Dividend Declaration

RNS Number : 6276Q

VH Global Sustainable Energy Oppt.

22 February 2023

 

VH Global Sustainable Energy Opportunities plc

22 February 2023

Dividend declaration

The Board of Directors of VH Global Sustainable Energy Opportunities plc (the "Company") announces an interim dividend of 1.38p per share with respect to the period from 1 October 2022 to 31 December 2022, an increase of over 10% vs. the prior quarter. Of this amount, 0.24p per share will be designated as an interest distribution.

Ex-Dividend date	02 March 2023
Record date	03 March 2023
Payment date	31 March 2023

With the declaration of the interim dividend, the total dividend for the 2022 financial year is 5.13p per share, exceeding the dividend target of 5p.

The Company has committed to quarterly dividends of at least 1.38p or 5.52p* in total for the 2023 financial year, in line with its progressive dividend policy. Based on the shares outstanding as at 31 December 2022, the dividend coverage was 1.4x for 2022 financial year. As further projects achieve operational status, the dividend coverage is expected to strengthen .

*The dividend targets stated in this announcement are targets only and not profit forecasts. There can be no assurance that these targets will be met, or that the Company will make any distributions at all and they should not be taken as an indication of the Company's expected future results. The Company's actual returns will depend upon a number of factors, including but not limited to the Company's net income and level of ongoing charges. Accordingly, potential investors should not place any reliance on these targets and should decide for themselves whether or not the target dividend and target net total shareholder return are reasonable or achievable.

The Company's LEI is 213800RFHAOF372UU580. 

For further information, please contact:

Edelman Smithfield (PR Adviser)

Ged Brumby  + 44 (0)7540 412 301

Kanayo Agwunobi  + 44 (0)758 101 0560

Victory Hill Capital Partners LLP (Investment Adviser)

Navin Chauhan  [e-mail]

Numis (Corporate Broker)

David Benda  [phone]

Matt Goss

G10 Capital Limited (AIFM)

Paul Cowland    + 44 (0)20 7397 5450

Apex Fund and Corporate Services (UK) Limited (Company Secretary)

Geetika Dayal  [e-mail]

About Victory Hill Capital Partners LLP

Victory Hill Capital Partners LLP ("Victory Hill") is authorised and regulated by the Financial Conduct Authority (FRN 961570).

Victory Hill is based in London and was founded in May 2020 by an experienced team of energy financiers that have spun-out of a large established global project finance banking group. The team has participated in more than $200bn in transaction values across 91 conventional and renewable energy-related transactions in over 30 jurisdictions worldwide. Victory Hill is the investment adviser entity of the Company.

The Victory Hill team deploys its experience across different financial disciplines in order to assess investments holistically from multiple points of view. The firm pursues operational stability and well-designed corporate governance to generate sustainable positive returns for investors. It focuses on supporting and accelerating the energy transition and the attainment of the UN Sustainable Development Goals.

Victory Hill is a signatory of the United Nations Principles for Responsible Investing (UN PRI), the United Nations Global Compact (UN GC), Net Zero Asset Managers Initiative (NZAMI), a member of the Global Impact Investing Network (GIIN) and is a formal supporter of the Financial Stability Board's Task-Force on Climate-related Disclosures (TCFD).

END

 

END

 

 

DIVPPURCPUPWGRG