Triple Point Energy Transition PLC on Thursday announced that John Roberts has decided to step down immediately from his role of chair as the company highlighted ‘rapid progress’ on its planned managed wind down.
The London-based trust focused on investments in infrastructure projects supporting the green energy transition also cited a need to reduce operating costs.
Triple Point Energy promoted Senior Independent Director Rosemary Boot to succeed Roberts.
The company said: ‘The board is keen to maximise the cash returned to shareholders as part of the wind-down...Given the progress in respect of the disposals to date, and the substantial progress made in respect of the sale of TENT Holdings, a board of three directors is felt to be sufficient to oversee the short remaining period prior to the proposed members’ voluntary liquidation.’
Separately, Triple Point Energy reported that its net asset value per share as at September 30 edged down by 11% to 77.24 pence from 86.66p at March 31.
It declared a dividend per share of 2.75p, unchanged from a year ago.
Pertinently, the firm highlighted its special dividend of 25.00p per share, which it had paid in October.
Triple Point Energy shares closed 4.8% higher at 46.00 pence each on Thursday in London.
Copyright 2024 Alliance News Ltd. All Rights Reserved.
