26 February 2024
LEI: 213800B81BFJKWM2JV13
Octopus Renewables Infrastructure Trust plc
("ORIT" or the "Company")
Response to announcement by Aquila European Renewables plc
The Board of ORIT notes the announcement released today by Aquila European Renewables plc ("AERI") confirming that a review of broader options for the future of AERI has commenced, which includes the consideration of a potential combination pursuant to section 110 of the Insolvency Act 1986 (the "Section 110 Review"), and that it is entering into a process of mutual due diligence with multiple interested parties.
The Board of ORIT confirms that ORIT is participating in the Section 110 Review. There can be no certainty that a transaction between ORIT and AERI will result from the process.
The Board of ORIT will make further announcements as and when appropriate.
For further information please contact:
| Octopus Energy Generation (Investment Manager) Chris Gaydon, David Bird | Via Buchanan |
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| Peel Hunt (Financial Adviser and Broker) Liz Yong, Luke Simpson, Huw Jeremy (Investment Banking) Michael Nicholson, Ed Lowe, Ed Beazley (M&A) | 020 7418 8900 |
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| Buchanan (Financial PR) Charles Ryland, George Beale, Sam Adams | 020 7466 5000 |
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| Apex Listed Companies Services (UK) Limited (Company Secretary) | 020 3327 9720 |
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Notes to editors
About Octopus Renewables Infrastructure Trust
Octopus Renewables Infrastructure Trust ("ORIT") is a premium-listed, closed-ended investment company incorporated in England and Wales focused on providing investors with an attractive and sustainable level of income returns, with an element of capital growth, by investing in a diversified portfolio of renewable energy assets in Europe and Australia. As an impact fund, ORIT is helping accelerate the transition to net zero by investing in green energy, whilst also contributing to a broader set of UN Sustainable Development Goals through its impact initiatives. ORIT's investment manager is Octopus Energy Generation.
Further details can be found at www.octopusrenewablesinfrastructure.com
About Octopus Energy Generation
Octopus Energy Generation is driving the renewable energy agenda by building green power for the future. Its specialist renewable energy fund management team invests in renewable energy assets and broader projects helping the energy transition, across operational, construction and development stages. The team was set up in 2010 based on the belief that investors can play a vital role in accelerating the shift to a future powered by renewable energy. It has a 13-year track record with approximately £6.0 billion of assets under management (AUM) (as of September 2023) across 16 countries and total 3.3GW. These renewable projects generate enough green energy to power 2.4 million homes every year, the equivalent of taking over 1.2 million petrol cars off the road. Octopus Energy Generation is the trading name of Octopus Renewables Limited.
Further details can be found at www.octopusenergygeneration.com
Other notices
Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated by the Financial Conduct Authority in the UK, is acting exclusively for ORIT and no one else in connection with the matters described in this announcement and will not be responsible to anyone other than ORIT for providing the protections afforded to clients of Peel Hunt nor for providing advice in connection with the matters referred to herein. Neither Peel Hunt nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Peel Hunt in connection with this announcement, any statement contained herein or otherwise.
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