen operating UK wind farms with net generating capacity of 271.5MW. The Company's aim is to provide investors with an annual dividend that increases in line with RPI inflation (6.26p target for 2014) while preserving the capital value of its investment portfolio in the long term on a real basis through reinvestment of excess cash flow and the prudent use of portfolio leverage.
UKW 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.
UKW is incorporated in England and Wales and is a UK Investment Trust.
For more information about UKW, please visit http://www.greencoat-ukwind.com
For more information about Greencoat Capital LLP, please visithttp://www.greencoat-capital.com
