Cancellation of share premium account

RNS Number : 5156A

Atrato Onsite Energy PLC

02 February 2022

 

2 February 2022

Legal Entity Identifier: 213800IE1PPREDIIZB62

ATRATO ONSITE ENERGY PLC

(the "Company")

Cancellation of share premium account

As stated in the Company's prospectus dated 1 November 2021 (the "Prospectus"), in order to increase the distributable reserves available to facilitate the payment of future dividends, the Company had resolved that, conditional upon Initial Admission and the approval of the Court, the amount standing to the credit of the share premium account of the Company immediately following completion of the Initial Issue be cancelled and transferred to a special distributable reserve. 

Atrato Onsite Energy plc (LSE:ROOF), the renewables investment trust focusing on UK commercial rooftop solar and providing investors with capital growth and secure, index-linked income  is pleased to announce that, following the approval of the Court and the subsequent registration of the Court order with the Registrar of Companies, the cancellation of the Company's share premium account has now become effective. Accordingly, the amount standing to the credit of the share premium account immediately prior to the cancellation has now been transferred and credited to a special distributable reserve. This special distributable reserve may be used, where the Board considers it appropriate, by the Company for the purposes of, amongst other things, paying dividends to Shareholders and, in particular, smoothing payments of dividends to Shareholders. There is no guarantee that the Board will in fact make use of the special distributable reserve for the purposes of the payment of dividends to Shareholders.

Capitalised terms used but not defined shall have the meanings given to them in the Prospectus.

For further information, please contact:

Throgmorton UK Limited, Company Secretary

Limor Gonen Tel: [phone]

[e-mail]

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