Greencoat UK Wind PLC

Transaction in Own Shares • Feb 27, 2025

National Storage Mechanism | Additional information

RNS Number : 6058Y

Greencoat UK Wind PLC

27 February 2025

LEI: 213800ZPBBK8H51RX165

27 February 2025

Greencoat UK Wind PLC

Launch of further £100 million Share Buyback Programme

Greencoat UK Wind PLC (the "Company" or "UKW"), the leading listed renewable infrastructure fund invested in UK wind farms, today announces a further £100 million share buyback programme (the "Programme") having completed the Company's previous £100 million share buyback programme on 13 February 2025. This takes the total amount committed by the Company to share buybacks to £200 million.

The Programme will commence shortly and, subject to market conditions, is intended to be executed over the following 12 months.  The sole purpose of the Programme is to reduce the issued share capital of the Company and therefore the ordinary shares purchased by the Company will be held in treasury or re-issued.

The Programme will be executed under the authority granted by shareholders at the Company's annual general meeting on 24 April 2024 (the "2024 AGM"), which authority would be expected to be renewed at the annual general meeting to be held in 2025.  As such, the maximum number of shares that may be repurchased by the Company under the Programme is 297,140,189, being the authority granted by shareholders at the 2024 AGM, less the ordinary shares purchased by the Company under the prior programme.

The Company has entered into a non-discretionary agreement with RBC Europe Limited ("RBC") and Jefferies International ("Jefferies") pursuant to which it has issued irrevocable instructions to RBC and Jefferies to conduct the Programme. RBC and Jefferies will carry out the Programme through the acquisition of ordinary shares in the Company, within certain pre-defined parameters, for subsequent repurchase by the Company.

Any purchase of ordinary shares in the Company will be conducted within the parameters prescribed by the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 (also as in force in the UK, from time to time, including, where relevant, pursuant to the UK's European Union (Withdrawal) Act 2018 and the Market Abuse (Amendment) (EU Exit) Regulations 2019) as well as applicable laws and the regulations of the UK Financial Conduct Authority (including Chapter 9 of the UK Listing Rules).

Any purchase of ordinary shares pursuant to the Programme will be announced no later than 07:30 am on the business day following the calendar day on which the purchase occurs.

There is no guarantee that the Programme will be implemented in full.

For further information please contact:

Greencoat UK Wind PLC

020 7832 9400

Stephen Lilley

Matt Ridley

Ocorian Administration (UK) Limited - Company Secretary

028 9693 0219         

Josh Finlay

Headland

020 3805 4822

Stephen Malthouse

Rob Walker

Charlie Twigg

ukwind@headlandconsultancy.com

RBC Europe Limited

020 7653 4000

Matthew Coakes

Max Avison

Jack Wood

Jefferies International Limited

020 7029 8000

Stuart Klein     

Gaudi Le Roux

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