Share Issue/Capital Change • Dec 10, 2020
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RNS Number : 1958I
Ecofin US Renewables Infrastr.Trust
10 December 2020
10 December 2020
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, TO US PERSONS OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO WOULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER TO SELL OR ISSUE, OR ANY SOLICITATION OF ANY OFFER TO PURCHASE, SUBSCRIBE FOR OR OTHERWISE ACQUIRE, ANY INVESTMENTS IN ANY JURISDICTION.
ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC
OFFER UPDATE
Further to the Prospectus published on 11 November 2020, the Board of Directors of Ecofin U.S. Renewables Infrastructure Trust PLC ("RNEW" or the "Company"), a newly established investment company focused on mixed U.S. renewable energy assets, provides an update on its proposed initial public offering on the London Stock Exchange's Main Market.
The response to the proposition from a broad range of both institutional investors, including large, blue-chip institutions, and private wealth managers, has been very positive. Whilst the response has been positive, demand is currently below the minimum threshold of $150 million. In light of this, the Board has decided on a short extension of the timetable in order to ensure that a small number of investors who require further time to complete their due diligence are able to participate.
The Company intends to publish the revised timetable next week.
For further information, please contact:
| Ecofin Advisors, LLC (Investment Manager) Jerry Polacek Matthew Ordway Prashanth Prakash |
+1 913 981 1020 |
| Stifel (Sponsor and Sole Bookrunner) Corporate: Mark Bloomfield Nick Donovan Maarten Freeriks |
+44 207 710 7600 |
Further information on the Company can be found on its website at https://ecofininvest.com/rnew.
The Company's LEI is 2138004JUQUL9VKQWD21.
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