Renewables Infrastructure Grp (The) Investment Manager (2386X)
December 18 2019 - 2:00AM
UK Regulatory
TIDMTRIG
RNS Number : 2386X
Renewables Infrastructure Grp (The)
18 December 2019
18 December 2019
The Renewables Infrastructure Group Limited
("TRIG" or "the Company", a London-listed investment company
advised by InfraRed Capital Partners ("InfraRed") as Investment
Manager and RES ("Renewable Energy Systems") as Operations
Manager)
Investment Manager
The Board of TRIG notes the announcement made today regarding
Sun Life Financial's acquisition of a majority stake in the
ultimate parent company of InfraRed Capital Partners Limited
("InfraRed"), the Company's Investment Manager.* The transaction is
part of InfraRed's strategy to grow its infrastructure investment
business in North America, with a focus on investing in renewable
energy. See www.ircp.com/news.
The Board notes InfraRed's statement and has been assured that
the transaction will not affect InfraRed's continued performance of
its role as Investment Manager; and that InfraRed's management
resources and support for TRIG will be unaffected.
* The transaction is subject to regulatory approvals and
customary conditions to closing.
Enquiries
InfraRed Capital Partners Limited +44 (0) 20 7484 1800
Richard Crawford
Phil George
Maitland/AMO +44 (0) 20 7379 5151
James Isola
Zara de Belder
Investec Bank Plc
Lucy Lewis
Denis Flanagan +44 (0) 20 7597 5661
Liberum Capital Limited
Chris Clarke
Gillian Martin +44 (0) 20 3100 2000
Notes
The Company
The Renewables Infrastructure Group ("TRIG" or the "Company") is
a leading London-listed renewable energy infrastructure investment
company. The Company seeks to provide shareholders with an
attractive long-term, income-based return with a positive
correlation to inflation by focusing on strong cash generation
across a diversified portfolio of predominantly operating projects.
TRIG is targeting an aggregate dividend of 6.64 pence per Ordinary
Share for the year to 31 December 2019.
TRIG is invested in a portfolio of over 70 wind, solar and
battery storage projects with aggregate net generating capacity of
1,629MW. TRIG is seeking further suitable investment opportunities
which fit its stated Investment Policy.
Further details can be found on TRIG's website at
www.trig-ltd.com.
Investment Manager (InfraRed Capital Partners)
TRIG's Investment Manager is InfraRed Capital Partners Limited
("InfraRed"), which has successfully invested in over 200
infrastructure projects since 1997. InfraRed is a leading
international investment manager focused on infrastructure and real
estate. It operates worldwide from offices in London, Hong Kong,
New York, Seoul and Sydney. With over 175 professionals it manages
in excess of US$12bn of equity capital in multiple private and
listed funds, primarily for institutional investors across the
globe. InfraRed is authorised and regulated by the Financial
Conduct Authority.
The infrastructure investment team at InfraRed consists of over
85 investment professionals, all with an infrastructure investment
background and a broad range of relevant skills, including private
equity, structured finance, construction, renewable energy and
facilities management.
InfraRed implements best-in-class practices to underpin asset
management and investment decisions, promotes ethical behaviour and
has established community engagement initiatives to support good
causes in the wider community. InfraRed is a signatory of the
Principles of Responsible Investment.
Further details can be found on InfraRed's website
www.ircp.com.
Operations Manager (RES)
TRIG's Operations Manager is RES ("Renewable Energy Systems"),
the world's largest independent renewable energy company.
RES has been at the forefront of wind energy development for
over 37 years, with the expertise to develop, engineer, construct,
finance and operate projects around the globe. RES has developed or
constructed onshore and offshore wind, solar, energy storage and
transmission projects totalling more than 17GW in capacity. RES
supports over 5.5GW of operational assets worldwide for a large
client base. Headquartered in Hertfordshire, UK, RES is active in
10 countries and has over 2,000 employees engaged in renewables
globally.
RES is an expert at optimising energy yields, with a strong
focus on safety and sustainability. Further details can be found on
the website at www.res-group.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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