11 November 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
INITIAL PUBLIC OFFERING - PUBLICATION OF PROSPECTUS
Further to the announcement made by Ecofin U.S. Renewables Infrastructure Trust PLC (the "Company") earlier today, the Company has now published its prospectus (the "Prospectus") in connection with its proposed initial public offering ("IPO").
The Company is seeking to raise up to US$250 million by way of an issue including an Initial Placing and Offer for Subscription of Ordinary Shares (the "Initial Issue") to invest in a diversified portfolio of mixed U.S. renewable energy assets. The Prospectus relates to the proposed admission of the Company's Ordinary Shares to the premium segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's Main Market ("Admission").
Further details are set out in the Prospectus which has been approved by the FCA. Copies of the Prospectus will be available on the Company's website at https://ecofininvest.com/rnew.
A copy of the Prospectus will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
EXPECTED TIMETABLE:
| Publication of Prospectus |
11 November 2020 |
| Latest time and date for receipt of completed Application Forms under the Offer for Subscription and payment in full or settlement of the relevant CREST instruction |
11.00 a.m. on 9 December 2020 |
| Latest time and date for receipt of placing commitments under the Initial Placing |
12.00 noon on 9 December 2020 |
| Results of the Initial Issue announced |
10 December 2020 |
| Initial Admission and dealings commence |
14 December 2020 |
Any changes to the expected timetable set out above will be notified by the Company through an RIS. References to times are to London times unless otherwise stated.
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 |
| Sales: Phil Hopkins Jonathan Crabtree Hugh Middleton |
+44 207 710 7669 +44 207 710 7663 +44 207 710 7730 |
Unless the context otherwise requires, capitalised terms used in this announcement have the meanings given to them in the Prospectus.
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