20 December 2024
THIS ANNOUNCEMENT CONTAINS INSIDE
INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE
REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. ON
THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION
SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE
PUBLIC DOMAIN.
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, CANADA 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 (the
"Company")
Investment Management
Update
The Board of Ecofin U.S.
Renewables Infrastructure Trust PLC (the "Company" or "RNEW") has been informed by its
AIFM and investment manager, Ecofin Advisors,
LLC ("Ecofin"), that
group lead and portfolio manager Eileen Fargis will leave
Ecofin on 31 December 2024 to pursue a new
opportunity.
Ed Russell, Senior Managing Director
of Ecofin, who has had overall responsibility for RNEW's portfolio
for several years will become portfolio manager for RNEW with
effect from 1 January 2025. Ed is supported by Nancy Johnson
who heads the Finance and Asset Management team, and who works on
the operational performance of each of the assets in the
portfolio. Eileen will be retained as a part-time consultant
by Ecofin over Q1 2025 to support Ed and Nancy in the management of
RNEW.
The priorities are maintaining focus
on managing RNEW's existing assets as well as progressing the
Managed Wind Down announced on 9 September 2024 and which is
subject to shareholder approval.
For
further information, please contact:
|
Ecofin U.S. Renewables Infrastructure Trust plc (via the
Company Secretary)
Patrick O'D Bourke
Brett Miller
|
|
|
Ecofin Advisors, LLC (Investment
Manager)
Edward Russell
|
+1 913 981
1020
|
|
Marathon Capital (Financial Adviser)
Ammad Faisal
|
+1 646 823
1650
|
|
Stifel (Corporate Broker)
Edward Gibson-Watt
Madison Kominski
|
+44 20
7710 7600
|
|
Apex Listed Companies Services (UK) Limited (Company
Secretary)
Jenny Thompson
Edmar Mabal
|
+44 20
4582 6470
|
Further information on the Company
can be found on its website at https://rnewfund.com/
The Company's LEI
is 2138004JUQUL9VKQWD21.
The person responsible for arranging
for the release of this announcement on behalf of the Company is
Jenny Thompson of Apex Listed Companies Services (UK)
Limited.